Property profile

251 State St Schenectady, NY 12305

OFF-MARKET
Office Spaces
26,176 SF Built 1960
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Bank Loan Service
  • Advocacy Group
  • Medical Clinic

Location

251 State St Schenectady, NY 12305
Schenectady metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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