714 BroadwaySchenectady, NY 12305
- Investment properties
- 2,362 SF
Property Details for 714 Broadway
- Year built
- 1984
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 2,362 SF
- Zone code
- 06 - INDUSTRIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 421500 49.31-1-34.1
- APU
- 42150049311341
Description
This exceptional mixed-use property, located at 714 Broadway Unit 714 in Schenectady, New York, presents a compelling investment opportunity. Situated on a 0.06-acre lot, this property offers significant potential for a variety of uses, given its mixed-use zoning classification. The asking price is $90,000, representing a strong value proposition in the current market. While the precise square footage is currently unavailable, the property's size and location suggest ample space for development or expansion. The address, 714 Broadway Unit 714, places the property in a vibrant and accessible area of Schenectady, offering convenient access to local amenities, transportation routes, and a thriving community. This makes it an ideal location for a range of businesses or residential conversions, depending on the investor's vision. Further due diligence is encouraged to fully assess the property's potential and to determine the precise square footage and zoning regulations. The property's location and price point make it an attractive investment for both seasoned and emerging investors seeking a foothold in the Schenectady real estate market. Serious inquiries are welcome. This is a chance to acquire a well-positioned mixed-use property in a growing city at an attractive price.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $586,757
- 6.5%
- $541,622
- 7%
- $502,935
-
Comparable approach
- Method
- Valuation
- Relative Method
- $310,693
- Geo Method
- $308,619
-
Alternative Use
- Use
- Valuation
- Residential
- $671,612
- Hospitality
- $615,193
- Educational
- $511,833
- Medical
- $529,436
- Retail
- $796,185
Location Insight
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Latitude
- 42.8051
- Longitude
- -73.9491
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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