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Downtown Albany Commercial Space
For Lease
$2,500/Mo

144 Washington Avenue, Albany, NY 12205

1,900 SF commercial space in downtown Albany for lease.

Space SizeContact for details
Property Size4,239 SF
Days on Market172

Property Features for 144 Washington Avenue

General Information

Standard status Active
Size 4,239 SF
Property subtype Retail

Building Details

Building Size 4,239 SF
Listing Agency: Pyramidbrokerage
Listed By: Pyramid Brokerage Albany
Source: Pyramidbrokerage
Added: Mar 27 Changed: Sep 11 Last Checked: Sep 14 at 5:09AM

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 Pyramidbrokerage

Investment Insights

Based on property information with market context.

Located in downtown Albany, this commercial space offers approximately 1,900 square feet for lease. The property, previously a deli, features a flexible layout suitable for various business uses. Permitted uses include retail, food service, office, or specialty concepts, subject to local zoning and approvals. The asking rent is $15.50 per square foot, plus utilities and garbage.

Key Highlights

  • Prime downtown Albany location.
  • Approximately 1,900 square feet of commercial space.
  • Flexible layout suitable for various business types.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick HVAC Service Auto Repair Shop Auto Parts Store Storage Facility Locksmith Electrical Service

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

Lease Details

NNN (Triple Net)
Lease Type
$2.37 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

792
Businesses Nearby
552k
Monthly Visits Nearby

Foot Traffic Nearby

Apparel 41% Superstores 30% Home Improvements & Furnishings 9% Dining 8%
Walmart Superstores
163,848 visits/mo 0.2 miles
DICK'S Sporting Goods Apparel
101,766 visits/mo 0.4 miles
Macy's Apparel
80,286 visits/mo 0.4 miles
T.J. Maxx Apparel
40,761 visits/mo 0.1 miles
McDonald's Dining
30,146 visits/mo 0.1 miles

Demographics for 12205, NY

27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Albany, NY

$14.88 /SF/Yr
Avg Asking Price
$1.65–$34 /SF/Yr
Price Range
8,683 SF
Avg Space Size

This space is priced 6% above the average of $14.88 /SF/Yr.

Vacancy Rate% for Retail in Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 1,900 SF commercial space in downtown Albany for lease.
Where is this retail space located?
The property is located at 144 Washington Avenue Albany, NY.
What is the lease rate?
The lease rate is $2,500/Mo.
What are key features of this property?
This property features: Prime downtown Albany location.; Approximately 1,900 square feet of commercial space.; Flexible layout suitable for various business types.
More about this property
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