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Mixed-Use Property with Office Space

242 Union Street, Schenectady, NY 12305

For Sale
$575,000
Pending

Professional workspace includes a conference room alongside updated residential apartments.

Property SizeContact for details
Days on Market55

Property Features for 242 Union Street

General Information

Standard status Pending
Total Parking Spaces 15
Property subtype Mixed Use

Additional Details

Highway Access Yes
Multifamily Units 3

Building Details

Year Built 1908
Buildings 1
Listing Agency: Venture Fox Realty Group LLC
Listed By: Sean Martin · License #10401359018
Source: Simplywoodardrealestate
Added: Sep 16 Changed: Nov 8 Last Checked: Nov 8 at 10:32AM

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

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Investment Insights

Based on property information with market context.

Built in 1908, this mixed-use building combines professional office space with three updated apartments. The office area contains 12 individual offices and a conference room. Interior features include high ceilings and refinished hardwood floors.

The property is in Schenectady’s historic Stockade District, near downtown attractions, restaurants, entertainment, and shopping, with highway access. A paved parking lot provides 15 dedicated spaces.

Key Highlights

  • 12 individual offices and a conference room
  • Three updated apartments
  • Paved parking lot with 15 dedicated spaces

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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

3
Residential units
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

Average Price Trend$/SF for Mixed-use properties in Schenectady County, NY

$139 Jul
$115 Aug
$109 Sep
$119 Oct

Properties on Market for Mixed-use properties in Schenectady County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Professional workspace includes a conference room alongside updated residential apartments.
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; Paved parking lot with 15 dedicated spaces
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