514 Duanesburg RdSchenectady, NY 12306

For Sale
$399,900

Prime Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 2,037 square foot executive office building, located at 514-524 Duanesburg Road in Schenectady, New York, presents a compelling investment opportunity. The property, built in 1950 and situated on a 0.69-acre lot (30,056 square feet), boasts 100% occupancy under a gross lease with a single tenant. The building features a mix of private offices, open workspaces, and a dedicated conference room, providing ample space for a variety of business needs. Twelve convenient parking spaces are available on-site for employees and clients. The property is zoned for commercial use and offers easy access to major highways and public transportation, ensuring convenient commuting for staff and clients. The asking price is $399,900, representing an attractive 8.00% capitalization rate. This turnkey operation provides immediate income and significant potential for future growth. The property's strong location, high occupancy rate, and desirable features make it an ideal investment for discerning buyers seeking a stable and profitable commercial asset in the Schenectady market. The address is 514 Duanesburg Rd, Schenectady, NY 12306.

Highlights

  • 0.69-acre lot, 30,056 square feet.
  • 0.69-acre parcel.

Property Details for 514 Duanesburg Rd

Property type
Other retail properties, Other office properties
Square Feet
2,037 SF
Year Built
1950
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Schenectady
County
Schenectady
State
New York
Latitude
42.787111
Longitude
-73.998057
514 Duanesburg Rd, Schenectady, New York

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514 Duanesburg Rd
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