$2,900,000
Albany, NY 12205
MLS# 202527361
65309 sqft
1 / 76
Property Description
Prime Albany Office Investment or Owner-User Opportunity! +/-65,309 SF Class B multi-tenant office building on +/-2.82 acres with 246 on-site parking spaces (4:1 ratio). Conveniently located minutes from I-90, Exit 5 (Everett Rd). Currently 33% occupied with +/-45,170 SF available for immediate use. Features include new roof (2024), passenger elevator, +/-1,600 SF residential penthouse, 3-phase/1600 AMP electrical service, MU-CH zoning, and CDTA bus access. Ideal for investors or owner-occupants seeking value-add potential. Offered at $2,900,000 ($44.40/SF).
Details
Maps
Contract Information
Status: Active
Property Sub Type: Office
Original List Price: 3250000
List Price: $2,900,000
Lease Considered: Yes
Listing Contract Date: 2025-10-07
Current Price: $2,900,000
List Price/SqFt: 44.4
List Price/Acres: 1028368.79
Location
Street Number: 32
Street Direction Prefix: N
Street Name: Russell
Street Suffix: Road
County: Albany
State/Province: NY
Postal Code: 12205
City/Town (Mail): Albany
Cross Street: Central Ave
Geo Lat: 42.683789
Geo Lon: -73.791172
Property Detail
Year Built: 1960
Stories: 3
Lot Size Square Feet: 122839
Zoning: Commercial
Lot Size Dimensions: 300x389
Lot Size Acres: 2.82
Building Area Total: 65309
Building Available SQFT: 45170
Parking Y/N: Yes
Financial Details
General Taxes: 102065.31
General Taxes Description: Actual
Building Detail
Fire Sprinkler System Y/N: No
Elevator #: 1
Elevator Description: Passenger
Building Ceiling Height: 8
Office Total SQFT: 65309
Office Available SQFT: 45170
Retail Available SQFT: 4002
Warehouse Available SQFT: 22848
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Parking Features
Parking Total: 246
Status Change Info
Status Change Date: 2025-10-08
Property Features
Architectural Style: Office
Basement: Finished; Full
Construction Materials: Block; Steel Beam
Cooling: Central Air
Current Use: Office
Electric: Three Phase
Flooring: Carpet; Vinyl
Heating: Forced Air; Natural Gas
Interior Features: Elevator
Listing Terms: Cash
Parking Features: Paved
Possession: At Closing
Possible Use: Hotel/Motel; Manufacturing; Office; Office Plus; Office/Retail; Office/Warehouse; Restaurant; Retail; Shopping Center; Warehouse; Automotive Sales; Fitness/Gym; House of Worship; Investment; Laundromat; Medical/Dental; Multi-Family; School Building; Self-Storage Facility; Subdividable
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Call Listing Agent
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of Carrow Real Estate Services LLC
Listing Agent: Rudy R Lynch
518-337-3705 | rudy@carrowrealestate.com
518-337-3705 | rudy@carrowrealestate.com
