519 State St Schenectady, NY 12305
For Lease
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.
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.