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Office Suite with Private Offices

7 Hemphill Place #232, Malta, NY 12020

For Lease
Contact for pricing

Second-floor walk-up space combines enclosed offices, a conference room, reception, and a bullpen area.

Space SizeContact for details
Property Size7,332 SF
Days on Market1088

Property Features for 7 Hemphill Place #232

General Information

Standard status Active
Size 7,332 SF
Total Parking Spaces 8
Zoning Commercial

Space & Availability

Floor 2
Space Use Office
Private Offices 3
Meeting Rooms 1

Lease Terms

Lease Rate $2,251 /MO
Total Rate $2,251
Monthly Rent $2,251
Utilities Included in Rent unspecified utilities

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $15,743

Building Details

Building Size 7,332 SF
Year Built 1989
Buildings 1
Stories 2
Listing Agency: Howard Hanna Capital Inc
Listed By: Joel A Koval · License #30KO0886220
Source: Chadmajewski
Added: Nov 15, 2023 Changed: Nov 4 Last Checked: Nov 6 at 3:53AM

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 Howard Hanna Capital Inc

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The second-floor walk-up suite is configured with three private offices, a conference room, a reception area, and a small bullpen. Utilities are included in the lease.

At 7 Hemphill Place in Malta, the property offers access to I-97 and is a short distance from Global Foundries. Bentley’s, the Malta Post Office, and the Ugly Rooster are within walking distance.

Key Highlights

  • Three private offices, a conference room, reception area, and small bullpen
  • Second‑floor walk‑up space
  • Utilities included in the lease

Property Analytics

Current Use

Capital Area Physical ... Physician Saratoga Psychiatric Wellness Crisis Center Empire Building Products ... Hardware & Home Improvement Amanda Cocozzo Physician Lisa Bodratti Physician

Suggested Use

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

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$0.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

610
Businesses Nearby

Demographics for 12020, NY

34,667
Population
15,787
Households
2.2
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
75.6 sq mi
ZIP Area
459
Density / Sq Mi
$101,727
Median Household Income
$59,730
Median Earnings
$1,562
Median Rent
$299,600
Median Home Value

Market

Lease Benchmarks for Malta, NY

$16.78 /SF/Yr
Avg Asking Price
$15–$19.8 /SF/Yr
Price Range
3,607 SF
Avg Space Size

This space is priced 78% below the average of $16.78 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Saratoga County, NY

$12.51 Jul
$14.04 Aug
$14.12 Sep
$15.32 Oct

Properties on Market for Office Units in Saratoga County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Second-floor walk-up space combines enclosed offices, a conference room, reception, and a bullpen area.
Where is this office unit located?
The property is located at 7 Hemphill Place #232 Malta, NY.
What are key features of this property?
This property features: Three private offices, a conference room, reception area, and small bullpen; Second‑floor walk‑up space; Utilities included in the lease
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