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    415 State St Schenectady, NY 12305

    Sponsored
    For Lease
    $156 SF/Yr

    Prime location, 7,293 sq ft, sublease opportunity.

    Lot size:
    18,849 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, totaling 7,293 square feet, presents a unique sublease opportunity in the vibrant heart of downtown Schenectady. Located in a three-story Class B building constructed in 1950, this single-tenant property offers a fantastic chance to establish or expand your business. The building boasts a total of 18,849 square feet situated on a 0.25-acre lot. Its prime location directly across from the Proctors Theatre ensures high visibility and foot traffic. The property benefits from a strong commercial zoning designation and is conveniently situated near other thriving businesses on Broadway, offering excellent synergy and networking opportunities. The lease term concludes at the end of 2031, providing a compelling opportunity to secure a favorable sublease agreement. The property's APN is 39.72-2-36. This is an ideal space for businesses seeking a prominent downtown presence with excellent accessibility and a strong surrounding commercial environment. Don't miss this chance to secure a prime retail location in a thriving downtown area.

    Property Features for 415 State St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,849 SF
    Class
    B
    Total Rate
    245037

    Building Details

    Year Built
    1950
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    7,293 SF
    Rate per SF
    $156

    HighLights

    • Prime downtown Schenectady retail space, 7,293 square feet, single‑tenant occupancy.
    • Sublease opportunity expiring end of 2031.
    • Located across from Proctors Theatre in a vibrant downtown Schenectady location.
    • 18,849 total building square feet on a 0.25‑acre lot.
    • Three‑story Class B building, built in 1950, with Commercial zoning.
    • APN: 39.72‑2‑36.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Pharmacy Pharmacy CVS Drug Store UPS Access Point ... Shipping And Mailing Service CDReload at CVS Crypto Atm MoneyGram Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.941514978461
    Latitude
    42.812571030972

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    FAQs

    What type of property is this?
    Retail property - Prime location, 7,293 sq ft, sublease opportunity.
    Where is this retail property located?
    The property is located at 415 State St Schenectady, NY.
    What is the lease rate?
    The lease rate is $156 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Schenectady retail space, 7,293 square feet, single-tenant occupancy.; Sublease opportunity expiring end of 2031.; Located across from Proctors Theatre in a vibrant downtown Schenectady location.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    415 State St Schenectady, NY 12305
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