For Lease
Property summary
This exceptional two-story, 34,132-square-foot office building at 145 Central Avenue in Albany, New York, presents a unique owner-user opportunity. The property boasts approximately 18,000 square feet of improved first-floor office space, complemented by roughly 16,000 square feet of lower-level storage. A significant advantage is the inclusion of a private, gated parking lot accommodating approximately 50 vehicles, located at 106 Central Avenue. The building features a freight elevator and 6-inch raised flooring throughout the main level. Its prime location along Central Avenue (Route 5), a major commercial artery, ensures high visibility and accessibility. The property benefits from proximity to key amenities, including a CDTA bus stop (routes 1, 803, and 807) approximately 354 feet away, Albany Medical Center (1.1 miles), and the Empire State Plaza (1.1 miles). Furthermore, it enjoys convenient access to I-90 (Exit 6, 1.3 miles away), and benefits from a high average annual daily traffic count of 15,986 vehicles. The property is zoned for mixed-use development under a form-based zoning code. Offered at $1,685,000 ($49.37/sq ft).
Property profile
VerifiedCap rate & NOI
Current use
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Government Office
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General Contractor Construction Company
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
C3 · Albany, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for C3 in Albany, NY.
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