Listed by CBRE - Albany
$11,999,000
Loudon Plaza
Details
APN 65.7-3-24
Property Type Retail, Office
Sub Type Storefront, Shopping Center
Square Footage 59,379
Occupancy 100%
Tenancy Single
Year Renovated 2020
Zoning MU-CH Mixed Use - Community Highway
Parking Spaces 300 spaces
Parking per 1,000 SqFt 5.05
Retail | 59,379 SqFt
Marketing description
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.
Located: I-90 to Loudonville exit to Northern Boulevard.
Investment 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 square feet of retail, restaurant, and personal-service space complemented by ±33,562 square feet of professional office suites, creating a balanced and diversified income stream.
Listing Contacts
Listed by CBRE - Albany
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