240 State Street Unit 5, Schenectady, NY 12305

Building Details

Year Built

2019

Listing office Coldwell Banker Commercial Prime Properties

Listing date Sep 30, 2024

Source Signatureonerealtygroup

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Overview

The available retail/restaurant space is situated at a highly visible corner of State St. and Erie Blvd, with 105 apartments located above the retail level. Options include build-to-suite or a vanilla box configuration, allowing flexibility in how the space is fit for an incoming tenant. The property is presented as suitable for retail, restaurant, and service-related business use.

Positioned in the heart of downtown Schenectady, the location is described as a short walk from Union College, Theater Row, and the historic Proctors Theatre. The site is also listed with an average of 10,500+ AADT on State St., supporting strong exposure for storefront operations. Public remarks also note a new aquarium and grocery store development within walking distance.

For operators seeking a street-facing presence with the ability to tailor improvements, the combination of flexible suite options and downtown foot traffic can support a range of retail and dining concepts. The corner setting and apartment count above the premises provide practical advantages for businesses that benefit from consistent daytime and evening activity.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Schenectady

County

Schenectady

State

New York

Longitude

-73.9451081

Latitude

42.814099

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FAQs

What type of property is this?

Retail space - Corner storefront with apartments above, high AADT exposure, and flexible build-to-suite or vanilla box options in downtown.

Where is this retail space located?

The property is located at 240 State Street Unit 5 Schenectady, NY.

What is the lease rate?

The lease rate is $16 SF/Yr.

What are key features of this property?

This property features: 2019‑built corner property with retail storefront and 105 apartments above retail; Corner location on State St. and Erie Blvd with high visibility and average 10,500+ AADT on State St.; Retail space in downtown Schenectady near Union College, Theater Row, and Proctors Theatre