447 State St Schenectady, NY 12305
This exceptional mixed-use property, located at 447 State Street, Unit 447, Schenectady, NY, presents a compelling investment opportunity. Situated on a sizable 0.08-acre lot, this building offers significant potential for a variety of uses. The property's precise square footage is currently unavailable, however, the asking price of $799,800 reflects its strong potential for return. The address indicates a prime location within Schenectady, suggesting convenient access to local amenities, transportation networks, and a potentially strong tenant base. The mixed-use designation opens doors to a range of possibilities, from retail and commercial ventures on the ground floor to residential units above. Investors will appreciate the potential for diverse income streams and long-term appreciation. Further due diligence is encouraged to fully assess the property's potential and to determine the optimal utilization strategy. This property is being offered as-is, and interested parties are responsible for conducting their own independent inspections and assessments. The substantial lot size offers possibilities for future expansion or development, subject to local zoning regulations and approvals. This is a rare opportunity to acquire a well-situated mixed-use property in a growing market. Serious inquiries only.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
5 · Schenectady, NYSchenectady. Always verify with local authorities before improvements.
Costs & 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.