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    180 Erie Blvd Schenectady, NY 12305

    Sponsored
    For Sale
    $1,100,000

    Downtown Schenectady Mixed-Use Building

    Property size:
    22,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional three-story, 22,080-square-foot mixed-use building presents a compelling redevelopment opportunity in Schenectady, NY's vibrant downtown. Located on Erie Boulevard, this Class B property boasts a 7,440-square-foot lot and is zoned C-4, offering diverse potential uses. The building features approximately 7,500 square feet per floor, high 15-foot ceilings, and convenient loading dock access with one dock and twelve dock-high doors. Currently configured as an apartment building, creative office, and flex space, it's ideally suited for adaptive reuse. The property is incredibly well-maintained and the seller will strive to deliver vacant possession. This prime location benefits from significant recent and planned development activity, supported by the City's Strategic Investment Plan and Downtown Revitalization Initiative. The building's historic nature may qualify for potential Historic Tax Credits. With its central location and high daytime traffic, this is an exceptional investment prospect. The current lease expires August 30, 2024, and the asking price is $1,100,000. The property's APN is 39.71-3-23. This is a rare chance to acquire a substantial property in a rapidly growing area.

    Property Features for 180 Erie Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    22,080 SF
    Class
    B

    Building Details

    Stories
    3

    HighLights

    • Exceptional redevelopment opportunity: 22,080 SF, three‑story mixed‑use building in Schenectady, NY's downtown.
    • Prime downtown location on Erie Boulevard with high daytime traffic.
    • 7,440 SF lot, C‑4 zoning allows diverse uses; building features 7,500 SF per floor, 15' ceilings, loading dock with one dock and twelve dock‑high doors.
    • Historic building, potential for Historic Tax Credits; currently configured as apartments, creative office, and flex space; seller will strive for vacant possession upon closing. Asking price: $1,100,000; APN: 39.71‑3‑23.
    Property Profile Location Intelligence

    Current Use by Public Records

    clean out king Contractor That's A Great Cigar ... Cigar Shop Schenectady Punishers Sports Club URBAN ReStyle Antique Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.945039629745
    Latitude
    42.813566456745

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Schenectady Mixed-Use Building
    Where is this multifamily property located?
    The property is located at 180 Erie Blvd Schenectady, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Exceptional redevelopment opportunity: 22,080 SF, three-story mixed-use building in Schenectady, NY's downtown.; Prime downtown location on Erie Boulevard with high daytime traffic.; 7,440 SF lot, C-4 zoning allows diverse uses; building features 7,500 SF per floor, 15' ceilings, loading dock with one dock and twelve dock-high doors.
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    180 Erie Blvd Schenectady, NY 12305
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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
    180 Erie Blvd Schenectady, NY 12305
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