Restaurant-Built Retail
240 State Street #1, Schenectady, NY 12305
For Lease
$18 SF/Yr
A restaurant-configured suite is available for lease in a mixed-use downtown property.
Space SizeContact for details
Property Size141,145 SF
Days on Market585
Property Features for 240 State Street #1
General Information
Standard status
Size
Space & Availability
Space Use
Available From
Site & Location
Corner Location
Traffic Count
Additional Details
Second-Generation Restaurant
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Commercial Prime Properties
(518) 785-9000
Listed By:
Christopher H Schmid · License #10401351162
(518) 506-4348
Source:
Chadmajewski
Added: Apr 2, 2025
Changed: Nov 4
Last Checked: Nov 7 at 4:40AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2020-built retail space is configured for restaurant use and offered for lease. The mixed-use property includes 105 apartments above its retail component, with the available space positioned at the State Street and Erie Boulevard corner in downtown Schenectady.
Union College, Theater Row, and Proctors Theatre are within walking distance. State Street records an average of 10,500+ AADT. An aquarium and grocery store are also in development within walking distance. The owner is offering two months of rent at no charge.
Union College, Theater Row, and Proctors Theatre are within walking distance. State Street records an average of 10,500+ AADT. An aquarium and grocery store are also in development within walking distance. The owner is offering two months of rent at no charge.
Key Highlights
- Restaurant‑configured retail suite available for lease
- 105 apartments above the retail space
- Corner location at State Street and Erie Boulevard
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10,500 VPD
Traffic count
NNN (Triple Net)
Lease Type
$2.70 /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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Schenectady, NY
$13.1 /SF/Yr
Avg Asking Price
$1.39–$35 /SF/Yr
Price Range
19,158 SF
Avg Space Size
This space is priced 37% above the average of $13.1 /SF/Yr.
Average Price Trend$/SF/Yr for Retail space in Schenectady, NY
Properties on Market for Retail space in Schenectady
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A restaurant-configured suite is available for lease in a mixed-use downtown property.
Where is this retail space located?
The property is located at 240 State Street #1 Schenectady, NY.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Restaurant‑configured retail suite available for lease; 105 apartments above the retail space; Corner location at State Street and Erie Boulevard
