350 Northern Blvd - Office FOR SALE


Albany, NY 12204- Bishop's Gate
$10,750,000 USD
518-466-8656
350 Northern Blvd, Albany, NY for Sale
$10,750,000 USD
Office - FOR SALE
1/43
null | Request Cap Rate

350 Northern Blvd
Albany, NY 12204
Bishop's Gate


HIGHLIGHTS

  • Retail plaza 100% occupied
  • ±300 parking spaces
  • Renovations included new retail storefronts & modernized office suites, parking lot and sidewalk improvements
  • Anchored by a strong roster of long-term tenants with established customer bases providing stable, predictable cash flow with limited rollover risk
  • The asset features ±25,817 sq ft of retail, restaurant, and personal-service space complemented by ±33,562 square feet of professional office suites.

OVERVIEW

CBRE Upstate NY is pleased to present 350-359 Northern Boulevard, known as Loudon Plaza, a premier 59,379-square-foot mixed-use retail and office property located at the highly desirable border of Loudonville and Albany, NY. The building underwent a comprehensive top-to-bottom renovation from 2017–2020, resulting in a modern, energy-efficient, and low-maintenance asset. The plaza offers an exceptional location with immediate access to major transportation arteries, including I-90, I-787, and I-87. It sits adjacent to Albany Memorial Hospital and is surrounded by dense residential neighborhoods, upscale retail, and high-quality office developments.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loudon Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

C1

APN/PARCEL ID

010100-065-007-0003-024-000-0000

ASK ABOUT THIS PROPERTY

Jared SkaarupCBRE Upstate NYMore Info
518-466-8656

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Jared SkaarupCBRE Upstate NYMore Info
518-466-8656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.