Albany Office Investment Opportunity

32 N Russell Road, Albany, NY 12205

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For Sale

$3,250,000

65,309 SF Class B office building for sale.

Type:Commercial

Property size:

65,309 SF

Lot size:

2.82 Acres

Price / SF:

$49/SF

Listing Contact

RUDY R LYNCH

Real Estate License ID: 10301200002

HighLights

Substantial value‑add opportunity with 45,170 SF of immediately available space.
New roof (2024) provides a significant capital improvement.
Ample parking with 246 on‑site spaces (4:1 ratio).
Conveniently located minutes from I‑90, Exit 5 (Everett Rd).
Unique +/-1,600 SF residential penthouse included.
Features strong 3‑phase/1600 AMP electrical service.

For Sale

$3,250,000

65,309 SF Class B office building for sale.

Type:Commercial

Property size:

65,309 SF

Lot size:

2.82 Acres

Price / SF:

$49/SF

Added:: Oct 8, 2025
Days on Market:: 247
Last Refresh:: Apr 5 at 8:21 pm

Property Features for 32 N Russell Road

General Information

Standard status: Active
Size: 65,309 SF
Lot size: 2.82 Acres
Property subtype: Commercial

Building Details

Year Built: 1960

We can help!

Listing Contact

RUDY R LYNCH

Listing agent RUDY R LYNCH License #10301200002

Listing office CARROW REAL ESTATE SERVICES LLC

Listing date Oct 8, 2025

Source Corcoran

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 CARROW REAL ESTATE SERVICES LLC

HighLights

Substantial value‑add opportunity with 45,170 SF of immediately available space.
New roof (2024) provides a significant capital improvement.
Ample parking with 246 on‑site spaces (4:1 ratio).
Conveniently located minutes from I‑90, Exit 5 (Everett Rd).
Unique +/-1,600 SF residential penthouse included.
Features strong 3‑phase/1600 AMP electrical service.

Overview

This is a 65,309 square foot Class B multi-tenant office building situated on 2.82 acres. The property includes 246 on-site parking spaces, reflecting a ratio of 4 spaces per 1,000 square feet. The building is located minutes from I-90, Exit 5 (Everett Rd) and has CDTA bus access. Currently, the building is 33% occupied, with approximately 45,170 square feet available for immediate use. Features of the property include a new roof installed in 2024, a passenger elevator, and a 1,600 square foot residential penthouse. It is equipped with 3-phase/1600 AMP electrical service and is zoned MU-CH. This property is suitable for investors or owner-occupants seeking value-add potential.

Property Profile Location Intelligence

Current Use by Public Records

NorDutch Technologies, Inc. Tech Support Center Murdock Abstract Corporation Title Company Gifford Abstract Corporation Title Company

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.7911
Latitude: 42.6835

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For sale
Office buildings
NY
Albany
12205
32 N Russell Road

What type of property is this?

Office building - 65,309 SF Class B office building for sale.

Where is this office building located?

The property is located at 32 N Russell Road Albany, NY.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Substantial value‑add opportunity with 45,170 SF of immediately available space.; New roof (2024) provides a significant capital improvement.; Ample parking with 246 on‑site spaces (4:1 ratio).