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Single-Story Retail Suite
For Lease
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501 New Karner Rd, Albany, NY 12205

One-story retail space available with private parking for 15 vehicles.

Property Size800 SF
Days on Market598

Property Features for 501 New Karner Rd

General Information

Standard status Active
Size 800 SF
Total Parking Spaces 15
Property subtype RETAIL
Lease Type SF/mo

Building Details

Stories 1
Listing Agency: Falvey Real Estate Group
Listed By: Christopher J. Falvey · License #30FA1029996
Source: Moodyscre
Added: Dec 10, 2024 Changed: Jul 26 Last Checked: Jul 31 at 3:19AM

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 Falvey Real Estate Group

Investment Insights

Based on property information with market context.

This single-story commercial retail building offers an available suite of 800 square feet. The property is a larger one-building retail asset with private parking on site.

Parking is provided for up to 15 vehicles, making it suitable for customers and daily operations. The space is available for lease.

The building totals 70,000 square feet, with the available portion currently listed at 800 square feet.

Key Highlights

  • Commercial property with 1 story
  • Building totals 70,000 SF; 800 SF available for lease
  • One‑story retail space available

Property Analytics

Current Use

Cork & Bottle Wine ... Specialty Food Shop OOMDO Advertising Agency New Envy Nails ... Nail Salon Consumer Help 911 Law Firm Gadomski Therese M Physician

Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Repair Shop Plumbing Service (Bike/Boat/Book/etc) Store Locksmith

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
$2.54 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby
305
Monthly Visits Nearby

Foot Traffic Nearby

Home Improvements & Furnishings 100%
Bath Fitter Home Improvements & Furnishings
305 visits/mo 0.1 miles

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

$14.43 /SF/Yr
Avg Asking Price
$1.04–$34 /SF/Yr
Price Range
15,104 SF
Avg Space Size

This space is priced 17% above the average of $14.43 /SF/Yr.

Vacancy Rate% for Retail in Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - One-story retail space available with private parking for 15 vehicles.
Where is this retail space located?
The property is located at 501 New Karner Rd Albany, NY.
What is the lease rate?
The lease rate is $1,130 /Mo.
What are key features of this property?
This property features: Commercial property with 1 story; Building totals 70,000 SF; 800 SF available for lease; One‑story retail space available
(518) 452-3912 Call to check price and availability
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