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Retail Storefront with Two Units
For Lease
$20 SF/Yr NNN

1650 Western Avenue, Albany, NY 12203

Single-story brick retail building with large display windows and two separate units, each with its own bathroom.

Space SizeContact for details
Days on Market437

Property Features for 1650 Western Avenue

General Information

Standard status Active
Total Parking Spaces 29

Additional Details

Highway Access Yes
Heavy Power Yes

Building Details

Year Built 1961
Stories 1
Tenancy Multi
Listing Agency: Brokers Network
Listed By: Louise Giuliano
Source: Signatureonerealtygroup
Added: Jun 6, 2025 Changed: Aug 16 Last Checked: Aug 16 at 10:01AM

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 Brokers Network

Investment Insights

Based on property information with market context.

This single-story brick retail building offers large display windows and a split configuration with two available spaces. The building includes gas furnace and central air, with electric two 200 amp 3-phase panels and a bathroom in each unit. Each tenant space is supported by on-site parking that has been newly paved and striped.

The property is located at 1650 Western Avenue in Albany, NY, and is described as across from Crossgates Mall, with a near-by new Costco site. Access is supported by a center turn lane with double exits, and easy access to I-87 and I-90 is noted in the remarks. The site provides 29 parking spaces, with two handicapped spaces located in front, and the property is FIOS capable.

The two-unit layout can suit a variety of retail operations that benefit from strong storefront presence and direct parking. With central HVAC and dedicated electrical service at the building level, the spaces are positioned for tenants looking for an operational, functional retail environment with straightforward access off the main corridor. The property is offered for rent on an NNN basis per the provided remarks.

Key Highlights

  • 4,988 SF single‑story brick retail building with large display windows
  • Two separate units: approx. 2,000 SF left unit and approx. 3,000 SF right unit, each with its own bathroom
  • 29‑space paved and striped parking lot with 2 handicapped spaces in front

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Building Supply Auto Parts Store Big Box & Wholesale Store Electrical Service Garden Center

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

Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

981
Businesses Nearby
328k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Apparel 73% Dining 13% Leisure 6% Shops & Services 6%
DICK'S Sporting Goods Apparel
101,766 visits/mo 0.3 miles
Macy's Apparel
80,286 visits/mo 0.4 miles
JCPenney Apparel
58,395 visits/mo 0.3 miles
McDonald's Dining
30,802 visits/mo 0.3 miles
Regal Crossgates Leisure
20,855 visits/mo 0.4 miles

Demographics for 12203, NY

28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
Median Home Value

Market

Lease Benchmarks for Albany, NY

$11.97 /SF/Yr
Avg Asking Price
$1.04–$31.08 /SF/Yr
Price Range
7,861 SF
Avg Space Size

This space is priced 67% above the average of $11.97 /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?
Storefront property - Single-story brick retail building with large display windows and two separate units, each with its own bathroom.
Where is this storefront property located?
The property is located at 1650 Western Avenue Albany, NY.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 4,988 SF single‑story brick retail building with large display windows; Two separate units: approx. 2,000 SF left unit and approx. 3,000 SF right unit, each with its own bathroom; 29‑space paved and striped parking lot with 2 handicapped spaces in front
More about this property
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