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Loudon Plaza Mixed-Use Property

350 Northern Blvd, Albany, NY 12204

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For Sale

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Premier mixed-use retail and office property in Albany, NY.

Type:Mixed Use

Property size:

59,379 SF

Price / SF:

$202/SF

HighLights

Premier mixed‑use retail and office property totaling 59,379 square feet.
Comprehensive renovation from 2017–2020 resulting in a modern, energy‑efficient, and low‑maintenance building.
Exceptional location at the border of Loudonville and Albany, NY.
Immediate access to major transportation arteries (I‑90, I‑787, and I‑87).
Adjacent to Albany Memorial Hospital.
Surrounded by dense residential neighborhoods, upscale retail, and high‑quality office developments.

We can help!

Contact an agent

Michael Del Vecchio

Learn more

For Sale

Contact for pricing

Premier mixed-use retail and office property in Albany, NY.

Type:Mixed Use

Property size:

59,379 SF

Price / SF:

$202/SF

Added:: Feb 25, 2026
Days on Market:: 131
Last Refresh:: Mar 17 at 1:17 pm

Property Features for 350 Northern Blvd

General Information

Standard status: Active
Size: 59,379 SF
Property subtype: Mixed Use

Building Details

Year Built: 1953

We can help!

Contact an agent

Michael Del Vecchio

Listing office CBRE - Albany

Listing date Feb 25, 2026

Source Crexi

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

HighLights

Premier mixed‑use retail and office property totaling 59,379 square feet.
Comprehensive renovation from 2017–2020 resulting in a modern, energy‑efficient, and low‑maintenance building.
Exceptional location at the border of Loudonville and Albany, NY.
Immediate access to major transportation arteries (I‑90, I‑787, and I‑87).
Adjacent to Albany Memorial Hospital.
Surrounded by dense residential neighborhoods, upscale retail, and high‑quality office developments.

Overview

Loudon Plaza, located at 350-359 Northern Boulevard in Albany, NY, is a 59,379-square-foot mixed-use property featuring retail and office spaces. Situated at the border of Loudonville and Albany, the property provides access to I-90, I-787, and I-87. The building was renovated from 2017 to 2020, resulting in a modern, energy-efficient asset. The plaza is located adjacent to Albany Memorial Hospital and is surrounded by residential neighborhoods, retail, and office developments.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.32M	$22.20
− Vacancy	−$234.6k	−$3.95
EGI	$1.08M	$18.25
− OpEx	−$270.9k	−$4.56
NOI	$812.7k	$13.69

59,379 SF · lease $22.20/SF/yr · vacancy 17.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.61M

$10.16M – $13.54M (±1% cap)

NOI $812,679 @ 7.0% cap · market cap 6.77%

Second Best

Retail

$10.25M

$8.97M – $11.96M (±1% cap)

NOI $717,450 @ 7.0% cap · market cap 5.98%

Theoretical Best

Office A

$15.67M

$13.71M – $18.28M (±1% cap)

NOI $1,096,611 @ 7.0% cap · market cap 9.14%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Kriss Kriss Brignola Law Firm Levy David Law Firm SG Insurance Insurance Agency TSI Staffing Services Employment Agency Busy Day Courier Service

Suggested Use

Location Insight

Map
Local Demand

City: Albany
County: Albany
State: New York
Longitude: -73.753127
Latitude: 42.671175

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For sale
Mixed-use properties
NY
Albany
12204
350 Northern Blvd

What type of property is this?

Mixed-use property - Premier mixed-use retail and office property in Albany, NY.

Where is this mixed-use property located?

The property is located at 350 Northern Blvd Albany, NY.

What is the asking price?

The asking price for this property is $11,999,000.

What are key features of this property?

This property features: Premier mixed‑use retail and office property totaling 59,379 square feet.; Comprehensive renovation from 2017–2020 resulting in a modern, energy‑efficient, and low‑maintenance building.; Exceptional location at the border of Loudonville and Albany, NY.