515 Union StSchenectady, NY 12305

For Sale
$750,000

Prime Union Street eatery, 4,338 sq ft, vacant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional commercial property, located at 515 Union Street in Schenectady, New York, presents a unique investment opportunity. The 4,338 square foot building, constructed in 2008, is zoned for commercial use and boasts a prime location in Schenectady. Currently vacant, this former restaurant is ready for immediate occupancy and offers a fully functional space with significant potential. Adding to its appeal are three separate apartments, generating consistent rental income. The property also features a substantial outdoor area, ideal for al fresco dining or other uses, and has undergone recent upgrades. The asking price is $750,000, translating to $172.89 per square foot. This represents a compelling opportunity for a savvy investor or restaurateur seeking a well-established location with added income streams and significant upside potential. The property's size, location, and existing features make it an attractive proposition for a variety of commercial ventures. The building's solid construction and recent improvements ensure a smooth transition for any new business. This is a rare chance to acquire a turnkey commercial property in a desirable Schenectady location.

Highlights

  • Prime Schenectady restaurant location at 515 Union Street.
  • Fully functional, 4,338 sq ft building, built in 2008, currently vacant.
  • Three apartments provide consistent rental income.
  • Features a large outdoor area and recent upgrades.
  • Asking price: $750,000 ($172.89/sq ft).

Property Details for 515 Union St

Property type
Other retail properties, Restaurants
Square Feet
4,338 SF
Year Built
2008

Location Insight

City
Schenectady
County
Schenectady
State
New York
Latitude
42.816119767803
Longitude
-73.938063723271
515 Union St, Schenectady, New York

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515 Union St
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