111 Nott Terrace Hts, Schenectady, NY 12308
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.