101 State StSchenectady, NY 12305

Property Details for 101 State St

Year built

1981

Lot size

0.07 AC

Property size (Sq ft)

5,388 SF

Zone code

05 - COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

421500 39.71-2-27

APU

4215003971227

Description

This exceptional property at 101 State Street in Schenectady, NY, presents a unique opportunity. Built in 1760, this two-story building boasts 5,388 square feet of vacant space, perfect for a single tenant seeking a distinctive location. The building's rich history and architectural character are undeniable assets, offering a unique ambiance for any business. With a 9-foot ceiling height, the space is versatile and adaptable to various office or retail configurations. The 0.07-acre lot provides ample space for outdoor activities or signage. The property is zoned for commercial use (05-Commercial) and is conveniently located on State Street, at the edge of the Historic Stockade district and across from new developments and SUNY Schenectady. While there is no on-site parking, the central location offers easy access to public transportation and other amenities. The building features no elevators. The APN is 39.71-2-27, and the Schenectady County location provides access to a vibrant community and strong local economy. This is a rare chance to own a piece of Schenectady's history and establish a thriving business in a highly visible and desirable location. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,338,463

  6.5%

  $1,235,504

  7%

  $1,147,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $708,728

  Geo Method

  $703,996

• Alternative Use

  Use

  Valuation

  Residential

  $1,532,025

  Hospitality

  $1,403,327

  Educational

  $1,167,551

  Medical

  $1,207,705

  Retail

  $1,816,191

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.8154

Longitude

-73.9474

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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