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Downtown Office Space Available
For Lease
$15.50 SF/Yr

16 3rd Street, Troy, NY

Raw vacant office space in prime downtown location for lease.

Space SizeContact for details
Property Size87,920 SF
Days on Market331

Property Features for 16 3rd Street

General Information

Standard status Active
Size 87,920 SF
Property subtype Office

Building Details

Building Size 87,920 SF
Listing Agency: Baker City Realty, Inc.
Listed By: Pyramid Brokerage Albany · License #RB-0030961
Source: Pyramidbrokerage
Added: Sep 25, 2025 Changed: Aug 19 Last Checked: Aug 21 at 5:07AM

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 Baker City Realty, Inc.

Investment Insights

Based on property information with market context.

This property offers raw, vacant space situated in a prime downtown location. The building is scheduled for a complete rehabilitation of its HVAC system and roof. The owner is open to discussing terms, fit-up options, and potential uses for the space. The property offers a total size of 87920 square feet and is suitable for office space.

Key Highlights

  • Prime downtown location
  • Raw vacant space allows for customization
  • Owner open to negotiation on terms

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store Tech Support Center Veterinary Clinic Butcher

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
$2.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,100
Businesses Nearby

Market

Lease Benchmarks for Troy, NY

$16.89 /SF/Yr
Avg Asking Price
$3.85–$36.92 /SF/Yr
Price Range
38,986 SF
Avg Space Size

This space is priced 8% below the average of $16.89 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Raw vacant office space in prime downtown location for lease.
Where is this office units located?
The property is located at 16 3rd Street Troy, NY.
What is the lease rate?
The lease rate is $15.50 SF/Yr.
What are key features of this property?
This property features: Prime downtown location; Raw vacant space allows for customization; Owner open to negotiation on terms
More about this property
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