325 State St Schenectady, NY 12305-2301
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Schenectady, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.