1619 Eastern PkwySchenectady, NY 12309

Property Details for 1619 Eastern Pkwy

Year built

1981

Lot size

0.21 AC

Property size (Sq ft)

6,196 SF

Zone code

05 - COMMERCIAL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

421500 50.21-3-19

APU

4215005021319

Description

This exceptional commercial property, located at 1619 Eastern Parkway in Schenectady, New York, 12309, presents a fantastic leasing opportunity. The property is a single-tenant retail space, ideal for a variety of businesses. Boasting approximately 1600 square feet, this end-unit location offers excellent visibility and accessibility. The layout includes a spacious retail area at the front, perfect for customer interaction and product display, complemented by convenient storage space located at the rear of the building. Ample parking is available directly in front of the unit, ensuring ease of access for both customers and employees. This property is classified as both retail and land, offering flexibility for potential tenants. The lease is available starting December 2024, with a monthly rental rate of $2200, plus utilities. The property's prime location on Eastern Parkway provides high traffic volume and strong visibility, making it an attractive option for businesses seeking a prominent presence in the Schenectady market. This is a rare opportunity to secure a well-situated, versatile commercial space in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,908,586

  6.5%

  $1,761,772

  7%

  $1,635,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,263,267

  Geo Method

  $1,254,832

• Alternative Use

  Use

  Valuation

  Residential

  $1,761,772

  Hospitality

  $1,613,774

  Educational

  $1,342,641

  Medical

  $1,388,816

  Retail

  $2,088,552

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.8072

Longitude

-73.913

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].