162 Sacandaga RdSchenectady, NY 12302

Property Details for 162 Sacandaga Rd

Year built

1963

Lot size

2.50 AC

Property size (Sq ft)

33,685 SF

Zone code

CON

Property type

Strip malls

Property subtype

Neighborhood centers

APN

422201 29.83-1-7.111

APU

422201298317111

Description

Scotia Village Plaza, located at 162 Sacandaga Rd, Scotia, NY 12302, offers prime retail space in Schenectady County. This 33,025 square foot retail center boasts 200 parking spaces and is situated on a 2.5-acre lot. Currently, 11,510 square feet of space is available, with units ranging from 2,000 to 11,510 square feet, offering flexible layouts to suit various business needs. The property features 3-phase 1200 amp power and is zoned for retail commercial use. The plaza enjoys a strong tenant mix, including Dollar General and Comfort Inn & Suites, along with a soon-to-open liquor store, diner, Chinese takeout, and beverage center. This established location benefits from high visibility and convenient access to major routes like Route 50 and NY-5, serving a substantial daily traffic volume. The surrounding area is a thriving bedroom community with close proximity to schools, churches, and residential neighborhoods, boasting a population exceeding 70,000 within a 5-mile radius and a median household income of approximately $74,000. Property taxes are $0.93 per square foot, and NNN expenses are competitively priced at $3.90 per square foot. This makes Scotia Village Plaza a cost-effective and attractive option for businesses seeking a strong location within a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $12,300,778

  6.5%

  $11,354,564

  7%

  $10,543,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,165,783

  Geo Method

  $11,091,231

• Alternative Use

  Use

  Valuation

  Residential

  $9,578,000

  Hospitality

  $8,773,396

  Educational

  $7,299,362

  Medical

  $7,550,399

  Retail

  $11,354,564

Location Insight

City

Scotia

County

Schenectady

State

New York

Latitude

42.8343

Longitude

-73.9697

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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