1814 State StSchenectady, NY 12304

Property Details for 1814 State St

Year built

1978

Lot size

0.51 AC

Property size (Sq ft)

2,360 SF

Zone code

05 - COMMERCIAL

Property type

Automotive properties

APN

421500 60.47-1-1.2

APU

4215006047112

Description

This exceptional retail property, located at 1814 State Street, Unit 1814 in Schenectady, New York, presents a unique investment opportunity. Situated on a sizable 0.51-acre lot, this property offers significant potential for a variety of retail businesses. The asking price is $749,000. The property's address is highly visible and benefits from substantial foot and vehicle traffic, ensuring excellent exposure for any tenant. The building's precise square footage is currently unavailable, however, the generous lot size allows for ample space for expansion or outdoor amenities, depending on the intended use. This prime location in Schenectady offers easy access to major transportation routes, making it convenient for both customers and employees. The property's strategic positioning within the city ensures high visibility and accessibility, making it an ideal location for a thriving retail enterprise. Given its size and location, this property represents a rare opportunity to acquire a significant retail presence in a bustling area of Schenectady. Serious inquiries are encouraged to explore the potential of this exceptional commercial property. Further details regarding the building's interior and specifications are available upon request. Don't miss this chance to secure a prominent retail space in a thriving New York market.

• CAP approach

  CAP return

  Valuation

  6%

  $861,803

  6.5%

  $795,510

  7%

  $738,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $782,284

  Geo Method

  $777,061

• Alternative Use

  Use

  Valuation

  Residential

  $671,043

  Hospitality

  $614,672

  Educational

  $511,400

  Medical

  $528,987

  Retail

  $795,510

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.7798

Longitude

-73.904

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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