Albany, NY Shopping Centers for Sale

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Rensselaer, NY East Greenbush, NY Troy, NY

Updated: Mar 25

Loudon Plaza Mixed-Use Property

359 Northern Boulevard, Albany, NY 12204

$11,999,000

59,379 sqft

Fully renovated (2017‑2020) mixed‑use retail and office property.
100% occupied retail plaza with long‑term tenants providing stable cash flow.
Premier location at the border of Loudonville and Albany, NY, with immediate access to I‑90, I‑787, and I‑87.
Balanced income stream from ±25,817 SF of retail/restaurant/service space and ±33,562 SF of office suites.
Approximately 300 parking spaces available.

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This listing looks promising.

Here's a quick look at some key insights for

359 Northern Boulevard, Albany, NY, 12204

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Est. Cap Rate

5.8%
NOI ÷ price
Est. NOI

$700K
Annual
Mortgage

$7.2M
Aug 2017
Last Sold

Jul 2017
$1.75M
Property Type

Neighborhood: Shopping Center, Strip Center, Enterprise Zone
Built 1953

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Updated: Nov 27, 2025

Retail Space Near Interstate 87

1 N Russell Rd, Albany, NY

$4,500,000

82,944 sqft · 15.95 AC lot

Easily accessible off Interstate 87, Exit 2E.
Join Best Fitness, ROSS, Advanced Auto, Wingstop, City Trends, Dollar Tree, Rainbow Stores, and more!

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Thirteen Tenant Plaza For Sale

644 Loudon Road, Colonie, NY 12110

$3,900,000

15,375 sqft

Thirteen tenant plaza with retail and apartment units.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Albany, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail/Office Plaza with Warehouse Unit

600 Violet Avenue, Hyde Park, NY 12538

$1,250,000

11,255 sqft · 1.40 AC lot

11,255 SF plaza on State Route 9G with 95 feet frontage, leased units, and an overhead-door warehouse space.

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Mixed-Use Plaza with Apartments

1229 Route 9G, Hyde Park, NY 12538

$1,950,000

2.70 AC lot

Mixed-use plaza with apartments and farmhouse in Hyde Park.

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Retail Property Near Major Anchors

4999 State Hwy 30, Amsterdam, NY

$4,700,000

14,550 sqft · 4.83 AC lot

Retail property in a prime location near major retailers.

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Retail Property With Long-Term Tenants

4803 State Hwy 30, Amsterdam, NY

$2,600,000

15,600 sqft · 1.40 AC lot

Retail property featuring a strong tenant mix and excellent location.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Herkimer Commercial Land For Sale

180 Lowes Blvd, Herkimer, NY 13350

$250,000

5.90 AC lot

5.9 acres of prime commercial land in Herkimer, NY.

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Five Acre Commercial Corner

214 Feeding Hills Rd, Southwick, MA 1077

$851,000

5.00 AC lot

Commercial land with development potential on a corner lot.

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Napanoch Development Opportunity on Route 209

7410 US RT-209, Napanoch, NY 12458

$1,095,000

6,000 sqft · 5.90 AC lot

5.9 acre mixed-use development parcel with high visibility and traffic.

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Commercial Land in Growing Area

1122 State Route 52, Loch Sheldrake, NY 12759

$750,000

1.05 AC lot

1.05 acres of commercial land ready for development.

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Off-Market Properties in Albany, NY

Consider similar Off-Market properties in Albany, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MINI-MALL

1 Crossgates Mall Rd, Albany, NY 12203-5368

$595,000

Estimated value

105,582 sqft · 8.40 AC lot

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REGIONAL SHOPPING CENTER, MALL

1 Crossgates Mall Rd, Albany, NY 12203-5368

$8,150,000

Estimated value

812,458 sqft · 38.74 AC lot

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REGIONAL SHOPPING CENTER, MALL

1425 Central Ave, Albany, NY 12205-5027

$28,000,000

Estimated value

269,366 sqft · 20.70 AC lot

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SHOPPING CENTER, STRIP CENTER

79 Wolf Rd, Albany, NY 12205-2613

$4,575,000

Estimated value

21,872 sqft · 2.33 AC lot

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SHOPPING CENTER, STRIP CENTER

900 Central Ave, Albany, NY 12206-1302

$8,515,000

Estimated value

136,744 sqft · 6.12 AC lot

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MINI-MALL

153 Pearl St, Albany, NY 12202-1804

$710,000

Estimated value

23,128 sqft · 0.26 AC lot

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SHOPPING CENTER, STRIP CENTER

415 Whitehall Rd, Albany, NY 12208-1750

$1,115,000

Estimated value

18,368 sqft · 1.21 AC lot

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REGIONAL SHOPPING CENTER, MALL

