606 7Th St Schenectady, NY 12302
- Warehouses
- 126,000 SF
- 7.01 lot acres
Current Use by Public Records
- Warehouses
Property Details for 606 7Th St
- Year built
- 1943
- Lot size
- 7.01 lot acres
- Property size
- 126,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional industrial property, located at 606 7th Street in Schenectady, NY, presents a compelling investment opportunity. The 126,000-square-foot building sits on a substantial 7.01-acre lot, providing ample space for fleet operations and deliveries. Currently 47.62% occupied by a single tenant under a long-term lease (4-year term commencing January 1, 2024), this Class B industrial building offers significant upside potential. The property boasts 15 loading docks and 15 dock-high doors, along with a ceiling height ranging from 16 to 24 feet, making it ideal for warehousing, storage, or manufacturing. Recent renovations (completed January 2024) include a new roof, façade, and office spaces, enhancing the property's functionality and appeal. The building features 110 parking spaces and benefits from three-phase power with elevated amperage. Strategically located approximately 2.4 miles from I-890, providing easy access to major highways (I-90, I-88, and I-87), this property is situated within the Schenectady Metroplex (Business and Technology Park), a thriving hub for distributors and manufacturers. The asking price is $6,200,000, with a price per square foot of $49.21 and a Net Operating Income (NOI) of $369,999. The property is zoned for industrial use and comprises one single-story building. This owner-user investment opportunity offers a strong return and significant long-term growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9834
- Latitude
- 42.8362
