View All Latest Albany 7500+ Sq. Ft. Properties for Sale

202628832 MLS

Development opportunity! Prime Albany Mixed-Use Investment Opportunity: In-Place Income + Approved 18-Unit Residential Development w/ building permit in place, ready for work to begin. Fully leased commercial space providing strong, reliable in-place income, fully approved for 18 unit residential development. Conveniently located close to bus line, close proximately to highways, downtown, hospitals, grocery stores and so much more. Call owner directly for details & showings 518-857-0678

226 N Allen Street, Albany

$1,150,000

12 Beds ⋅ 6 Baths ⋅ 202628618 MLS

Excellent opportunity to acquire a 6-unit multifamily portfolio with an adjoining vacant lot in the heart of downtown Albany! Featuring two three-family buildings at 341 and 364 Madison Avenue, this investment offers a desirable mix of newer construction and updated apartments. 364 Madison, built in 2020, features spacious modern layouts, open-concept living, contemporary kitchens, central air, and in-unit laundry. Both properties offer strong rental income and attractive layouts in a highly desirable downtown location. The adjoining vacant lot at 366 Madison provides additional flexibility and potential. Conveniently located near the NYS Capitol, Empire State Plaza, restaurants, and downtown amenities. Portfolio sale only!

364-366 Madison Avenue, Albany

$899,000

202628237 MLS

713-715 Third Avenue is a contiguous two-parcel commercial/industrial buildings strategically positioned along Third Avenue/NY Route 32, this offering combines an established manufacturing facility, a separate storage/warehouse building, substantial paved area, and two contiguous tax parcels. The assemblage offers an opportunity for continued owner-user occupancy, investment repositioning, or future redevelopment subject to municipal approvals. Parcel ID's- 44.42-1-38 and 44.42-1-39.

713 3rd Avenue, Watervliet

$779,999

202627839 MLS

Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker. Rare owner-user opportunity in the New Karner Road office corridor, Town of Colonie. This 12,200 SF two-story brick building, built in 1993 and elevator served, delivers 5,600 SF of contiguous second floor space vacant at closing. Suites 201 (1,400 SF) and 202 (4,200 SF) convey broom clean, giving an occupant nearly half the building at a $63.93/SF basis. Three fixed-term leases remain in place through 2027 and 2029, and current ownership will lease back Suite 102 (2,800 SF), offsetting operating cost from day one. Documented 2025 operating expenses of $85,021, or $6.97/SF. 46 private paved spaces, 3.8 per 1,000 SF. Minutes to I-87, I-90, Wolf Road and Albany International Airport. Financials available under NDA. Contact listing broker.

409 New Karner Road, Albany

$8,489,000

202627830 MLS

Exceptional opportunity to acquire a +/-90,000 SF Class A office building in Downtown Albany. Built in 1999, the four-story property features efficient +/-22,500 SF floor plates, a traditional office buildout with private offices, open work areas and numerous conference rooms, plus a full cafeteria, fitness center and locker rooms. The property includes a 392-space gated parking lot (4.36 spaces/1,000 SF), two passenger elevators, one freight elevator and a loading dock. Excellent visibility from I-787 with approximately 88,000 vehicles per day and convenient interstate access. Situated on +/-4.0 acres with MU-CU zoning and adjacent to the recently constructed Hyatt Place. Expansive views of the Hudson River and Downtown Albany. Offered at $8,489,000 ($94.32/SF), significantly below replacement cost.

725 Broadway, Albany

$3,800,000

202627660 MLS

This is a 6-property portfolio for sale, headlined by a 23,408ft2 office building at 747 Madison Ave. There are 17 apartment units included between 731 Madison Ave a 7-unit, 755 Madison Ave a 5-unit and 765 Madison Ave a 5-unit. There is a 4,000ft2 warehouse adjacent to the office building that is currently owner-user, and a 4 car garage next to the warehouse. Behind the large brick 7 unit at 765 Madison Ave is an undeveloped lot with an address on Hamilton St. The year EGI for the portfolio is $515,468, and the full financials will be provided upon request. The current ownership has held the properties for 20 years. Most of the apartment units and office spaces have been updated inside.

