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New Construction Retail Space
New
For Lease
$10 SF/Yr

823 Eastern Avenue, Schenectady, NY 12308

Vanilla-shell space supports retail or office use.

Space SizeContact for details
Days on Market4

Property Features for 823 Eastern Avenue

General Information

Standard status Active
Property subtype Commercial

Amenities

Central air
Asphalt Roof
Central Air Cooling
Forced Air Heating
Natural Gas Heating
Off Street
On Street
Rubber Roof

Building Details

Year Built 2020
Listing Agency: ARMIDA ROSE REALTY GROUP
Listed By: ANTHONY DURANTE · License #10401327706
Source: Corcoran
Added: Aug 19 Changed: Aug 22 Last Checked: Aug 22 at 4:25AM

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 ARMIDA ROSE REALTY GROUP

Investment Insights

Based on property information with market context.

Renaissance Square offers two separate commercial spaces, each measuring 900 SF, within a multi-use property completed in 2020. The suites cannot be combined and will be delivered in vanilla-shell condition, allowing occupants to complete their own fit-up. Both retail and office uses are supported by the available configuration.

The property is located at 823 Eastern Avenue in Schenectady, along the developing Eastern Ave corridor. The multi-use setting includes 30 residential apartments, creating an integrated commercial and residential environment. Tenants are responsible for utilities and fit-up costs.

Key Highlights

  • Two separate 900 SF commercial spaces
  • New construction completed in 2020
  • Retail and office use supported

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Catering Service Electrical 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

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,141
Businesses Nearby

Demographics for 12308, NY

15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value

Market

Lease Benchmarks for Schenectady, NY

$13.51 /SF/Yr
Avg Asking Price
$1.79–$35 /SF/Yr
Price Range
18,370 SF
Avg Space Size

This space is priced 26% below the average of $13.51 /SF/Yr.

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?
Retail space - Vanilla-shell space supports retail or office use.
Where is this retail space located?
The property is located at 823 Eastern Avenue Schenectady, NY.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Two separate 900 SF commercial spaces; New construction completed in 2020; Retail and office use supported
More about this property
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