Corner Retail
For Lease
$16 SF/Yr
240 State Street, Schenectady, NY 12305
COMMERCIAL - Schenectady, NY
Space SizeContact for details
Days on Market520
Property Features for 240 State Street
General Information
Property type
Commercial Lease
Property subtype
Other
Standard status
Active
Listing Agency:
COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
(518) 785-9000
Listed By:
Todd Curley
(518) 785-9000
Added: Mar 18, 2025
Changed: Aug 4
Last Checked: Aug 19 at 3:06PM
MLS# 11538086
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail space occupies the ground level of a mixed-use property with 105 apartments above. Available configurations include build-to-suit and vanilla box delivery, with adaptable fit-up options for retail, restaurant, and service-related businesses. The property is positioned at the State Street and Erie Boulevard corner in downtown Schenectady, providing exposure to both pedestrian and vehicular activity.
State Street records 10,500+ AADT. Union College, Theater Row, and the historic Proctors Theatre are within a short walk, while an aquarium and grocery store are being developed nearby. The property also includes a mix of professional tenants, adding to the surrounding commercial setting.
State Street records 10,500+ AADT. Union College, Theater Row, and the historic Proctors Theatre are within a short walk, while an aquarium and grocery store are being developed nearby. The property also includes a mix of professional tenants, adding to the surrounding commercial setting.
Key Highlights
- 105 apartments located above the retail space
- Corner position at State Street and Erie Boulevard
- 10,500+ AADT on State St.
Property Analytics
Property Profile
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
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
$13.51 /SF/Yr
Avg Asking Price
$1.79–$35 /SF/Yr
Price Range
18,370 SF
Avg Space Size
This space is priced 18% above the average of $13.51 /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 - Flexible fit-up options support retail, restaurant, and service-oriented uses.
Where is this retail space located?
The property is located at 240 State Street Schenectady, NY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: 105 apartments located above the retail space; Corner position at State Street and Erie Boulevard; 10,500+ AADT on State St.
