Your email has been sent.
University Plaza 1225-1235 Western Ave 13,482 SF of Retail Space Available in Albany, NY 12203
Highlights
- Located steps from the University at Albany, ensuring a built-in consumer base.
- Ample on-site parking provides easy access for customers and staff.
- Convenient access to major highways and thoroughfares in Albany.
- Prominent frontage along Western Avenue with consistent daily traffic.
- Surrounded by established national retailers, restaurants, and service businesses.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 13,482 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
A rare opportunity of 13,482± SF former Rite Aid in one of Albany’s strongest neighborhood retail corridors. Located just steps from the main entrance to University at Albany, the property benefits from outstanding visibility, steady daily traffic, and a built-in customer base of students, faculty, area residents, and commuters. Surrounded by an established mix of national retailers, restaurants, and service-oriented businesses, this location offers the co-tenancy and convenience today’s retailers look for. The site features strong frontage along Western Avenue, ample parking, and easy access, making it an ideal fit for retail, medical, fitness, entertainment, or specialty users seeking a high-profile presence in a proven trade area.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Anchor Space
- Central Air and Heating
- Corner Space
- Secure Storage
- Common Parts WC Facilities
- Display Window
- Wheelchair Accessible
- High visibility and traffic location.
- Generous parking for employees and clients.
- Easy access to major highways and thoroughfares.
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Select Tenants at University Plaza
- Tenant
- Description
- US Locations
- Reach
- DiBella's Subs
- Sub Sandwich
- 39
- National
- Pet Supplies Plus
- Pet Shop/Supplies
- 712
- National
- PSP In Albany
- Health & Beauty Aids
- 1
- -
- Tai Chi Bubble Tea
- Retailer
- 1
- -
- Uncommon Grounds Coffee
- Restaurant
- 1
- -
- University Wine & Liquor
- Retailer
- 1
- Local
| Tenant | Description | US Locations | Reach |
| DiBella's Subs | Sub Sandwich | 39 | National |
| Pet Supplies Plus | Pet Shop/Supplies | 712 | National |
| PSP In Albany | Health & Beauty Aids | 1 | - |
| Tai Chi Bubble Tea | Retailer | 1 | - |
| Uncommon Grounds Coffee | Restaurant | 1 | - |
| University Wine & Liquor | Retailer | 1 | Local |
Property Facts
| Total Space Available | 13,482 SF | Total Land Area | 3.01 AC |
| Property Type | Retail | Year Built | 1996 |
| Property Subtype | Freestanding | Parking Ratio | 4.52/1,000 SF |
| Gross Leasable Area | 39,800 SF |
| Total Space Available | 13,482 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 39,800 SF |
| Total Land Area | 3.01 AC |
| Year Built | 1996 |
| Parking Ratio | 4.52/1,000 SF |
About the Property
This exceptional retail opportunity is located at 1225 Western Avenue, one of Albany’s most active neighborhood corridors. Positioned adjacent to the main entrance of the University at Albany, the property offers outstanding daily visibility and access to a steady flow of students, faculty, residents, and commuters. The site features a former Rite Aid space with generous frontage along Western Avenue, combining excellent exposure with convenient access. Surrounding national retailers, restaurants, and essential services create strong co-tenancy benefits for incoming tenants seeking an established trade area. Ample on-site parking supports customer and employee needs, while proximity to major thoroughfares facilitates connectivity across the Albany region. This location is ideally suited for retail, medical, fitness, entertainment, or specialty uses looking for a high-profile presence within a proven retail environment. Tenants benefit from strong traffic counts, excellent visibility, and an existing consumer base in one of the Capital District’s busiest corridors.
- Signage
Nearby Major Retailers
Presented by
University Plaza | 1225-1235 Western Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.