747 Madison Avenue, Albany

$1,450,000

202627583 MLS

Excellent freestanding +/- SF 12000 building with high traffic and visibility on Central Ave. Currently set up with 6 units, but could be converted to fit needs.Currently has 5 vacant units with the 6th being occupied by a dental practice. Common restroom on both first and second floor with elevator. Heating, plumbing and electrical system maintenance/updates all made. Easy accessibility, on the bus line. Excellent investment potential.

1735 Central Avenue, Colonie

$1,250,000

10 Beds ⋅ 9 Baths ⋅ 202627002 MLS

Mixed-use investment opportunity at the tri-corner of Watervliet Ave, Livingston Ave and 3rd St, just off the Everett Rd exit of I-90. This 3- story building offers 9 apartments (four studios, one 1BR, three 2BR, one 3BR) plus two street-level storefronts of ±1,500 SF and ±1,000 SF with large glass windows and direct street access. Apartments currently generate $8,325/mo; both storefronts are vacant and being marketed at $1,500/mo and $1,300/mo, offering immediate upside. Select units have seen recent updates including new windows, flooring and appliances. Across the street from Honest Weight Food Co-op and a block from the CDTA Training and Call Center. Pro forma NOI of $85,815 (6.9% cap rate) with retail leased. Offered at $1,250,000.

65 Watervliet Avenue, Albany

$179,900

3 Baths ⋅ 202626726 MLS

Rare 3.13-acre offering in the Village of Ravena with two paths to value. Potential for subdivision opportunity. Zoned R-2, permits single family residential. A builder-ready opportunity with municipal water and sewer already on site. Alternatively, the existing 10,942 SF masonry building offers an adaptive reuse opportunity: sanctuary seating for 262, finished basement, 9+ classrooms, fellowship hall, and paved on-site parking for 40+ vehicles. Minutes to Route 9W and the NYS Thruway, approximately 20 minutes to downtown Albany. Property is currently tax-exempt (religious/non-profit use) buyer to verify taxes with Municipality.

16 Hillcrest Drive, Ravena

$799,000

202626095 MLS

For Sale: Prime Mixed-Use Building in Downtown Albany. Seize the opportunity to acquire a ±24,072 square foot, four-story mixed-use building in the heart of Downtown Albany. Zoned Mixed-Use Downtown (MU-DT), this building offers diverse possibilities for retail and office use. 1st floor and basement currently rented to restaurant user for $5,500.00 a month. Lease ends February 28, 2029.

69 N Pearl Street, Albany

$3,199,000

13 Baths ⋅ 202625299 MLS

MIXED USE WITH RESIDENTIAL & COMMERCIAL TENANTS. CLASS A+ OFFICE BUILDING. SUPERIOR CONDITION WITH HIGH-END FINISHES. PROFESSIONAL TENANT MIX. SOLID LEASES. GREAT CASH FLOW. EASY ACCESS TO RT 155, I90, I87, DOWNTOWN ALBANY, NANOTECH CENTER, ETC. 9 RESIDENTIAL TENANTS & 6 COMMERCIAL SPACES.

9 Washington Square, Albany

$1,199,000

3 Baths ⋅ 202625292 MLS

11.7% CAP RATE. Multi-Tenant Office Building with well established tenants. EDPM roof, updated HVAC units, all LED lighting, and located on Public Water.

251 New Karner Road, Colonie

$5,200,000

202624511 MLS

GREAT INVESTMENT OPPORTUNITY for a warehouse in EXCELLENT CONDITION with NYS as a LONG-TERM TENANT, over 30 years at this location, with a newly signed 10 year lease. All increases in operating expenses and taxes above base year are covered by tenant. 7% CAP rate. Warehouse roof replaced in 2026.

16 Avis Drive, Colonie

$1,599,999

15 Beds ⋅ 16 Baths ⋅ 202623976 MLS

Fully remodeled (2013), charming, spacious 9-unit building walkable to everything. 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027. $17,870 monthly rent roll. Assumable financing at 3.7%. Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF. Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer. There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).

