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Single-Tenant Office Building For Sale
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1523 State St, Schenectady, NY 12304

Single-tenant office building with off-street parking, close to major routes.

Space Size5,200 SF
Days on Market546

Property Features for 1523 State St

General Information

Standard status Active
Size 5,200 SF
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 1523 State St
1523 State St $14/SF/Yr
Floor Bldg
Size 5,200 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Highly desirable, single-tenant office building with off-street parking field. - Locally-based property ownership. - Taxes estimated at $17,142/year - Close proximity to the Crosstown Connection/Route 7 and I-890. - Tenant responsible for taxes, insurance, snow plowing, lawn and landscaping. - Landlord responsible for roof, structure, and HVAC (tenant to maintain with bi-annual service contract).
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Listing Agency: IKON Realty Group
Listed By: Bruce Ginsburg
Source: Moodyscre
Added: Apr 4, 2025 Changed: Sep 4 Last Checked: Oct 1 at 11:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IKON Realty Group

Investment Insights

Based on property information with market context.

This is a single-tenant office building with off-street parking. The property is in close proximity to the Crosstown Connection/Route 7 and I-890. The property ownership is locally based. The landlord is responsible for the roof, structure, and HVAC, with the tenant maintaining the HVAC through a bi-annual service contract. The tenant is responsible for taxes, insurance, snow plowing, lawn, and landscaping. Taxes are estimated at $17,142 per year. The property size is 5,200 square feet.

Key Highlights

  • Highly desirable, single‑tenant office building.
  • Features an off‑street parking field.
  • Close proximity to Crosstown Connection/Route 7 and I‑890.

Property Analytics

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Current Use

Center For Disability Services Social Service Agency

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Skin Care Clinic (Bike/Boat/Book/etc) Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.10 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

502
Businesses Nearby

Demographics for 12304, NY

21,513
Population
9,438
Households
2.3
Avg Household Size
40
Median Age
25%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,211
Density / Sq Mi
$67,688
Median Household Income
$43,824
Median Earnings
$1,049
Median Rent
$171,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Single-tenant office building with off-street parking, close to major routes.
Where is this office building located?
The property is located at 1523 State St Schenectady, NY.
What is the lease rate?
The lease rate is $14 SF/Yr.
What are key features of this property?
This property features: Highly desirable, single‑tenant office building.; Features an off‑street parking field.; Close proximity to Crosstown Connection/Route 7 and I‑890.
(518) 573-5853 Call to check price and availability
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