515 Un St Schenectady, NY 12305
This exceptional commercial property, located at 515 Union Street in Schenectady, New York, presents a unique investment opportunity. The 4,338 square foot building, constructed in 2008, is zoned for commercial use and boasts a prime location in Schenectady. Currently vacant, this former restaurant is ready for immediate occupancy and offers a fully functional space with significant potential. Adding to its appeal are three separate apartments, generating consistent rental income. The property also features a substantial outdoor area, ideal for al fresco dining or other uses, and has undergone recent upgrades. The asking price is $750,000, translating to $172.89 per square foot. This represents a compelling opportunity for a savvy investor or restaurateur seeking a well-established location with added income streams and significant upside potential. The property's size, location, and existing features make it an attractive proposition for a variety of commercial ventures. The building's solid construction and recent improvements ensure a smooth transition for any new business. This is a rare chance to acquire a turnkey commercial property in a desirable Schenectady location.
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
05 - COMMERCIAL · 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.