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    111 Nott Terrace Hts Schenectady, NY 12308

    Sponsored
    For Sale
    $750,000

    Prime 9,900 sq ft lot, high growth area.

    Property size:
    9,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,900 square foot commercial land parcel is ideally situated in the heart of Schenectady's revitalized downtown area. The property boasts a prime location, offering significant potential for a variety of commercial ventures. Previously home to two established businesses operating for a combined 90 years, this turnkey opportunity includes over 5,500 square feet of existing building space, along with substantial equipment, inventory, and existing business licenses. Business #1, an automotive body shop, features a substantial open area capable of accommodating eight vehicles, a lift, compressors, and a comprehensive inventory of tools and equipment, including a used car dealer's license. Business #2, a highly-rated (5-star) dealer and installer of alternative heating products, includes a showroom, office space, and a complete inventory of equipment. The layout is adaptable and well-suited for plumbing, heating, or a wide range of other commercial uses. The building features 15-foot ceilings and three overhead doors, providing ample space and accessibility. This property presents a unique chance to capitalize on the ongoing redevelopment and growth experienced in downtown Schenectady. The asking price is $750,000.

    Property Features for 111 Nott Terrace Hts

    General Information

    Property type
    Land
    Square Feet
    9,900 SF

    HighLights

    • $750,000 asking price for 9,900 SF commercial land parcel.
    • Located at 111 Nott Terrace, Schenectady, NY 12308.
    • Two established businesses (auto body shop and alternative heating products dealer/installer) included with sale; over 5,500 SF, equipment, inventory, and licenses.
    • Downtown Schenectady location in a revitalized area; features 15' ceilings and three overhead doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    36093
    State
    New York
    Longitude
    -73.9334738
    Latitude
    42.8134357

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    FAQs

    What type of property is this?
    Land - Prime 9,900 sq ft lot, high growth area.
    Where is this land located?
    The property is located at 111 Nott Terrace Hts Schenectady, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for 9,900 SF commercial land parcel.; Located at 111 Nott Terrace, Schenectady, NY 12308.; Two established businesses (auto body shop and alternative heating products dealer/installer) included with sale; over 5,500 SF, equipment, inventory, and licenses.
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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
    111 Nott Terrace Hts Schenectady, NY 12308
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