1501 State St, Schenectady, NY 12304

This exceptional commercial property, located at 1501 State Street in Schenectady, New York, presents a unique investment opportunity. The property encompasses a substantial 15,296 square feet of retail space situated on a generous 43,560 square foot lot. Its prime corner location ensures high visibility and accessibility, contributing to a consistent history of strong rental performance. The existing building offers ample space for a variety of retail uses, and the property further benefits from approved plans for expansion. These plans allow for the addition of two new buildings, one approximately 2,500 square feet and another approximately 3,000 square feet, significantly increasing the potential rental income and overall value of the property. The property is zoned for commercial use and is conveniently located in Schenectady, NY, zip code 12304, offering easy access to major transportation routes and a thriving local market. The asking price for this exceptional commercial property is $2,400,000. This represents a compelling investment opportunity for those seeking a high-return property with significant growth potential in a desirable location. The property's size, location, and expansion possibilities make it an ideal choice for savvy investors looking to capitalize on the robust Schenectady commercial real estate market.