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Investment Highlights
- 225a/120v/3p power
- Includes 750 SF garage/storage area with 10-foot ceiling clearance.
- 0.66-acre lot offering 29 surface parking spaces and easy access to Albany International Airport.
- Single-story masonry construction with atrium and air conditioning.
- Located in the high-traffic Central Avenue Corridor with strong visibility.
- Zoned 04-Farm, Warehouse, and Office for flexible use options.
Executive Summary
This single-story masonry building offers a versatile opportunity for an owner-user or investor at a sale price of $755,000. The property spans 10,944 SF and is currently occupied by the Girl Scouts as the main tenant, who will vacate upon sale, providing flexibility for future use. Zoned 04-Farm, Warehouse, and Office, the building accommodates a range of business operations.
The asset features an atrium and air conditioning, supported by four gas-fired RTUs for efficient HVAC. Electrical service includes 225a/120v/3p power, and the property incorporates a 750 SF garage/storage area with a 10-foot ceiling (11’10” to deck above). Situated on a 0.66-acre lot with 29 surface parking spaces, the location benefits from high visibility along the Central Avenue Corridor, a major traffic route in Colonie.
With a Walk Score of 74, the site is highly accessible and just 12 minutes from Albany International Airport, enhancing connectivity for regional and national business needs.
This property combines functional design with a strong location advantage, making it a compelling acquisition for businesses seeking operational space or investors targeting stable long-term value.
The asset features an atrium and air conditioning, supported by four gas-fired RTUs for efficient HVAC. Electrical service includes 225a/120v/3p power, and the property incorporates a 750 SF garage/storage area with a 10-foot ceiling (11’10” to deck above). Situated on a 0.66-acre lot with 29 surface parking spaces, the location benefits from high visibility along the Central Avenue Corridor, a major traffic route in Colonie.
With a Walk Score of 74, the site is highly accessible and just 12 minutes from Albany International Airport, enhancing connectivity for regional and national business needs.
This property combines functional design with a strong location advantage, making it a compelling acquisition for businesses seeking operational space or investors targeting stable long-term value.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,944 SF
Building Class
C
Year Built
1969
Price
$755,000
Price Per SF
$68.99
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,944 SF
Slab To Slab
11’
Building FAR
0.38
Lot Size
0.66 AC
Zoning
04 - FARM - WAREHOUSE&OFFICE N-14 E-MT VIEW AVE X-80-01
Parking
20 Spaces (1.83 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Services
- -
- -
- -
Girl Scouts of the USA began in 1912, when Juliette Gordon Low organized the first troop in Savannah, Georgia, and the organization later became a congressionally chartered nonprofit youth organization. Girl Scouts of the USA serves girls in the United States and American girls living abroad through programs that emphasize leadership development, camping, community service, badges, and practical skills. Girl Scouting is a girl-led experience centered on courage, confidence, character, and hands-on learning, with activities that encourage members to explore interests and take action in their communities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Services | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 012689-042-003-0002-044-000-0000 | Improvements Assessment | $566,000 |
| Land Assessment | $134,000 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
012689-042-003-0002-044-000-0000
Land Assessment
$134,000
Improvements Assessment
$566,000
Total Assessment
$700,000
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