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Property profile & analytics
OFF-MARKET
Investment properties

515 Un St Schenectady, NY 12305

4,338 SF 0.28 ac lot Built 2008
Entity Owned Free & Clear
Property ID
US63-6184520
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2008
Total area 4,338 SF
Lot 0.28 ac (12,197 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.65-1-26
UPID US63-6184520
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
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Comparable Approach Comparable
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Owner & transaction history
441 State St Realty LLC
441 State St Realty LLC
since 2025
Last sale
$325,000
7 recorded transactions
2025
$325,000
2018
Price N/A
2017
$500
2017
$100,000
2017
$500
2016
$500
2005
$245,000
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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