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    OFF-MARKET
    Office Spaces

    251 State St, Schenectady, NY 12305

    26,176 SF Built 1960
    Property ID
    Property summary
    AI-generated overview

    This exceptional two-story office building, situated on a 0.83-acre lot in the heart of Schenectady, offers a prime opportunity for businesses seeking versatile and conveniently located space. Built in 1960, the 26,176 square foot building features a mix of executive and traditional office suites, with 7,172 square feet currently available for lease. The available space ranges from 136 to 2,669 square feet, providing flexibility for various business needs. The building boasts a 9-foot ceiling height and ample parking with 15 spaces available. An elevator ensures convenient access to both floors. Its central downtown location provides easy access to public transportation, including the train station, as well as City Hall, the Police Station, the County Building, and numerous restaurants. The property's zoning is designated as 05-Commercial, and its convenient access to I-890 and the NYS Thruway makes commuting a breeze. The gross rent structure simplifies lease terms. Potential tenants can benefit from the opportunity to customize the space to perfectly suit their operational requirements. This is an excellent opportunity to establish a presence in a thriving downtown area. The property's APN is 39.71-2-11.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1960
    Total area 26,176 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Emergency Dentist Schenectady Dental Office
    • Saratoga National Bank Bank Loan Service
    • IUE-CWA Local 301 Advocacy Group
    • AloeCounselingAssociatesLLC Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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