175 Central AveAlbany, NY 12206

Property Details for 175 Central Ave

Year built

1940

Lot size

0.27 AC

Property size (Sq ft)

46,768 SF

Zone code

C3

Property type

Office properties

Property subtype

Office buildings

APN

010100 65.63-5-57

APU

101006563557

Description

This exceptional opportunity presents multiple office suites for lease within a well-established five-story building situated at 175 Central Ave, Albany, NY 12206, in Albany County. The building, constructed in 1940, offers a total of 45,000 square feet of space, divided into four individual suites. Currently, 15,330 square feet are available for lease, with a minimum leasable space of 482 square feet and a maximum of 9,000 square feet. The building boasts a traditional office layout, ideal for a variety of businesses. Ample parking is provided with 75 spaces available for tenants. This location offers convenient access to the city's amenities and infrastructure, making it an attractive option for businesses seeking a well-established and accessible office space in Albany, New York. The building's classic architecture blends seamlessly with the vibrant urban landscape, providing a professional and welcoming environment. The available suites offer flexibility in size, catering to businesses of various scales and needs. Interested parties are encouraged to inquire about lease terms and suite availability.

• CAP approach

  CAP return

  Valuation

  6%

  $11,617,896

  6.5%

  $10,724,212

  7%

  $9,958,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,151,781

  Geo Method

  $6,110,707

• Alternative Use

  Use

  Valuation

  Residential

  $13,298,023

  Hospitality

  $12,180,917

  Educational

  $10,134,380

  Medical

  $10,482,917

  Retail

  $15,764,591

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.6617

Longitude

-73.7684

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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