Corner Retail
For Lease
$16 SF/Yr
240 State Street, Schenectady, NY 12305
Commercial Lease, Schenectady, NY
Space SizeContact for details
Days on Market538
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
Listed By:
Todd Curley
(518) 785-9000
Added: Mar 18, 2025
Changed: Sep 4
Last Checked: Sep 6 at 5:06AM
MLS# 11538086
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Retail space occupies the ground floor beneath a residential component of 105 apartments at 240 State Street. The premises can be delivered as build-to-suit or vanilla box space, with flexible fit-up options for retail, restaurant, and service-oriented uses. A strong mix of professional tenants is also part of the surrounding property context.
The space sits at the corner of State Street and Erie Boulevard in downtown Schenectady, near Union College, Theater Row, and Proctors Theatre. State Street records average daily traffic of more than 10,500 vehicles, while a new aquarium and grocery store are planned within walking distance. The location combines a downtown setting with pedestrian exposure and access to established nearby destinations.
The space sits at the corner of State Street and Erie Boulevard in downtown Schenectady, near Union College, Theater Row, and Proctors Theatre. State Street records average daily traffic of more than 10,500 vehicles, while a new aquarium and grocery store are planned within walking distance. The location combines a downtown setting with pedestrian exposure and access to established nearby destinations.
Key Highlights
- Ground‑floor retail beneath 105 apartments
- Corner position at State Street and Erie Boulevard
- More than 10,500 AADT on State Street
Property Analytics
Property Profile
Current Use
Lease Details
10,500 VPD
Traffic count
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 12305, NY
6,085
Population
4,103
Households
1.5
Avg Household Size
37
Median Age
34%
College-Educated
88%
High-School Grad
1.5 sq mi
ZIP Area
4,057
Density / Sq Mi
$50,308
Median Household Income
$34,228
Median Earnings
$1,067
Median Rent
$162,500
Median Home Value
Market
Lease Benchmarks for Schenectady, NY
$12.47 /SF/Yr
Avg Asking Price
$1.6–$35 /SF/Yr
Price Range
20,281 SF
Avg Space Size
This space is priced 28% above the average of $12.47 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Flexible storefront opportunity beneath 105 apartments, with build-to-suit or vanilla box delivery options.
Where is this retail space 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: Ground‑floor retail beneath 105 apartments; Corner position at State Street and Erie Boulevard; More than 10,500 AADT on State Street
