Property profile

415 State St Schenectady, NY 12305

OFF-MARKET
Retail properties & Spaces
18,849 SF Built 1950
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Property summary

AI-generated overview

This exceptional retail space, totaling 7,293 square feet, presents a unique sublease opportunity in the vibrant heart of downtown Schenectady. Located in a three-story Class B building constructed in 1950, this single-tenant property offers a fantastic chance to establish or expand your business. The building boasts a total of 18,849 square feet situated on a 0.25-acre lot. Its prime location directly across from the Proctors Theatre ensures high visibility and foot traffic. The property benefits from a strong commercial zoning designation and is conveniently situated near other thriving businesses on Broadway, offering excellent synergy and networking opportunities. The lease term concludes at the end of 2031, providing a compelling opportunity to secure a favorable sublease agreement. The property's APN is 39.72-2-36. This is an ideal space for businesses seeking a prominent downtown presence with excellent accessibility and a strong surrounding commercial environment. Don't miss this chance to secure a prime retail location in a thriving downtown area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 18,849 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
  • Pharmacy
  • Pharmacy
  • Courier Service Postal Service
  • Crypto Atm
  • Bank Credit Union

Location

415 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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