Corner Retail and Restaurant
For Lease
$16 SF/Yr
240 State Street Unit 5, Schenectady, NY 12305
Corner storefront with apartments above, high AADT exposure, and flexible build-to-suite or vanilla box options in downtown.
Space SizeContact for details
Days on Market746
Property Features for 240 State Street Unit 5
General Information
Standard status
Active
Additional Details
Traffic Count
10,500 vehicles/day
Multifamily Units
105
Amenities
Accessible Sidewalks
Building Details
Year Built
2019
Listing Agency:
Coldwell Banker Commercial Prime Properties
Listed By:
Christopher H Schmid
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 28, 2024
Changed: Aug 11
Last Checked: Aug 12 at 3:39AM
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 Coldwell Banker Commercial Prime Properties
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
105
Residential units
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
$13.16 /SF/Yr
Avg Asking Price
$1.79–$35 /SF/Yr
Price Range
16,471 SF
Avg Space Size
This space is priced 22% above the average of $13.16 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
