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Versatile Commercial Property on Central Avenue
For Sale
$999,000

233 Central Avenue, Albany, NY 12206

Remarkable 43,520 sq ft commercial property with diverse spaces.

Property Size43,520 SF
Lot Size0.51 Acres
Price / SF$22.95
Days on Market266

Property Features for 233 Central Avenue

General Information

Standard status Active
Size 43,520 SF
Lot size 0.51 Acres
Property subtype Commercial
Listing Agency: CLANCY REAL ESTATE
Listed By: KEVIN CLANCY · License #37CL1081409
Source: Corcoran
Added: Nov 7, 2025 Changed: Jul 6 Last Checked: Jul 30 at 6:38AM

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 CLANCY REAL ESTATE

Investment Insights

Based on property information with market context.

This versatile commercial property, encompassing approximately 43,520 square feet, is located on Central Avenue in Albany. The property includes a storefront space with road frontage and visibility. The interior features a large office area that includes common spaces, offices, conference rooms, and restrooms. At the rear is a warehouse equipped with two loading areas. Above the main space is a studded apartment. Also included is a multi-office space and lounge area on the second floor. Above the warehouse, a former dry-cleaning space is situated. The property also includes a parking lot with more than 12 spaces. The property is being sold as-is.

Key Highlights

  • Large ~43,520 sq ft commercial property on Central Ave.
  • Includes 12+ space parking lot.
  • Storefront space with robust road frontage and fantastic visibility.

Property Analytics

Current Use

Office Units

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.

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

Average Price Trend$/SF for Mixed-use properties in Albany, NY

Jan
$168 Feb
$168 Mar
$156 Apr
$151 May
$167 Jun

Properties on Market for Mixed-use properties in Albany

Jan
Feb
Mar
Apr
May
Jun

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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Frequently Asked Questions

What type of property is this?
Mixed-use property - Remarkable 43,520 sq ft commercial property with diverse spaces.
Where is this mixed-use property located?
The property is located at 233 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Large ~43,520 sq ft commercial property on Central Ave.; Includes 12+ space parking lot.; Storefront space with robust road frontage and fantastic visibility.
More about this property
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