Positioned along a high-visibility corridor in Colonie, this well-maintained mixed-use property delivers immediate cash flow with clear value-add upside. The asset features two street-level commercial spaces with long-term tenants, four one-bedroom apartments, one studio apartment, and a three-bay garage, all supported by ample off-street parking, a rare combination in this location! The building has been consistently rented, reflecting durable tenant demand. Current rents are below market, presenting a compelling opportunity for an investor to drive NOI through strategic rent optimization while maintaining stability. The roof was replaced approximately ten years ago and the studio was recently renovated. Total annual rents currently total $61,920 with yearly expenses around $15,000 making the NOI approx $46,920 and a 7.1% Cap rate! Coin Laundry washer and dryer on Premises!
Established bar and music venue located in the heart of Albany. Features include a full kitchen with professional-grade stove and cooktop. The space offers a 27-foot bar with bar seating, built-in tables, and an approved occupancy of 75. Additional income is generated from two apartments above the bar.
Prime office/retail space available on Western Avenue, ideally located just minutes from Crossgates Mall, major hotels, and key highway access points. This highly visible corridor offers strong traffic counts and excellent connectivity for clients and employees. The suite provides a flexible layout suitable for a variety of small businesses, professional services, or boutique retail users. A perfect opportunity to establish or relocate your business in a well-traveled, convenient Albany location. Modified gross lease, tenant pays base rent + utilities.
Great opportunity - Location, Location, Location! Total of +/-3000SF in Albany but also close proximity to Colonie/Guilderland visible to Washington Ave Extension. See floorplan in docs, +/-3000sf is 9 rooms, 1 conference room, kitchenette and 2 bath. Asking 3 year term: $1800/mo year 1; $2100/mo year 2; $2400/mo year 3; gross + utilities. Ample parking. Priced as-is
Courtesy: B2B Real Estate Group Inc
347-517-8828
Albany Plaza is a fully operational, independently run full-service hotel comprising 215 guest rooms situated on a 5.40-acre site at 3 Watervliet Avenue Extension, Albany, NY. The property contains approximately 115,304 square feet, consisting of a 9-story main tower and a 2-story rear building, supported by a surface parking lot with over 300 parking spaces. The hotel is currently operated independently (non-franchised), providing immediate operational continuity while also allowing flexibility for rebranding, soft-brand affiliation, or continued independent ownership, subject to buyer preference. Strategically positioned with convenient access to Interstate 90, the property is minutes from Downtown Albany, the New York State Capitol, University at Albany (SUNY), major medical centers, and regional employment centers, offering strong accessibility and visibility. Existing improvements include meeting and event space, restaurant and bar areas, indoor and outdoor pools, fitness center, business center, elevators, and additional ancillary facilities. Zoned C-2 Highway Business, the site offers potential for continued hospitality use or alternative commercial or institutional uses, subject to zoning and required approvals. The property is non-union and offered as-is. Tours by appointment only. Do not disturb on-site operations or staff. Additional information available upon request to qualified parties.
Great opportunity to own a fully turnkey pizzeria with a completely equipped commercial kitchen in the heart of downtown Albany! All equipment is brand new, making this a true move-in-ready operation. Gas, electric, and water are included in the rent. This high-visibility location benefits from heavy foot traffic and is situated within two blocks of City Hall and NYS Capitol Buildings. Seats up to 100 guests with a high-efficiency layout and equipment suitable for breakfast, lunch, and dinner service. Significant potential to grow business by adding online ordering apps and delivery services such as DoorDash and GrubHub. A built-in customer base driven by downtown Albany's daytime office population and evening nightlife, with interior accessibility from 99 Pine Street providing direct access to on-site office and residential tenants. Surrounded by businesses, hotels, offices, and ongoing development, do not miss this rare opportunity to acquire a thriving pizzeria in a high-demand, high-exposure area!
Opportunity awaits as this commercial mixed-use building located in a highly desirable area of Albany hits the market! Currently this building has multiple apartments in it along with an auto repair shop ( Hurks Transmission) This building is mixed used so possibilities are endless here. Sale includes two properties. 380 Madison Ave (76.31-3-20) and neighboring lot (76.31-3-27).
Discover exceptional flexibility and visibility in this versatile mixed-use property located in the vibrant Pine Hills area of Albany. Featuring an expansive open floor plan, private parking and steady foot traffic- this space offers endless potential for retail, office, studio, or creative use. The second floor offers a beautiful two bedroom apartment with natural light and gleaming hardwood floors. The third floor could be finished to increase square footage & cash flow opportunity.
