1594 State StSchenectady, NY 12304

Property Details for 1594 State St

Year built

1997

Lot size

5.42 AC

Property size (Sq ft)

58,005 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

421500 60.21-2-10.111

APU

4215006021210111

Description

Woodlawn Plaza, located at 1594 State St in Schenectady, NY 12304, presents a compelling investment opportunity. This 58,005 square foot multi-tenant property, built in 1982, sits on a 6.12-acre lot and is zoned C-5. Currently, 16,000 square feet of space is available for lease, offering flexible options ranging from 10,890 to 27,443 square feet. The property boasts a prime location within a thriving shopping center, featuring excellent visibility and signage opportunities, particularly the former ALDI space at the main entrance. The center benefits from a large parking area and a signalized access point, ensuring convenient access for customers and employees. Strong co-tenancy includes established businesses such as CSL Plasma, Rotterdam-Schenectady Dialysis Center, Domino's Pizza, AutoPart International, Hertz, and Redemption Centers of NY, creating a vibrant and well-established commercial environment. This property is ideal for a variety of retail or office uses, offering significant potential for growth and profitability in the Schenectady market. The property's Schenectady County location provides easy access to major transportation routes and a strong local customer base. This is a rare opportunity to acquire a substantial space in a well-established shopping center with high visibility and strong co-tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $21,181,732

  6.5%

  $19,552,368

  7%

  $18,155,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,227,290

  Geo Method

  $19,098,912

• Alternative Use

  Use

  Valuation

  Residential

  $16,493,153

  Hospitality

  $15,107,640

  Educational

  $12,569,379

  Medical

  $13,001,659

  Retail

  $19,552,368

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.7862

Longitude

-73.9126

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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