1338 Union St Schenectady, NY 12308

This exceptional 5,043-square-foot executive office building, situated on a prominent corner lot in Schenectady, New York, presents a unique investment opportunity. Built in 1996 and meticulously maintained, this three-story building boasts magnificent historic architecture, reflecting its location on the historic "Doctor's Row." Currently occupied by a professional law firm, the property features eight private offices, a reception area, two conference rooms, and a kitchenette. The building also includes a full basement and offers the potential for expansion, with the possibility of adding additional office or residential space on the third floor. The 0.46-acre lot provides ample space, including an eight-vehicle on-site surface parking lot. Located steps from Union College and Central Park, this property benefits from high visibility and convenient access. The building is constructed of masonry with an asphalt shingle roof (installed in 1996). Zoned R-2 (two-family residential district), it offers flexibility for future use. The property enjoys municipal water and sewer services and features approximately 100 feet of frontage along Union Street. The asking price is $379,000, significantly below replacement cost, and the annual real estate tax is $11,536.14 ($2.29 per square foot). This is a rare opportunity to acquire a well-maintained, historically significant property in a desirable location.