Position your business along one of the Capital Region's most traveled corridors. This available space at 1971 Western Ave offers exceptional visibility, easy access, and a professional setting ideal for a wide range of office or service-based tenants. The space features a clean, flexible layout that can be adapted to meet your operational needs. Large front-facing windows provide natural light and strong street presence, while ample parking ensures convenience for both clients and staff. Located minutes from major retail, dining, and residential neighborhoods, the property delivers the daily traffic and accessibility businesses rely on. Whether you're expanding or relocating, 1971 Western Ave offers a well-situated, move-in-ready environment designed to support growth.
FOR LEASE - 1865 Central Avenue, Albany, NY This ±3,000 SF freestanding commercial building is available for lease and offers a highly flexible layout with excellent visibility along Central Avenue (NY-5), one of Albany's busiest commercial corridors with strong daily traffic counts. Situated on a ±0.65-acre lot, the property provides generous on-site parking at approximately 4.7 spaces per 1,000 SF and additional room for outdoor display or potential expansion. Multiple entrances and a rear overhead door allow for versatile access, supporting a range of operational needs. Zoned COR, the building is well-suited for retail, service, showroom, or light industrial users seeking a high-exposure location with convenient access and strong surrounding commercial activity.
Unique city property consisting of 21 bays of garages zoned Warehouse Industrial. Property has frontage on Osborne St and Catherine St. Concrete block construction. All garage bays separated by concrete block walls. Electric in each bay. Smallest bays are approximately 8' W x 20' D. Larger bays are about 10 1/2' W x 24' D x 9' H. Garages were rented for several years generating a great income for owner. The property needs work to bring it back to its glory days. Listing agent is owner.
Seize this VERY rare opportunity to own a remarkable & versatile ~43,520 sq ft commercial prop on Albany's bustling Central Ave. This prop offers a multitude of spaces designed to cater to diverse needs. INCLUDES 12+ space parking lot. This expansive building features storefront space & robust road frontage/ fantastic visibility. Inside, a massive office area inc. common spaces, offices, conf. rooms & restrooms, all poised to shine with cosmetic enhancement. At the rear, sits a large warehouse equipped with two loading areas. Above main space, a studded apartment offers a blank canvas. Also included is a multi office space/lounge area(2nd fl). Above warehouse, a former dry-cleaning space awaits its next phase. A don't miss opportunity! See virtual tour. Sold as-is.
Prime high volume traffic pattern, corner location, has operated as a very successful auto sales location for the past 25 years, very clean well kept location with (2 )10 ft. garage bays, office and restroom. the paved lot has room for 25+ vehicles. Zoned industrial, that can be used for many different types of businesses! Showings for pre qualified buyers only, Possible lease option or seller financing for qualified buyers.
Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a great investment.
Come see this unique and interesting property! Originally constructed as a bank in 1926, this was property was purchased and converted in 2002 into one of the City of Albany's premier performing arts and events spaces. Zoning and building technical specificities indicate that use of the property as/for any civic or institutional, office or retail use are highly feasible.
Business Only For Sale. Thriving Pediatric Practice in Albany, NY. Patients from the Capital District and many counties beyond. $300,000 includes business, equipment, medical furniture, supplies, and patients. Building available for an additional $350,000. Business must sell first. Building is not available unless sold with the practice, or after practice is sold first.
Incredible Commercial Opportunity in Prime Albany Location! This listing includes 14, 16, and 18 Rapp Rd, totaling 1.28 acres of highly visible and accessible land located just off Washington Ave Ext and minutes from Crossgates Mall, I-87, and I-90. Zoned Commercial/General Business (GB), this property supports a wide variety of development options including retail, office, mixed-use, medical, or hospitality. The existing home at 14 Rapp is a tear-down, giving way to a clean redevelopment slate. With major national retailers, hotels, and offices nearby, this site is perfectly positioned to capitalize on high traffic and area growth. Municipal utilities available at the street. A true investment in Albany's future—bring your site plan and start building!
Last used as a church. Office and open space on first floor and kitchen and open area on 2nd. There are 2 bathrooms. With over 4000 sf of space its just up to your imagination. Turn into an office or convert to multifamily. Space enough for 4units . This will need to be a cash sale or rehab loan.
