1705 BroadwaySchenectady, NY 12306

Property Details for 1705 Broadway

Year built

1955

Lot size

0.11 AC

Property size (Sq ft)

1,355 SF

Zone code

5

Property type

Auto shops

APN

421500 48.52-3-35

APU

4215004852335

Description

This exceptional investment opportunity presents a prime commercial property located at 1705 Broadway in Schenectady, New York, 12306. The asking price for the entire property is $680,000. The property consists of a 0.11-acre lot currently housing a thriving automotive repair business. The business itself, including fixtures, furniture, and equipment (FFE), is available for an additional $225,000. A lease-back agreement is in place with the seller for approximately 1400 square feet of space, including exterior parking, at a monthly net-net-net (NNN) rent of $3500. This provides immediate and substantial rental income upon acquisition. The business boasts newer equipment and benefits from a high-traffic location on busy Broadway, ensuring consistent customer flow and profitability. The building's square footage is not currently specified, but the lease-back agreement details the space utilized by the seller. This presents a unique opportunity to acquire a profitable, established business alongside a valuable commercial property in a desirable Schenectady location. The property's precise square footage will need to be verified independently. This is an ideal investment for those seeking a blend of immediate rental income and long-term growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $494,806

  6.5%

  $456,744

  7%

  $424,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $449,151

  Geo Method

  $446,152

• Alternative Use

  Use

  Valuation

  Residential

  $385,281

  Hospitality

  $352,915

  Educational

  $293,621

  Medical

  $303,719

  Retail

  $456,744

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.7995

Longitude

-73.9612

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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