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Multi-Tenant Office Building
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132 1/2 Albany St, Cazenovia, NY 13035

Three-tenant office property with a renovated front entry and leases extending through 2027 and 2028.

Property Size5,940 SF
Price / SF$114.31
Days on Market149

Property Features for 132 1/2 Albany St

General Information

Standard status Active
Size 5,940 SF
Class B
Property subtype Office
Occupancy 100%
Lease Type Modified Gross
Investment Type Stabilized
Net Operating Income $63,624

Building Details

Buildings 1
Stories 1
Tenancy Multi
Listing Agency: Arlie Brokerage
Listed By: Alec Sessa · License #10401332986
Source: Crexi
Added: Apr 5 Changed: Aug 30 Last Checked: Aug 30 at 8:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arlie Brokerage

Investment Insights

Based on property information with market context.

This 5,940-square-foot office building in Cazenovia, New York, is occupied by three tenants, each in place since 2010. The property is presented in solid condition and includes a recently upgraded front entrance with new concrete flatwork and railings.

Two leases run through 2027 and 2028, providing defined occupancy terms. The offering also includes a vacant additional parcel with its own tax ID and a separate entry point to the lot. Interior suite improvements and vending contract optimization are identified as potential avenues for further enhancement.

Key Highlights

  • 5,940‑square‑foot office building occupied by 3 tenants
  • All 3 tenants have been in occupancy since 2010
  • Two leases extend through 2027 and 2028

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Hair Salon Parking Lot & Garage HVAC Service Electrical Service Kitchen & Bath Showroom Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

438
Businesses Nearby

Demographics for 13035, NY

8,226
Population
3,345
Households
2.5
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
75.2 sq mi
ZIP Area
109
Density / Sq Mi
$110,972
Median Household Income
$43,864
Median Earnings
$1,202
Median Rent
$276,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Three-tenant office property with a renovated front entry and leases extending through 2027 and 2028.
Where is this office building located?
The property is located at 132 1/2 Albany St Cazenovia, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 5,940‑square‑foot office building occupied by 3 tenants; All 3 tenants have been in occupancy since 2010; Two leases extend through 2027 and 2028
More about this property
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