Prime 1,150 SF lease space available for $1,750 per month. This open-concept layout offers flexibility for retail, office, or studio use, with recent updates that create a modern and professional look. Located just minutes from I-87 and I-787, this property provides excellent accessibility and convenience. It's also on the bus route, making it easily reachable for customers and employees alike. Enjoy high visibility and heavy traffic counts, ensuring strong exposure for your business. Surrounded by a vibrant mix of shops, dining, and entertainment, this location offers an energetic atmosphere and strong local foot traffic — an ideal setting to grow your business.
Completely renovated ±2,169 SF stand-alone office/retail building on high-traffic Wolf Rd, just off I-87 Exit 4 and minutes from Albany Airport. Modern layout includes 4 private offices, conference room, open work area, kitchenette, and 2 updated restrooms. New HVAC, new finishes, and move-in ready condition. Detached two-bay garage and ample on-site parking included. Exceptional visibility with signage opportunity. Ideal for professional office, medical, or service retail use. Lease rate: $21.00/SF plus utilities ($3,795/month). Flexible terms. A must-see opportunity in a prime Colonie location!
Prime location on Central Ave in Colonie. Currently being used as a church 1312 Central Ave which was built in 1975. The Lots are Zoned NCOR. Neighboring property 1314 Central Ave recently listed creating possible development site. First floor sanctuary, common space, two office, and two bath rooms. Second floor has 2 bathrooms and 6 classrooms. Taxes are based on 50% o assessors opinion of total assessment
Welcome to this stunning brick church, originally built in 1916 and thoughtfully updated for modern use. Ideally situated just off Central Avenue in Albany, this prime property offers over 20,000 square feet of beautifully finished space. Recent upgrades include a brand-new roof (2025), remodeled bathrooms, new flooring, updated carpeting, and more—making this a true turn-key opportunity. The sanctuary boasts a seating capacity of up to 400, with over 20 versatile rooms throughout the building, including offices, classrooms, and meeting spaces. The property also features a full commercial kitchen and a second, standard kitchen on the upper level, offering exceptional functionality for a variety of uses. Ample off-street parking is available for 50+ vehicles, with additional on-street parking nearby. Whether you're looking for a worship space, community center, or event venue, this historic yet updated property is the one you've been waiting for.
Looking for the perfect location to launch or grow your small business? 1361 Central Ave offers unbeatable visibility and foot traffic in the heart of one of Albany's busiest corridors. Conveniently situated between Colonie Center Mall, Colonie Central High School, and SUNY Albany, this versatile property is ideal for a variety of uses, including: Barbershop or Hair Salon Nail Spa or Beauty Services Insurance or Real Estate Office Bakery, Café, or Takeout Eatery Retail Boutique or Studio Space Previously used as a tombstone retail business, the space is now a blank slate — a completely open layout that can be customized to fit your vision. Key Features: High-traffic location on Central Ave Excellent street visibility Open floor plan — easy to renovate or build to suit Flexible commercial zoning Whether you're starting fresh or expanding your business, 1361 Central Ave offers the visibility, flexibility, and location to help you succeed. Can be sold with 3 other lots if interested in a larger commercial development in prime location.
+/- 3,200 sf former El Loco property for sale. Property consists of turnkey restaurant on the ground floor with two 1-bedroom apartments above. This iconic location at the intersection of Lark Street and Madison Avenue provides excellent retail exposure and visibility. Opportunity to drive value through increasing below market rents. Property can be delivered vacant making it a perfect opportunity for an owner occupier.
Here's a great opportunity to own both the real estate and business. This well-established, successful corner store and restaurant sits just off Madison Avenue in a busy Albany neighborhood, close to Washington Park and the University at Albany. The property comes with a full commercial kitchen with proper venting, recent upgrades throughout, and strong potential for continued growth. Perfect for an owner-operator or investor looking for a solid business in a prime location.
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Albany is located in New York. Albany, New York has a population of 99,402. Albany is less family-centric than the surrounding county with 19.68% of the households containing married families with children. The county average for households married with children is 27.09%.
The median household income in Albany, New York is $52,583. The median household income for the surrounding county is $73,810 compared to the national median of $69,021. The median age of people living in Albany is 31.6 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.5 degrees. The average rainfall is approximately 39.5 inches per year, with 51.6 inches of snow per year.
