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    OFF-MARKET
    Investment properties

    240 Mohawk Ave, Schenectady, NY 12302

    3,272 SF 0.44 ac lot Built 1979
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-3953270
    Property summary
    AI-generated overview

    This 3,272 square foot building, situated on a 0.44-acre lot in the heart of Scotia, NY, presents a unique opportunity for a variety of businesses. Built in 1979, the property boasts a convenient location at a traffic light, ensuring high visibility and accessibility. The building offers three points of ingress and egress, along with ample parking for 20 vehicles. Excellent signage opportunities are available. The interior comprises 1,200 square feet of existing, built-out office space and a 2,000 square foot clear-span warehouse featuring two drive-in overhead doors. This flexible layout allows for diverse uses, making it suitable for various retail, office, or distribution needs. The property is zoned RC Retail Commercial, providing further adaptability. In addition to leasing, this property is also available for purchase. The building is a single-tenant space, and tenants are responsible for all NNN charges associated with the property. This prime location, combined with its versatile design and ample parking, makes this property an exceptional investment opportunity.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1979
    Total area 3,272 SF
    Lot 0.44 ac (19,205 SF)
    Zoning code CON
    APN 422201 38.35-1-34
    UPID US63-3953270
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    J3 Empire Ventures LLC · 1 yrs held
    J3 Empire Ventures LLC
    since 2025
    1 recorded transaction
    2025
    Zoning & alternative use
    CON · Schenectady, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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