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    1140 Congress St Schenectady, NY 12303

    For Sale
    $399,900

    Prime 0.4-acre mixed-use property in Schenectady.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property, located at 1140 Congress Street, Unit 1140, Schenectady, NY, presents a compelling investment opportunity. Situated on a sizable 0.4-acre lot, this property offers significant potential for a variety of uses, given its mixed-use zoning classification. The building's precise square footage is currently unavailable, however, the substantial lot size allows for considerable expansion or redevelopment possibilities. The asking price is $399,900, representing a competitive entry point into the Schenectady real estate market. This location offers convenient access to major transportation routes, enhancing its appeal to both businesses and residents. The property's versatility makes it suitable for a range of commercial and residential ventures, allowing for creative adaptation to meet diverse needs. Investors seeking a strong foothold in a growing market will find this property particularly attractive. Its strategic location and ample land provide a solid foundation for future growth and profitability. Further due diligence is recommended to fully assess the property's potential and to confirm zoning regulations and permitted uses. Detailed property information, including any available building plans or surveys, can be provided upon request. Don't miss this chance to acquire a significant mixed-use asset in a vibrant upstate New York city.

    Property Features for 1140 Congress St

    General Information

    Property type
    Mixed-use properties
    Lot Size
    17,424 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.95129
    Latitude
    42.79433

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    FAQs

    What type of property is this?
    Mixed-use property - Prime 0.4-acre mixed-use property in Schenectady.
    Where is this mixed-use property located?
    The property is located at 1140 Congress St Schenectady, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    (518) 545-4776
    Request Owner's contact information
    1140 Congress St Schenectady, NY 12303
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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
    1140 Congress St Schenectady, NY 12303
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