450 Duane Ave, Schenectady, NY 12304-2638
This exceptional 97,000-square-foot flex building, situated on a 2.2-acre lot in Schenectady, NY, presents a unique investment opportunity. The property boasts a prime location with over 400 feet of frontage on I-890, providing excellent visibility and accessibility via Exit 6 and the New York State Thruway. Currently vacant, this Class B, four-story building offers immediate occupancy potential. Its flexible C-5 zoning allows for a wide range of uses, including office, research and development (R&D), light manufacturing, and self-storage. Previously occupied by a superconductor technology company, the existing infrastructure ensures operational readiness. The property benefits from its proximity to major retail corridors, including State Street, and numerous amenities such as McDonald's, Dollar General, and Price Rite Marketplace. Schenectady's thriving business environment, with over 16,500 businesses within a 10-mile radius and a growing population, further enhances the investment potential. This adaptable space is perfect for owner-users or investors seeking a high-return opportunity in a dynamic market. The building's strategic location and flexible zoning make it an attractive option for a variety of businesses seeking to establish a presence in this growing area. Property tours are available by appointment.
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Cardio Mag Imaging Inc Medical Clinic
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Epergy LLC Green Energy Supplier
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
03 - MULTI-FAMILY · 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.