$3,250,000
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 $3,250,000 ($49.76/SF).
Details
Maps
Contract Information
Original List Price: 3250000
Lease Considered: Yes
List Price/SqFt: 49.76
List Price/Acres: 1152482.27
Status: Active
Property Sub Type: Office
List Price: $3,250,000
Listing Contract Date: 2025-10-07
Current Price: $3,250,000
Location
City/Town (Mail): Albany
Cross Street: Central Ave
Street Number: 32
Street Direction Prefix: N
Street Name: Russell
Street Suffix: Road
County: Albany
State/Province: NY
Postal Code: 12205
Geo Lat: 42.683789
Geo Lon: -73.791172
Property Detail
Stories: 3
Parking Y/N: Yes
Lot Size Square Feet: 122839
Zoning: Commercial
Lot Size Dimensions: 300x389
Lot Size Acres: 2.82
Building Area Total: 65309
Building Available SQFT: 45170
Year Built: 1960
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 53.67-1-4
Tax Annual Amount: 102065
Tax Section: 53.67
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 4
Directions & Remarks
Directions: Central Ave to North Russell Road
Public Remarks: 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 $3,250,000 ($49.76/SF).
Sewer
Public Sewer: 1
Current Use
Office: 1
Architectural Style
Office: 1
Electric
Three Phase: 1
Financial Details
General Taxes: 102065.31
General Taxes Description: Actual
Cooling
Central Air: 1
Listing Terms
Cash: 1
Basement
Finished: 1
Full: 1
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
Construction Materials
Block: 1
Steel Beam: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Flooring
Carpet: 1
Vinyl: 1
Showing Requirements
Agent to Accompany: 1
Call Listing Agent: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Interior Features
Elevator: 1
Parking Features
Parking Total: 246
Paved: 1
Possible Use
Hotel/Motel: 1
Manufacturing: 1
Office: 1
Office Plus: 1
Office/Retail: 1
Office/Warehouse: 1
Restaurant: 1
Retail: 1
Shopping Center: 1
Warehouse: 1
Automotive Sales: 1
Fitness/Gym: 1
House of Worship: 1
Investment: 1
Laundromat: 1
Medical/Dental: 1
Multi-Family: 1
School Building: 1
Self-Storage Facility: 1
Subdividable: 1
Sale Includes
Building & Land: 1
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