83 Beaver Street, Albany

$715,000

8 Beds ⋅ 9 Baths ⋅ 202623775 MLS

Three tax lot offering of two townhouses with two units each and one mixed-use townhouse with ground floor commercial space and two units above. All three buildings are mechanically connected. Two minutes from major highways and walking distance to downtown. Current configuration is four 1-bed/1-bath units, one 3-bed/2-bath unit, and one 4-bed/2-bath unit. Other permitted or conditional uses include: Community Residential Facility, Group Living, Religious Institution, or Bed-and-Breakfast. Title holder is a wholly owned subsidiary of Albany Housing Authority, which is a municipal housing authority. Property requires 48 hour notice to show. Requests for showings on a Monday or Tuesday must be received before 3pm on the preceding Friday. Showing availability M-F only during business hours. Sale includes tax lots: 65.64-4-37, 65.64-4-38, & 65.64-4-39.

341-345 Clinton Avenue, Albany

$849,900

202623554 MLS

A rare, exceptional investment opportunity on Central Avenue, Albany's historic main commercial artery, stretching from near downtown Albany out toward Schenectady. This mixed-use building sits on a dense urban retail corridor with steady drive-by and foot traffic, offering the kind of diversified, multi-income-stream asset that's hard to find fully stabilized and available at once. Two ground-floor storefronts anchor the property, both currently leased, a thriving smoothie shop and an established mobile phone retailer, delivering strong, proven retail income from day one. A private entrance leads to four fully rented apartments in a mix of 1, 2, and 3-bedroom layouts, adding stable, diversified residential cash flow that balances the commercial income and reduces overall vacancy risk. At the rear of the building, a leased warehouse is accessed via two private garages, and here's where this deal separates itself from the pack: there's untapped square footage with the potential to be built out into an additional income-producing unit, or even converted into self-storage, giving an investor a clear, low-cost path to force appreciation and boost returns well beyond current in-place income. Opportunities like this, fully leased, diversified, and positioned for upside, don't sit on the market long. Schedule your showing today.

83 Central Avenue, Albany

$2,300,000

10 Beds ⋅ 11 Baths ⋅ 202622723 MLS

(162-170 Jefferson St) is 8 apartments + The Palais Royale Bar & Grill, a well-known successful neighborhood institution since 1931. The sale includes 4 adjoining buildings, the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR each unit. 168: 3 units -- 2 upstairs apts (3BR total). First floor is an open 1,860 sqft ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? 24/7 income potential. Ideal for investors, owner-operators, or developers. The buildings are steps from state government offices, ESP and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street, Albany

$2,300,000

11 Baths ⋅ 202622721 MLS

Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street, Albany

$8,490,000

202622274 MLS

A rare opportunity to acquire a fully renovated, stabilized 46-unit multifamily investment housed within one of Albany's most distinctive historic buildings. Originally constructed as the iconic Hinckel Brewery, this landmark property has been thoughtfully transformed into a modern apartment community while preserving its unique architectural character. Completed renovations in 2023 have positioned the asset as a turnkey investment featuring updated kitchens and baths, stainless steel appliances, in-unit washer and dryers, new flooring, modern lighting, and contemporary finishes throughout. The property offers an attractive mix of one-, two-, and three-bedroom apartments with distinctive layouts that appeal to a broad tenant base.

201 Park Avenue, Albany

$12

202621649 MLS

Approximately 6,000 SF of office space consisting of 5 private offices and the remainder of the space is open. Staff break room and shared bathrooms in common space. Tenant pays utilities and janitorial. An additional 13,000 SF of warehouse space available for lease.

6 British American Boulevard, Colonie

$3,500,000

202621407 MLS

High visibility site, previously used as a new car dealership, with easy access to and from exit 7 of I-87. Can be used as its existing use or any conforming use under COR zoning. Lots of potential in this growing area of the Capital District. Call broker for additional details or to schedule a showing.

637 Columbia Street Extension, Colonie

$330,000

2 Baths ⋅ 202618823 MLS

This is an 8,904 sqft parcel of Prime Commercial Property on the corner of Fuller Road and Warehouse Row in the Town of Colonie. Recent improvements include a new roof, windows and removal of all former dry cleaning equipment, thus the first floor is completely cleared of all equipment and ready for its next owner to take it from here. The 2nd floor was previously leased as a Dance Studio with three large studio rooms and several others of various sizes. Inspection Reports are available from the Department of Environmental Conservation. Property Sold As Is. Proof of Funds are required.

69 Fuller Road, Colonie

$325,000

202617816 MLS

Wine and Liquor Store business for sale. Price includes the business, good will, furniture, fixtures and equipment. The inventory will be sold separately between Seller and Purchaser. Located in the Town of Guilderland on Western Avenue in strip mall with restaurants.