1 Crossgates Mall Rd, Albany, NY 12203-5368

$885,000

Estimated value

200,254 sqft · 11.99 AC lot

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MINI-MALL

20 Wolf Rd, Albany, NY 12205-2603

Value Estimation by Request

30,133 sqft · 2.10 AC lot

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SHOPPING CENTER, STRIP CENTER

1801 Western Ave, Albany, NY 12203-4600

Value Estimation by Request

5,486 sqft · 0.69 AC lot

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REGIONAL SHOPPING CENTER, MALL

1475 Western Ave, Albany, NY 12203-3520

$1,955,000

Estimated value

175,587 sqft · 20.14 AC lot

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SHOPPING CENTER, STRIP CENTER

359 Northern Blvd, Albany, NY 12204

Value Estimation by Request

61,044 sqft · 3.25 AC lot

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MINI-MALL

1390 Central Ave, Albany, NY 12205-5115

Value Estimation by Request

13,416 sqft · 1.12 AC lot

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MINI-MALL

38 Wolf Rd, Albany, NY 12205-2603

Value Estimation by Request

44,164 sqft · 5.00 AC lot

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SHOPPING CENTER, STRIP CENTER

144 Wolf Rd, Albany, NY 12205-1115

Value Estimation by Request

5,952 sqft · 6.41 AC lot

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REGIONAL SHOPPING CENTER, MALL

1 Crossgates Mall Rd, Albany, NY 12203-5368

$6,055,000

Estimated value

561,128 sqft · 33.58 AC lot

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SHOPPING CENTER, STRIP CENTER

1800 Western Ave, Albany, NY 12203-4650

Value Estimation by Request

19,173 sqft · 2.14 AC lot

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MINI-MALL

1969 Central Ave, Albany, NY 12205

Value Estimation by Request

37,547 sqft · 4.80 AC lot

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MINI-MALL

1787 Central Ave, Albany, NY 12205

Value Estimation by Request

14,820 sqft · 1.68 AC lot

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MINI-MALL

1482 Central Ave, Albany, NY 12205-5056

$695,000

Estimated value

138,511 sqft · 14.45 AC lot

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REGIONAL SHOPPING CENTER, MALL

1440 Central Ave, Albany, NY 12205-5118

Value Estimation by Request

12,768 sqft · 19.01 AC lot

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Albany, NY Shopping Centers Market Trends and Statistics

Explore 72 shopping centers for sale in Albany, NY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 157,698 square feet of properties for sale, with an estimated market value of $20,399,000.

Sale prices for plazas in Albany, NY start at $3,900,000, averaging $6,799,666, and reaching up to $11,999,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 155K

Population Growth (5Y) +6.9%

Median Household Income $76,899

College Educated 13.9%

High-Yield Neighborhoods for Investment

Identify Albany submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
12204	$12M

Listings Trend

New vs delisted commercial listings in Albany County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Albany County

Retail

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Albany fall within the 100,000+ square foot range.

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Albany, NY Shopping Centers for Sale

359 Northern Boulevard, Albany, NY 12204

1 N Russell Rd, Albany, NY

644 Loudon Road, Colonie, NY 12110

Opportunities in Nearby Cities

600 Violet Avenue, Hyde Park, NY 12538

1229 Route 9G, Hyde Park, NY 12538

4999 State Hwy 30, Amsterdam, NY

4803 State Hwy 30, Amsterdam, NY

Potential Development Sites for Consideration

180 Lowes Blvd, Herkimer, NY 13350

214 Feeding Hills Rd, Southwick, MA 1077

7410 US RT-209, Napanoch, NY 12458

1122 State Route 52, Loch Sheldrake, NY 12759

Off-Market Properties in Albany, NY

1 Crossgates Mall Rd, Albany, NY 12203-5368

1 Crossgates Mall Rd, Albany, NY 12203-5368

1425 Central Ave, Albany, NY 12205-5027

79 Wolf Rd, Albany, NY 12205-2613

900 Central Ave, Albany, NY 12206-1302

153 Pearl St, Albany, NY 12202-1804

415 Whitehall Rd, Albany, NY 12208-1750

1 Crossgates Mall Rd, Albany, NY 12203-5368

20 Wolf Rd, Albany, NY 12205-2603

1801 Western Ave, Albany, NY 12203-4600

1475 Western Ave, Albany, NY 12203-3520

359 Northern Blvd, Albany, NY 12204

1390 Central Ave, Albany, NY 12205-5115

38 Wolf Rd, Albany, NY 12205-2603

144 Wolf Rd, Albany, NY 12205-1115

1 Crossgates Mall Rd, Albany, NY 12203-5368

1800 Western Ave, Albany, NY 12203-4650

1969 Central Ave, Albany, NY 12205

1787 Central Ave, Albany, NY 12205

1482 Central Ave, Albany, NY 12205-5056

1440 Central Ave, Albany, NY 12205-5118

Albany, NY Shopping Centers Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Retail

Residential Income

Property Size Breakdown

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