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Property profile & analytics
OFF-MARKET Estimated value $2,495,000
Investment properties

325 State St Schenectady, NY 12305-2301

24,232 SF 0.29 ac lot Built 1900
Entity Owned ~ Est. High Equity
Property ID
US63-5122044
Property summary
AI-generated overview

This exceptional three-story, 27,780-square-foot commercial building at 325 State Street in Schenectady, New York, presents a unique investment opportunity. Completely renovated in 2014, the property currently operates as a restaurant with a seating capacity exceeding 400, including a private patio. The layout includes two full production lines on the first floor, a kitchen prep area on the second, and office spaces plus an owner's apartment on the third floor. The 0.29-acre lot is zoned C-4, offering flexibility for diverse uses. Its prime location near hotels, a state-of-the-art aquatic center, and a new hockey rink ensures high visibility and foot traffic. The building's substantial size allows for conversion to office space, residential units, or continued use as an entertainment venue. With its versatile design and strategic location in a rapidly developing area, this property is poised for significant growth and return on investment. The building features a separate banquet room with seating for 50 guests. The property's address is 325 State St, Schenectady, NY 12305, and its APN is 39.92-2-44.1. The asking price is $1,350,000. This is a single-unit building constructed in 2004.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 24,232 SF
Lot 0.29 ac (12,632 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.72-2-44.1
UPID US63-5122044
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
by Request
Comparable Approach Comparable
$2.26M
Blend (final) Blend
$2.50M
Owner & transaction history
Bread & Roses LLC
Bread & Roses LLC
3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $3.6M +114.2%
Office building $2.4M +42.0%
Auto repair, garage $2.4M +39.0%
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