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Religious and Community Office Complex
For Sale
$1,550,000

181 Western Avenue, Albany, NY 12203

Large assemblage of buildings on Western Avenue, currently used as a religious institution and supporting offices and community uses.

Property Size45,000 SF
Lot Size1.85 Acres
Price / SF$34.44
Days on Market182

Property Features for 181 Western Avenue

General Information

Standard status Active
Size 45,000 SF
Total Parking Spaces 80
Lot size 1.85 Acres
Property subtype Commercial Sale / Mixed Use
Zoning Mixed

Site & Location

Highway Access Yes
Road Access Yes

Amenities

Other, Yes
2
Other

Building Details

Year Built 1929
Listing Agency: NAI Platform LLC
Listed By: Anton Pasquill · License #10401318851
Source: Compass
Added: Feb 12 Changed: Aug 8 Last Checked: Jul 23 at 9:19AM

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 NAI Platform LLC

Investment Insights

Based on property information with market context.

This offering consists of an assemblage of structures and tax lots totaling 1.85 acres with approximately 45,000 square feet of building area. The property is presently utilized as a religious institution and, until recently, operated a shelter, community residential facility, and other temporary residential dwellings. In addition, it has supported a community center and various professional office uses.

Primary frontage and vehicular access are on Western Avenue (State Route 20), identified as a major gateway to the city. The City of Albany has experienced decade-long population growth, supported in part by jobs provided by state government, Albany Med, St. Peter's Health Partners, and multiple institutes of higher education.

The complex includes multiple structures suited to office and community-oriented activity, with existing configuration supporting a range of institutional and professional uses.

Key Highlights

  • 1.85‑acre assemblage with 45,000 SF of structures
  • Currently used as a religious institution
  • Previously used for a shelter, community residential facility, and temporary residential dwellings

Property Analytics

Current Use

Christ's Church Albany Church First Lutheran Church Church

Suggested Use

Top Pick Real Estate Agency Acupuncture Furniture & Home Goods (Bike/Boat/Book/etc) Store 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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,371
Businesses Nearby

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

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?
Church & religious facility - Large assemblage of buildings on Western Avenue, currently used as a religious institution and supporting offices and community uses.
Where is this church & religious facility located?
The property is located at 181 Western Avenue Albany, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 1.85‑acre assemblage with 45,000 SF of structures; Currently used as a religious institution; Previously used for a shelter, community residential facility, and temporary residential dwellings
More about this property
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