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Flex Space Building with Loading Areas
For Sale
$899,000

233 Central Avenue, Albany, NY 12206

COMMERCIAL - Albany, NY

Property Size43,520 SF
Lot Size0.51 Acres
Price / SF$20.66
Days on Market268

Property Features for 233 Central Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Parking 12
Interior features Built-in Features
Basement Interior Entry
Lot features Cleared
High school Albany
Elementary school district Albany
Middle school district Albany
High school district Albany
Directions To get to 233 Central Avenue in Albany, NY, take I-87 to Exit 2 for Everett Road. Turn left onto Everett Road and continue for about a third of a mile until you reach Central Avenue. Turn left onto Central Avenue, and 233 Central Ave will be a short distance ahead on your left. If you're coming from downtown Albany, simply head west on Central Avenue (Route 5) until you reach the address.
Standard status Active
APN 65.63-2-56
Lot size 0.51 Acres

Taxes and HOA fees

Tax Annual Amount 51650

Utilities

Sewer type Public Sewer
Heating system Forced Air
Water source Public

Building Details

Flooring type Carpet, Concrete, Hardwood
Building materials Brick
Roof type Rubber
Listing Agency: Clancy Real Estate
Listed By: Kevin Clancy · License #37CL1081409
Added: Nov 5, 2025 Changed: Jul 30 Last Checked: Jul 31 at 6:06AM
MLS# 202529186

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Flex space building totaling approximately 43,520 SF on a 0.51-acre lot, constructed with brick and finished with carpet, concrete, and hardwood flooring. The layout includes a substantial office area with common spaces, offices, conference rooms, and restrooms, plus storefront space with robust road frontage and visibility. At the rear, a large warehouse features two loading areas. The upper levels include a studded apartment above the main space and a multi-office/lounging area on the second floor, while above the warehouse is a former dry-cleaning space. Heating is forced air, with a rubber roof.

The property includes a surface parking lot with 12+ spaces. Public water and public sewer services are available. The building is offered as-is.

Key Highlights

  • Approximately 43,520 SF flex space building on 0.51 acres
  • Storefront space with robust road frontage and visibility
  • Large rear warehouse with two loading areas

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Catering Service Carpet & Flooring Store Furniture & Home Goods Electrical 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
Paved road access

Location Intelligence

Trade Area within ½ mile

2,825
Businesses Nearby
Under-served
Demand for This Use

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

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
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Similar Off Market Nearby

  • Wally's Catering Kitchen — 613 Clinton Ave, Albany, NY 12206

Frequently Asked Questions

What type of property is this?
Flex space - Flex space building with storefront frontage, large rear warehouse, two loading areas, and a surface parking lot.
Where is this flex space located?
The property is located at 233 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Approximately 43,520 SF flex space building on 0.51 acres; Storefront space with robust road frontage and visibility; Large rear warehouse with two loading areas
More about this property
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