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1881 Western Ave

25,000 SF 100% Leased Office Building Albany, NY 12203 £2,738,575 (£110/SF)

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Investment Highlights

+/-25,085 SF multi-tenant office / retail building on +/-3.1 acres
18' clear ceiling height
113 on-site parking spaces

Located across from Pioneer Bank, Cumberland Farms, and Ace Hardware at signalized intersection
32,185 AADT

Executive Summary

+/-25,085 SF multi-tenant office / retail building on +/-3.1 acres located across from Pioneer Bank, Cumberland Farms, and Ace Hardware at signalized intersection just seconds from Crossgates Mall, Stuyvesant Plaza, and the University at Albany. 32,185 AADT. 18' clear ceiling height. Fully sprinklered. Municipal water & sewer. 113 on-site parking spaces (4.5 spaces per 1,000 SF). Originally constructed in 1972 as a grocery store and gut renovated and converted to multi-tenant office in 2006.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

25,000 SF

Building Class

Year Built/Renovated

1972/2007

Price

£2,738,575

Price Per SF

£110

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Typical Floor Size

25,000 SF

Building FAR

0.19

Lot Size

3.10 AC

Zoning

LB - Local Business

Parking

113 Spaces (4.52 Spaces per 1,000 SF Leased)

Amenities

Bus Route

Signage

Space Availability

1st Floor
2,586-15,041 SF
Office
Partial Build-Out
30 Days

The property at 1881 Western Ave, Albany, NY 12203 is available for lease. This commercial space is located in a high-traffic area, offering excellent visibility and accessibility. The property features modern facilities and ample parking, making it an ideal location for a variety of business uses, including retail, office, or service-oriented enterprises. With flexible lease terms available, this space provides a great opportunity for businesses looking to establish or expand their presence in Albany. For more details, you can contact the leasing agent or visit the property listing on the real estate website.