Corner Retail Space with Apartment
For Lease
$12 SF/Yr
240 State Street Unit 3, Schenectady, NY 12305
Ground-floor retail space in a corner building with 105 apartments above and flexible suite fit-up options.
Space SizeContact for details
Days on Market815
Property Features for 240 State Street Unit 3
General Information
Standard status
Active
Additional Details
Traffic Count
10,500 vehicles/day
Amenities
Accessible Doors
Accessible Sidewalks
Building Details
Year Built
2019
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Prime Properties
Listed By:
Christopher H Schmid
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jun 23, 2024
Changed: Sep 14
Last Checked: Sep 14 at 7:31AM
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 ground-floor retail space is located in a mixed-use building with 105 apartments above. A 1,664 SF build-to-suit or “vanilla box” arrangement is available, with flexible space fit-up options suitable for a range of retail and service-related concepts.
The property is highly visible on the corner of State St. and Erie Blvd in downtown Schenectady, with strong walkability to Union College, Theater Row, and Proctors Theatre. The listing also notes 10,500+ AADT on State St., along with new developments underway nearby, including an aquarium and grocery store. Owners are offering 2 months of rent free.
The property is highly visible on the corner of State St. and Erie Blvd in downtown Schenectady, with strong walkability to Union College, Theater Row, and Proctors Theatre. The listing also notes 10,500+ AADT on State St., along with new developments underway nearby, including an aquarium and grocery store. Owners are offering 2 months of rent free.
Key Highlights
- Ground‑floor retail in a corner building with 105 apartments above
- High‑visibility location on the corner of State St. and Erie Blvd in downtown Schenectady
- State St. traffic averages 10,500+ AADT
Property Analytics
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Current Use
Lease Details
10,500 VPD
Traffic count
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,014
Businesses Nearby
Under-served
Demand for This Use
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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Market
Lease Benchmarks for Schenectady, NY
$10.87 /SF/Yr
Avg Asking Price
$1.6–$18.18 /SF/Yr
Price Range
28,291 SF
Avg Space Size
This space is priced 10% above the average of $10.87 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail space in a corner building with 105 apartments above and flexible suite fit-up options.
Where is this storefront property located?
The property is located at 240 State Street Unit 3 Schenectady, NY.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Ground‑floor retail in a corner building with 105 apartments above; High‑visibility location on the corner of State St. and Erie Blvd in downtown Schenectady; State St. traffic averages 10,500+ AADT
