You are browsing as a guest. Register to access key data for free.
Property profile

1401 Erie Blvd Schenectady, NY 12305

OFF-MARKET
Investment properties
Property ID
US63-1442744
View Sample
16,658 SF 0.5 ac lot Built 1984
Individually Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional mixed-use property, located at 1401 Erie Blvd Unit 1401 in Schenectady, New York, presents a unique investment opportunity. Situated on a sizable half-acre lot, this property offers significant potential for a variety of uses, given its mixed-use zoning classification. The asking price is $1,300,000. While the exact square footage is currently unavailable, the substantial lot size suggests ample space for development or expansion. The property's location on Erie Boulevard provides excellent visibility and accessibility, making it an attractive proposition for businesses seeking a high-traffic location. The address indicates a unit within a larger building, though further details regarding the building's specifics are not currently available. This property is ideal for an investor looking to capitalize on the growing Schenectady market or a business seeking a prominent location to establish or expand its operations. The half-acre lot offers considerable flexibility for future development or expansion, allowing for significant customization to meet specific needs. Serious inquiries are encouraged to explore the full potential of this promising investment opportunity. Further information regarding the property's specifics, including square footage and building details, can be provided upon request. Don't miss this chance to acquire a prime piece of Schenectady real estate.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1984
Total area 16,658 SF
Lot 0.5 ac (21,867 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.56-3-43.11
UPID US63-1442744

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
  • Powder Coating Service
  • Discount Store
  • Auto Parts Store
  • Accounting Firm Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
$744k
Blend (final) Blend
$415k

Owner & transaction history

since 2023
Last sale
$565,000
5 recorded transactions
2023
$565,000
2019
Price N/A
2018
$500
2017
$500
1969
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Schenectady, NY

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1401 Erie Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message