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    271 State St Schenectady, NY 12305

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    For Lease
    Contact for pricing

    Renovated retail spaces in a historic downtown Schenectady landmark.

    Property size:
    4,001 SF
    Lot size:
    0.64 Acres

    Property Features for 271 State St

    General Information

    Size
    4,001 SF
    Lot size
    0.64 Acres

    Source: Cass Hill Development Agent Pamela Hind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Wedgeway Retail Space

    The Wedgeway, situated at the corner of Erie Blvd and State St, is a historic landmark featuring a mix of commercial and residential spaces. The renovated building includes 5 commercial units and 70 modern apartments, creating a dynamic environment for businesses in Downtown Schenectady. The Wedgeway retains many of its original historic features while offering modern amenities. The property has a rich history, including the story of The Grog Shoppe, a 100-year-old pub. Located on a high-traffic corner with over 20,000 cars daily, The Wedgeway provides visibility and accessibility. Tenants can utilize the building’s Digital Marquee for promotional purposes. The available retail space is 4,001 square feet. The Wedgeway presents an opportunity for businesses to thrive in Downtown Schenectady.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -73.9442178
    Latitude
    42.814505

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    FAQs

    What type of property is this?
    Retail space - Renovated retail spaces in a historic downtown Schenectady landmark.
    Where is this retail space located?
    The property is located at 271 State St Schenectady, NY.
    What are key features of this property?
    This property features: - Prime location at the corner of Erie Blvd and State St with high visibility and accessibility.; - Mix of 5 commercial units and 70 modern apartments.; - Thoughtfully renovated with modern amenities while retaining original historic features.
    (518) 371-2410
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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
    271 State St Schenectady, NY 12305
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