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Historic Mixed-Use Property
New
For Sale
$575,000

242 Union Street, Schenectady, NY 12305

Character-rich property combining professional office space with updated residential apartments and dedicated on-site parking.

Property SizeContact for details
Days on Market3

Property Features for 242 Union Street

General Information

Standard status Active
Total Parking Spaces 15
Property subtype Commercial

Additional Details

Highway Access Yes
Office Units 12

Amenities

conference room

Building Details

Year Built 1908
Buildings 1
Tenancy Multi
Listing Agency: Venture Fox Realty Group LLC
Listed By: Sean Martin
Source: Signatureonerealtygroup
Added: Sep 16 Changed: Sep 17 Last Checked: Sep 18 at 9:37AM

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 Venture Fox Realty Group LLC

Investment Insights

Based on property information with market context.

This historic mixed-use building, constructed in 1908, combines a professional office component with three updated apartments. The commercial portion includes 12 individual offices, a conference room, high ceilings, refinished hardwood floors, and quality finishes. The apartments retain the building’s character while incorporating thoughtful updates and ongoing maintenance. A paved parking lot provides 15 dedicated spaces for occupants and residents.

Located at 242 Union Street in Schenectady’s Stockade District, the property offers proximity to downtown attractions, entertainment, restaurants, and shopping, with quick highway access. Its distinctive historic street presence and versatile configuration support a range of office and residential income uses within one asset.

Key Highlights

  • 12 individual offices and a conference room
  • Three updated apartments within the building
  • 15 dedicated parking spaces in a large paved lot

Property Analytics

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Current Use

Knowledge Wand General Contractor Caring Companions of the Capital ... Nursing Home Herweyer Financial Financial Advisor DocTrax Physician Samson's Classroom Training Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Acupuncture Tech Support Center Butcher Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Office units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,896
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Character-rich property combining professional office space with updated residential apartments and dedicated on-site parking.
Where is this mixed-use property located?
The property is located at 242 Union Street Schenectady, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 12 individual offices and a conference room; Three updated apartments within the building; 15 dedicated parking spaces in a large paved lot
More about this property
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