Mixed-Use Property with Retail
For Lease
$16 SF/Yr
5-240 State St, Schenectady, NY 12305
Retail space occupies the lower level of a downtown mixed-use building with apartments above.
Space SizeContact for details
Days on Market531
Property Features for 5-240 State St
General Information
Standard status
Active
Site & Location
Corner Location
Yes
Traffic Count
10,500 vehicles/day
Additional Details
Space Use
Retail
Listing Agency:
Coldwell Banker Commercial Prime Properties
(518) 506-4348
Listed By:
Christopher H Schmid · License #10401334076
(518) 506-4348
Source:
Exprealty
Added: Mar 18, 2025
Changed: Aug 28
Last Checked: Aug 29 at 11:28AM
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.
This mixed-use property combines 105 apartments with retail space at the ground level. Available space can be configured through a build-to-suit approach or delivered as vanilla box space, with flexible fit-up options for retail, restaurant, and service-related businesses.
The property is positioned at the corner of State St. and Erie Blvd in downtown Schenectady, within walking distance of Union College, Theater Row, and the historic Proctors Theatre. State St. records 10, 500+ AADT, while an aquarium and grocery store are being developed nearby. The surrounding setting also includes professional tenants and established pedestrian activity.
The property is positioned at the corner of State St. and Erie Blvd in downtown Schenectady, within walking distance of Union College, Theater Row, and the historic Proctors Theatre. State St. records 10, 500+ AADT, while an aquarium and grocery store are being developed nearby. The surrounding setting also includes professional tenants and established pedestrian activity.
Key Highlights
- Mixed‑use building with 105 apartments above retail space
- Corner position at State St. and Erie Blvd
- 10, 500+ AADT on State St.
Property Analytics
Current Use
Lease Details
10,500 VPD
Traffic count
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,779
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
$13.58 /SF/Yr
Avg Asking Price
$3.6–$22 /SF/Yr
Price Range
33,035 SF
Avg Space Size
This space is priced 18% above the average of $13.58 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space occupies the lower level of a downtown mixed-use building with apartments above.
Where is this mixed-use property located?
The property is located at 5-240 State St Schenectady, NY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Mixed‑use building with 105 apartments above retail space; Corner position at State St. and Erie Blvd; 10, 500+ AADT on State St.
