Downtown Schenectady Commercial Space
For Lease
$9 SF/Yr
447 State Street, Schenectady, NY 12305
Prime downtown commercial space with strong street presence and flexible layout.
Space SizeContact for details
Days on Market410
Property Features for 447 State Street
General Information
Standard status
Active
Amenities
Other
Building Details
Year Built
1995
Listing Agency:
Thompson Real Estate Team
Listed By:
Samuel J Thompson · License #10491208504
(518) 545-4776
Source:
Signatureonerealtygroup
Added: Jul 22, 2025
Changed: Sep 3
Last Checked: Sep 4 at 9:39AM
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 Thompson Real Estate Team
Investment Insights
Based on property information with market context.
Located in the heart of Schenectady's active retail and entertainment corridor, this commercial space offers approximately 7,918 square feet. The storefront property features strong street presence, expansive frontage, and a flexible open layout suitable for retail, restaurant, service, wellness, or professional users. Interior renovations are underway, with the space delivering as a refreshed "vanilla box" in the coming weeks. This pre-leasing opportunity allows tenants to secure a large downtown footprint ahead of completion, with potential to align layout and finish details depending on timing. The property benefits from excellent accessibility and walkability, positioned near Proctors Theatre and the surrounding business district. The location provides consistent daytime and evening activity, making it suitable for operators seeking visibility and volume.
Key Highlights
- Prime downtown location in Schenectady's active retail and entertainment corridor
- Large ±7,918 SF commercial space with strong street presence
- Flexible open layout adaptable to various uses
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.35 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,115
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
Market
Lease Benchmarks for Schenectady, NY
$10.87 /SF/Yr
Avg Asking Price
$1.6–$18.18 /SF/Yr
Price Range
25,444 SF
Avg Space Size
This space is priced 17% below the average of $10.87 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Blooms Rewards — 512 State St, Schenectady, NY 12305
- Price Chopper Floral — 20 Park Pl, Schenectady, NY 12305
Frequently Asked Questions
What type of property is this?
Storefront property - Prime downtown commercial space with strong street presence and flexible layout.
Where is this storefront property located?
The property is located at 447 State Street Schenectady, NY.
What is the lease rate?
The lease rate is $9 SF/Yr.
What are key features of this property?
This property features: Prime downtown location in Schenectady's active retail and entertainment corridor; Large ±7,918 SF commercial space with strong street presence; Flexible open layout adaptable to various uses
