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Flexible Mixed-Use Commercial Building
For Sale
$284,000

518 Hegeman Street, Schenectady, NY 12306

COMMERCIAL - Schenectady, NY

Property Size4,450 SF
Lot Size0.11 Acres
Price / SF$63.82
Days on Market290

Property Features for 518 Hegeman Street

General Information

Property type Commercial Sale
Property subtype Office
Zoning Commercial
Parking features On Street
Directions Drive from I-90 W and I-890 W to Schenectady. take exit 5 from I-890 W, take Broadway to Hegeman St, destination will be on your right hand side,
Standard status Active
APN 421500 48.59-4-8.1
Size 4,450 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Annual Amount 5000

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Amenities

multiple offices
classrooms
open meeting areas
full kitchen
restrooms on each level

Building Details

Year built 1965
Floors in Building 2
Building materials Brick
Roof type Shingle
Listing Agency: Hanna Commercial
Listed By: Philip Sabatino · License #10401299525
Added: Oct 31, 2025 Changed: Aug 4 Last Checked: Aug 16 at 4:06PM
MLS# 202528863

Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story mixed-use commercial building contains approximately 4,450 square feet across a flexible interior layout. The property includes multiple offices, classrooms, open meeting areas, a full kitchen, and restrooms on each level. These existing improvements support a range of organizational, educational, office, studio, and small-business configurations without relying on a single space plan.

Built in 1965, the building features brick construction, central air conditioning, and natural-gas heating. Public water and public sewer serve the property, while the roof is shingle. Commercial zoning and a 0.11-acre site add to the property’s potential for continued commercial use in Schenectady.

Key Highlights

  • Approximately 4,450 square feet in a two‑story mixed‑use commercial building
  • Multiple offices, classrooms, and open meeting areas
  • Full kitchen and restrooms located on each level

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Bakery Computer & Electronic Repair

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

Location Intelligence

Trade Area within ½ mile

365
Businesses Nearby

Demographics for 12306, NY

26,935
Population
12,481
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
43.9 sq mi
ZIP Area
614
Density / Sq Mi
$80,583
Median Household Income
$46,702
Median Earnings
$1,221
Median Rent
$212,700
Median Home Value

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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story commercial property with offices, classrooms, meeting areas, kitchen, and restrooms on both levels.
Where is this mixed-use property located?
The property is located at 518 Hegeman Street Schenectady, NY.
What is the asking price?
The asking price for this property is $284,000.
What are key features of this property?
This property features: Approximately 4,450 square feet in a two‑story mixed‑use commercial building; Multiple offices, classrooms, and open meeting areas; Full kitchen and restrooms located on each level
More about this property
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