Corner Retail Space with Apartment
240 State Street Schenectady, NY 12305
240 State Street, Schenectady, NY, 12305
$16 SF/Yr
For Lease
$16 SF/Yr
COMMERCIAL - Schenectady, NY
Days on Market491
Property Features for 240 State Street
General Information
- Property type
- Commercial Lease
- Property subtype
- Other
- Standard status
- Active
Listing agency
COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
(518) 785-9000
Listed by
Todd Curley
(518) 785-9000
Added: Mar 18, 2025 Updated: Jul 2 at 4:21PM Checked: Jul 21 at 9:06PM
MLS# 11538086
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Investment Insights
Based on property information with market context.
The owner is offering an incentive of two months’ rent free. This mixed-use property includes ground-floor retail space with apartment units above, totaling 105 apartments on the site. The available retail space can be delivered as build-to-suite or as a vanilla box, allowing flexibility for retailers and operators planning a customized fit-up.
The storefront is positioned on a highly visible corner of State Street and Erie Boulevard in downtown Schenectady, with exposure to substantial public traffic. The listing cites an average of 10,500+ AADT on State Street. The area is described as walkable to Union College and Theater Row, including Proctors Theatre, supporting an active downtown pedestrian environment. The remarks also note a new aquarium and grocery store development within walking distance.
This opportunity is best suited for businesses seeking a downtown corner location with apartment-level density above retail. The space is presented for retail, restaurant, and service-related concepts, with options to tailor the interior through build-to-suite or move in to a more basic vanilla box layout.
The storefront is positioned on a highly visible corner of State Street and Erie Boulevard in downtown Schenectady, with exposure to substantial public traffic. The listing cites an average of 10,500+ AADT on State Street. The area is described as walkable to Union College and Theater Row, including Proctors Theatre, supporting an active downtown pedestrian environment. The remarks also note a new aquarium and grocery store development within walking distance.
This opportunity is best suited for businesses seeking a downtown corner location with apartment-level density above retail. The space is presented for retail, restaurant, and service-related concepts, with options to tailor the interior through build-to-suite or move in to a more basic vanilla box layout.
Key Highlights
- Retail space on the corner of State St. and Erie Blvd in downtown Schenectady
- 105 apartments above the retail space
- State St. averages 10,500+ AADT for high traffic exposure
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Electric City Apartments
Real Estate Agency
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FAQs
What type of property is this?
Mixed-use property - Corner storefront space with apartments above, offered with rent-free incentives and flexible build-to-suit or vanilla box options.
Where is this mixed-use property located?
The property is located at 240 State Street Schenectady, NY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Retail space on the corner of State St. and Erie Blvd in downtown Schenectady; 105 apartments above the retail space; State St. averages 10,500+ AADT for high traffic exposure
