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    240 State St Schenectady, NY 12305

    For Lease
    $16 SF/Yr

    Commercial Lease - Schenectady, NY

    Days on Market:
    150
    Last Refresh:
    Dec 13 at 1:06 pm

    Property Features for 240 State St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage

    Building Details

    Architectural style
    Other

    COLDWELL BANKER COMMERCIAL PRIME PROPERTIES (518) 785-9000

    Listing agent Todd Curley (518) 785-9000

    Listing date Jul 17, 2025

    MLS# 11538086 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Schenectady

    This retail space is situated in downtown Schenectady, near Union College, Theater Row, and Proctors Theatre. The location experiences a high volume of foot traffic and exposure. The property is suitable for retail, restaurant, and service-related businesses. The average annual daily traffic count on State Street is over 10,500. The owner is offering two months' rent free. The building includes 105 apartments above the retail space. A new aquarium and grocery store are under development within walking distance. Build-to-suit or vanilla box space is available with flexible space fit-up. There is a strong mix of professional tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Electric City Apartments Apartment Rental Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.945046
    Latitude
    42.814163

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    FAQs

    What type of property is this?
    Retail space - Highly visible retail space in downtown Schenectady near Union College.
    Where is this retail space located?
    The property is located at 240 State St Schenectady, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Two months' rent free.; - **High-visibility corner location** at State St. and Erie Blvd.; - High foot traffic area in downtown Schenectady near Union College and Proctors Theatre.
    (518) 785-9000
    Request Owner's contact information
    240 State St Schenectady, NY 12305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 State St Schenectady, NY 12305
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