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Property profile & analytics
FOR LEASE
Investment properties

519 State St Schenectady, NY 12305

5,454 SF 0.1 ac lot Built 1984
Entity Owned Free & Clear
Property ID
US63-2050048
519 State St, Schenectady, NY 12305 For Lease
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519 State St, Schenectady, NY 12305
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Property summary
AI-generated overview

This exceptional 1,000-square-foot office space is located at 519 State Street in Schenectady, NY, within Schenectady County. Part of a larger, three-story building (5,454 total square feet) undergoing complete renovation with completion slated for Q1 2025, this space offers flexible options for various business types, including traditional office, executive office, coworking, medical office, or creative office uses. The property sits on a 0.1-acre lot and boasts a desirable C-4 zoning classification. Built in 1900 and extensively renovated in 2024, the building features 10-foot ceilings. The space includes exclusive access to three parking spaces, with additional municipal parking conveniently located nearby. Its prime location in Schenectady's vibrant downtown business district offers easy access to local amenities, including cafes, restaurants, City Hall, the County Courthouse, and Proctors Theater. The space is available as a single-tenant occupancy and can be customized to meet specific tenant requirements. The APN is 39.80-1-28.1 and the zip code is 12305. This is a unique opportunity to secure high-quality office space in a thriving urban setting. Don't miss this chance to establish your business in a revitalized downtown location.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1984
Total area 5,454 SF
Lot 0.1 ac (4,264 SF)
Zoning code 05 - COMMERCIAL
APN 421500 39.80-1-28.1
UPID US63-2050048
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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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
519 State Propco LLC
519 State Propco LLC
since 2025
Last sale
$138,000
2 recorded transactions
2025
$138,000
2025
$162,500
Zoning & alternative use
05 - COMMERCIAL · Schenectady, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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