180 Erie Blvd Schenectady, NY 12305
- Investment properties
- 22,080 SF
- 0.17 lot acres
Current Use by Public Records
- clean out king / Contractor
- That's A Great Cigar Shoppe / Cigar Shop
- Schenectady Punishers / Sports Club
- URBAN ReStyle / Antique Store / Furniture Store
Property Details for 180 Erie Blvd
- Year built
- 1924
- Lot size
- 0.17 lot acres
- Property size
- 22,080 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 421500 39.71-3-23
- APU
- 4215003971323
Description
This exceptional mixed-use property, located at 180 Erie Blvd Unit 180 in Schenectady, New York, presents a compelling investment opportunity. Situated on a sizable 0.17-acre lot, this building offers significant potential for a variety of uses, capitalizing on its strategic location within the vibrant Schenectady market. The property's mixed-use designation allows for flexibility in development and tenant occupancy, catering to a diverse range of business needs. While the precise square footage is currently unavailable, the substantial lot size and building footprint suggest considerable space for both commercial and potentially residential applications. The asking price of $995,000 reflects the property's strong potential for return on investment. Given its prime location and versatile zoning, this property is well-suited for both seasoned investors seeking a high-yield asset and entrepreneurs looking to establish a thriving business in a dynamic urban setting. Further due diligence is encouraged to fully assess the property's potential and to develop a comprehensive business plan. This is a rare opportunity to acquire a significant mixed-use property in a rapidly growing area of Schenectady. Serious inquiries are welcome.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $465,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $360,000
- 6.5%
- $305,000
- 7%
- $325,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $410,000
- Mixed-Use
- $385,000
- Hospitality
- $325,000
- Educational
- $350,000
- Residential Income
- $405,000
- Energy
- $345,000
- Income-Based Land
- $375,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9447
- Latitude
- 42.8132
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
