Renovating Office
For Sale
Contact for pricing
3 Marcus Boulevard, Albany, NY 12205
Office building for sale or lease undergoing structural renovations and corrections for continued operational use.
Property Size31,960 SF
Price / SF$65
Days on Market65
Property Features for 3 Marcus Boulevard
General Information
Standard status
Active
Size
31,960 SF
Property subtype
Office
Building Details
Year Built
1990
Listing Agency:
CBRE - Albany
(518) 452-2700
Listed By:
Dan Simpson · License #NY 30SI0855145
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 29 at 6:19AM
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 CBRE - Albany
Investment Insights
Based on property information with market context.
This offering consists of a multi-tenant office building with approximately 31,960 square feet of space. The property is currently undergoing structural renovations and corrections, indicating active work to address building integrity and related components.
The building is located within the town of Colonie. It is being offered for sale or lease, providing flexibility for buyers seeking an office asset in renovation and for tenants looking for space coming through ongoing improvements.
For office users and investors, the current renovation work may support a long-term plan to bring the building toward stabilized operations. Interested parties should factor the construction scope into their timing and due diligence, including how the renovation schedule could affect move-in readiness, while evaluating the finished condition for suitability to their specific office requirements.
The building is located within the town of Colonie. It is being offered for sale or lease, providing flexibility for buyers seeking an office asset in renovation and for tenants looking for space coming through ongoing improvements.
For office users and investors, the current renovation work may support a long-term plan to bring the building toward stabilized operations. Interested parties should factor the construction scope into their timing and due diligence, including how the renovation schedule could affect move-in readiness, while evaluating the finished condition for suitability to their specific office requirements.
Key Highlights
- 31,960 SF office building in the town of Colonie
- Year built: 1990
- Currently undergoing structural renovations and corrections for continued operational use
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
949
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building for sale or lease undergoing structural renovations and corrections for continued operational use.
Where is this office building located?
The property is located at 3 Marcus Boulevard Albany, NY.
What is the asking price?
The asking price for this property is $2,077,500.
What are key features of this property?
This property features: 31,960 SF office building in the town of Colonie; Year built: 1990; Currently undergoing structural renovations and corrections for continued operational use
