934 State StSchenectady, NY 12307

Property Details for 934 State St

Year built

1970

Lot size

0.21 AC

Property size (Sq ft)

4,800 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

421500 49.42-2-7

APU

421500494227

Description

This exceptional 0.21-acre property located at 934 State Street, Unit 934, Schenectady, NY presents a unique investment opportunity. The property's versatile nature allows for a wide range of potential uses, making it an attractive prospect for both seasoned investors and those new to the commercial real estate market. The substantial 0.21-acre lot offers ample space for development or expansion, depending on the chosen project. The address, 934 State Street, Unit 934, places the property in a convenient and accessible location within Schenectady, offering excellent visibility and potential for high foot traffic. While the square footage is currently unavailable, the significant lot size and flexible zoning (details available upon request) suggest a variety of development possibilities. This property is being offered at a price to be determined, reflecting its unique potential and the opportunity for significant return on investment. Serious inquiries are encouraged to explore the full potential of this exceptional Schenectady property. Further details regarding zoning regulations, permitted uses, and potential development plans are available upon request. Don't miss this chance to acquire a prime piece of Schenectady real estate with significant upside. Act quickly, as opportunities like this are rare.

• CAP approach

  CAP return

  Valuation

  6%

  $1,478,569

  6.5%

  $1,364,833

  7%

  $1,267,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $978,645

  Geo Method

  $972,110

• Alternative Use

  Use

  Valuation

  Residential

  $1,364,833

  Hospitality

  $1,250,180

  Educational

  $1,040,135

  Medical

  $1,075,907

  Retail

  $1,617,988

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.8044

Longitude

-73.9319

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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