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175 Central Ave, Albany, NY 12206

Multiple office suites available for lease in Albany, NY.

Space Size482 SF - 9,000 SF
Days on Market1298

Property Features for 175 Central Ave

General Information

Standard status Active
Size 482 SF - 9,000 SF
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 175 Central Ave Contact us

175 Central Ave $12.75/SF/Yr

Floor
5
Size
482 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Two Suites available - Three suites of office space available for lease in a larger...
show more
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175 Central Ave $12.75/SF/Yr

Floor
3
Size
9,000 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Two Suites available - Three suites of office space available for lease in a larger...
show more
Contact us

175 Central Ave $12.75/SF/Yr

Floor
4
Size
5,100 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Two Suites available - Three suites of office space available for lease in a larger...
show more
Contact us

175 Central Ave $12.75/SF/Yr

Floor
5
Size
748 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Two Suites available - Three suites of office space available for lease in a larger...
show more
Contact us
Listing Agency: CBRE | Albany
Listed By: Kyle Rueckert · License #10301211707
Source: Moodyscre
Added: Feb 15, 2023 Changed: Sep 4 Last Checked: Sep 4 at 4:25AM

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 CBRE | Albany

Investment Insights

Based on property information with market context.

Multiple suites are available for lease within a five-story office building encompassing approximately 45,000 square feet. The property is located in Albany, NY, on Route 5 (Central Avenue), situated between Robin Street and Lexington Avenue, approximately one mile west of Downtown Albany. Available spaces include a 9,000-square-foot space on the third floor, a 5,100-square-foot space on the fourth floor, and two spaces on the fifth floor measuring 482 square feet and 748 square feet, respectively. The building features secure private parking for approximately 75 vehicles located directly to the rear, as well as two passenger elevators. The property is located approximately 262 feet from the Central Ave + Robin St CDTA bus stop, which serves routes 1, 803, and 807. The AADT traffic count at Central Avenue is 15,986.

Key Highlights

  • Multiple suites available within a ±45,000 SF office building.
  • Secure private parking for ±75 vehicles.
  • Convenient location ±1 mile west of Downtown Albany.

Property Analytics

Current Use

Women's Employment And Resource ... Business Service Center Josephine Z. Culkin, ... Registered General Nurse Kimberly J. Spears, ... Registered General Nurse Clinic.. Medical Clinic

Suggested Use

Top Pick Acupuncture Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store HVAC 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
$1.91 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,825
Businesses Nearby

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value

Market

Lease Benchmarks for Albany, NY

$16.92 /SF/Yr
Avg Asking Price
$13–$22.66 /SF/Yr
Price Range
52,405 SF
Avg Space Size

This space is priced 25% below the average of $16.92 /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
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Frequently Asked Questions

What type of property is this?
Office building - Multiple office suites available for lease in Albany, NY.
Where is this office building located?
The property is located at 175 Central Ave Albany, NY.
What is the lease rate?
The lease rate is $12.75 SF/Yr.
What are key features of this property?
This property features: Multiple suites available within a ±45,000 SF office building.; Secure private parking for ±75 vehicles.; Convenient location ±1 mile west of Downtown Albany.
(518) 452-2700 Call to check price and availability
More about this property
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