Servicer Sale: 68,000 SF Vacant Office | Albany NY

 Investment Highlights

• 68,872 SF Two-Story Suburban Office: Steel and masonry construction built in 1991 with elevator, loading dock, and wet fire protection.
• ±5.25 Acres in Corporate Plaza Park: Campus setting within an established office park off Washington Avenue Extension in western Albany.
• 242± Parking Spaces — 3.5:1,000 Ratio: Ample surface parking supports full building occupancy without the need for structured parking.
• I-90 and I-87 Access Within Minutes: NYS Thruway and Adirondack Northway provide direct regional connectivity from the property.
• 118,000+ Daytime Employees in 5 Miles: Dense employment base with average household incomes exceeding $112,000 within a five-mile radius.
• MU-CI Zoning, Owner-User or Value-Add: Campus/institutional zoning offers flexibility for office, institutional, or adaptive reuse.

Offering Summary

RealINSIGHT Marketplace, in partnership with Pyramid Brokerage Company / Cushman & Wakefield, is pleased to present 1 Columbia Circle, a 68,872 SF two-story suburban office building situated on ±5.25 acres within the Corporate Plaza Office Park in Albany, New York. Built in 1991 of steel and masonry construction, the property features 242± parking spaces, a passenger elevator, one loading dock, wet fire protection, FOB access controls, and rooftop HVAC units. Zoned MU-CI Mixed-Use Campus/Institutional with a Pine Bush Overlay, the building offers flexibility for traditional office use, institutional tenancy, or adaptive reuse. The property is positioned off Washington Avenue Extension, which sees approximately 24,600 vehicles per day, with convenient access to I-90 (NYS Thruway) and I-87 (Adirondack Northway). Nearby demand drivers include Crossgates Mall, Stuyvesant Plaza, University at Albany, Colonie Center, and Albany International Airport. With over 131,000 residents, 118,000 daytime employees, and average household incomes exceeding $112,000 within five miles, the property is well suited for an owner-user or value-add investor seeking scale in Albany's western suburban office corridor.

Ralph Passono, Jr. c/o Fisher Auction Company Inc. License: 1. Starting Bid: $450,000.