2050 Western Avenue 103, Guilderland

$3,900,000

202616970 MLS

Location, location! Thirteen tenant plaza, apartment and retails, always rented. Gross lease stores on New Loudon Rd, Route 9 next to Fresh Market. Large lot for additional projects if desired.

644 Loudon Road, Colonie

$749,000

202614003 MLS

Rare owner-user opportunity in Albany! This 7728 SF flex industrial building is perfectly suited for contractors, distribution, or light manufacturing users. Featuring (2) 12' drive-in doors, a full sprinkler system, and existing office buildout, the property offers a highly functioning layout ready for immediate occupancy. Zoned MU-NE, allowing for a wide range of commercial and light industrial uses. Offered at $799,000, presenting a compelling alternative to leasing while building long-term equity. Centrally located with easy access to Central Ave. and I-90. Ideal for businesses looking to establish or expand their footprint in a supply-constrained market

334 Ontario Street, Albany

$8,000,000

202613486 MLS

Albany Plaza: +/-115,305 SF, 215-key economy hotel on +/-5.40 acres directly off I-90 (Everett Rd Exit 5) with 90,124 AADT and exceptional visibility. 9-story, fully sprinklered asset with 2 elevators and 300 parking spaces. Built 1972, renovated 2016. Features full-service restaurant & bar, 10,000+ SF meeting/event space, indoor & outdoor pools. Zoned MU-CH (Community Highway) offering significant repositioning or redevelopment potential. Former Ramada, now independently operated, non-union. Rare value-add hospitality opportunity offered at $8,000,000 ($69.38 PSF / $37,209 per key).

3 Watervliet Avenue Extension, Albany

$3,200,000

202612723 MLS

Position your business for success at 54-56 Central Avenue, a highly visible commercial property located in the center of Ravena's business district. This versatile building offers strong street presence, steady local traffic, and convenient access to Route 9W and the Capital Region, making it an ideal location for a wide range of commercial uses. The property features dual storefront entrances, allowing for multiple tenants, expansion opportunities, or a combined large-format business. Generous interior square footage provides flexible floor plans suitable for retail, office, service-based operations, or specialty commercial concepts. Large display windows offer excellent branding and merchandising potential, while the open interior layout supports efficient customization. Additional highlights include off-street parking, walkability to nearby shops and municipal buildings, and a central location that draws both local residents and commuters. Whether you're launching a new venture, relocating an established business, or seeking an income-producing investment, this property delivers visibility, accessibility, and long-term commercial value. A strong opportunity in a growing community -- ideal for entrepreneurs, investors, and business owners looking for a strategic foothold in Ravena. Highly-visibility commercial property located in the center of Ravena's business district. Dual storefront entrances offer flexible space for retail, office, or service-based operations. Large display windows, open interior layout, and strong street exposure. Off-street parking and easy access to Route 9W and I-87. Ideal opportunity for investors or business owners seeking a versatile, centrally located commercial building.

54-56 Central Avenue, Ravena

$1,599,000

24 Beds ⋅ 13 Baths ⋅ 202611652 MLS

Fantastic property that was recently rehabbed and modernized. Two Long term, commercial tenants with 8 apartments. Typically rented to students from UAlbany, Albany Law, Albany, Med. Great rental neighborhood. Close to UAlbany Downtown Campus, Washington Park, Albany Med, Albany Law. See attached for income and expense details. New HVAC for commercial space in 2024 and New Hot Water system for building replaced in 2025.

811 Madison Avenue, Albany

$950,000

2 Baths ⋅ 202610816 MLS

This listing is for the sale of the real estate and owner is willing to consider lease of property with an option to purchase. There is a separate listing for sale of the business, FF and E and inventory of Watkins Spring Co., an established business with over 100 years of experience providing heavy duty suspension services in the Capital District. The business has over 4,000 accounts and a highly respected reputation in the industry. Qualified buyers to sign NDA and show proof of funds. See associated documents for details on all of the possibilities.

368 Central Avenue, Albany

$2,900,000

202527361 MLS

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 $2,900,000 ($44.40/SF).

32 N Russell Road, Albany

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7500+ Sq. Ft. Albany Real Estate

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View All Latest Albany 7500+ Sq. Ft. Properties for Sale

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