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Two-Story Office Building
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3 Marcus Blvd, Albany, NY 12205

Two-story office building with passenger elevator, stair access, and substantial parking while renovations are underway.

Property Size31,960 SF
Days on Market33

Property Features for 3 Marcus Blvd

General Information

Standard status Active
Size 31,960 SF
Total Parking Spaces 100
Elevators Yes
Property subtype OFFICE
Lease Type SF/yr

Building Details

Stories 2
Listing Agency: CBRE | Albany
Listed By: Dan Simpson · License #30SI0855145
Source: Moodyscre
Added: Jun 29 Changed: Jul 30 Last Checked: Jul 30 at 9:15AM

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 two-story office building offers many possible configurations for a range of office users. The property includes one passenger elevator and two staircases to support day-to-day access across floors. The building is currently undergoing renovations, offering the opportunity to align the space with current operating needs.

Parking is a major convenience point, with approximately 1,100 parking spaces available for occupants and visitors.

With its flexible layout and active renovation work, the building can be a practical option for tenants looking for an adaptable office setting supported by multiple circulation options and parking capacity.

Key Highlights

  • Approximately 1,100 parking spaces
  • One passenger elevator plus two staircases
  • Two‑story office building with many possible configurations

Property Analytics

Current Use

Nicholas J Marino ... Insurance Agency Mark Lawson Antiques, ... (Bike/Boat/Book/etc) Store ADS Business Intelligence Accounting Software Company Integrated Financial Strategies Financial Advisor FedEx Drop Box Postal Service

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Building Supply Auto Parts Store Kitchen & Bath Showroom 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

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

949
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

Market

Lease Benchmarks for Albany, NY

$16.26 /SF/Yr
Avg Asking Price
$0.52–$22.66 /SF/Yr
Price Range
79,894 SF
Avg Space Size

This space is priced 5% above the average of $16.26 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building with passenger elevator, stair access, and substantial parking while renovations are underway.
Where is this office building located?
The property is located at 3 Marcus Blvd Albany, NY.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Approximately 1,100 parking spaces; One passenger elevator plus two staircases; Two‑story office building with many possible configurations
(303) 260-4434 Call to check price and availability
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