1501 State St Schenectady, NY 12304

Property Details for 1501 State St

Year built

1984

Lot size

1.00 lot acres

Property size

15,296 SF

Zone code

05 - COMMERCIAL

Property type

Strip malls

Property subtype

Neighborhood centers

APN

421500 49.76-5-2

APU

421500497652

Description

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.

Location Insight

City

Schenectady

County

Schenectady

State

New York

Longitude

-73.9162

Latitude

42.7919

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments