240 State Street, Schenectady, NY 12305

Listing agent Todd Curley Show Phone

Listing office COLDWELL BANKER COMMERCIAL PRIME PROPERTIES 621 COLUMBIA ST, COHOES, NY Show Phone

Listing date Mar 18, 2025

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MLS# 11538086

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Overview

The owner is offering an incentive of two months’ rent free. This mixed-use property includes ground-floor retail space with apartment units above, totaling 105 apartments on the site. The available retail space can be delivered as build-to-suite or as a vanilla box, allowing flexibility for retailers and operators planning a customized fit-up.

The storefront is positioned on a highly visible corner of State Street and Erie Boulevard in downtown Schenectady, with exposure to substantial public traffic. The listing cites an average of 10,500+ AADT on State Street. The area is described as walkable to Union College and Theater Row, including Proctors Theatre, supporting an active downtown pedestrian environment. The remarks also note a new aquarium and grocery store development within walking distance.

This opportunity is best suited for businesses seeking a downtown corner location with apartment-level density above retail. The space is presented for retail, restaurant, and service-related concepts, with options to tailor the interior through build-to-suite or move in to a more basic vanilla box layout.

Suggested Use

Building Supply Dental Office Storage Facility Big Box & Wholesale Store Pharmacy HVAC Service Discount Store Auto Parts Store Car Rental Facility Electronics & Wireless Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Schenectady

County

Schenectady

State

New York

Longitude

-73.945046

Latitude

42.814163

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FAQs

What type of property is this?

Mixed-use property - Corner storefront space with apartments above, offered with rent-free incentives and flexible build-to-suit or vanilla box options.

Where is this mixed-use property 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: Retail space on the corner of State St. and Erie Blvd in downtown Schenectady; 105 apartments above the retail space; State St. averages 10,500+ AADT for high traffic exposure