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Freestanding Commercial Building on Central Avenue
For Lease
$17 SF/Yr

1865 Central Avenue, Albany, NY 12205

6,360 SF commercial building for lease on 0.65 acres.

Space SizeContact for details
Property Size6,360 SF
Lot Size0.65 Acres
Days on Market111

Property Features for 1865 Central Avenue

General Information

Standard status Active
Size 6,360 SF
Lot size 0.65 Acres
Property subtype Retail

Building Details

Building Size 6,360 SF
Listing Agency: Pyramidbrokerage
Listed By: Pyramid Brokerage Albany
Source: Pyramidbrokerage
Added: May 27 Changed: Sep 13 Last Checked: Sep 13 at 4:01AM

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 Pyramidbrokerage

Investment Insights

Based on property information with market context.

This freestanding commercial building, offering approximately 6,360 square feet, is available for lease. The property features a flexible layout and excellent visibility on Central Avenue (NY-5), a busy commercial corridor with high daily traffic. Situated on a 0.65-acre lot, the property includes on-site parking at approximately 4.7 spaces per 1,000 square feet, with additional space for outdoor display or potential expansion. Multiple entrances and a rear overhead door provide versatile access. Zoned COR, the building is suitable for retail, service, showroom, or light industrial uses, offering high exposure and convenient access within a strong commercial area.

Key Highlights

  • High‑visibility location on Central Avenue (NY‑5) with strong daily traffic counts.
  • Flexible ±6,360 SF freestanding commercial building suitable for retail, service, showroom, or light industrial use.
  • Generous on‑site parking (approximately 4.7 spaces per 1,000 SF) on a ±0.65‑acre lot.

Property Analytics

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Current Use

The Lazy Axe Hotel & Motel Tint King Interior Design

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Plumbing Service HVAC Service Locksmith

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
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

785
Businesses Nearby

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
View Realmo Analytics

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 14% above the average of $14.88 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 6,360 SF commercial building for lease on 0.65 acres.
Where is this retail space located?
The property is located at 1865 Central Avenue Albany, NY.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: High‑visibility location on Central Avenue (NY‑5) with strong daily traffic counts.; Flexible ±6,360 SF freestanding commercial building suitable for retail, service, showroom, or light industrial use.; Generous on‑site parking (approximately 4.7 spaces per 1,000 SF) on a ±0.65‑acre lot.
More about this property
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