325 State StSchenectady, NY 12305

Property Details for 325 State St

Year built

1900

Lot size

0.29 AC

Property size (Sq ft)

24,232 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Live-work space

APN

421500 39.72-2-44.1

APU

42150039722441

Description

This exceptional three-story, 27,780-square-foot commercial building at 325 State Street in Schenectady, New York, presents a unique investment opportunity. Completely renovated in 2014, the property currently operates as a restaurant with a seating capacity exceeding 400, including a private patio. The layout includes two full production lines on the first floor, a kitchen prep area on the second, and office spaces plus an owner's apartment on the third floor. The 0.29-acre lot is zoned C-4, offering flexibility for diverse uses. Its prime location near hotels, a state-of-the-art aquatic center, and a new hockey rink ensures high visibility and foot traffic. The building's substantial size allows for conversion to office space, residential units, or continued use as an entertainment venue. With its versatile design and strategic location in a rapidly developing area, this property is poised for significant growth and return on investment. The building features a separate banquet room with seating for 50 guests. The property's address is 325 State St, Schenectady, NY 12305, and its APN is 39.92-2-44.1. The asking price is $1,350,000. This is a single-unit building constructed in 2004.

• CAP approach

  CAP return

  Valuation

  6%

  $6,019,604

  6.5%

  $5,556,558

  7%

  $5,159,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,187,435

  Geo Method

  $3,166,153

• Alternative Use

  Use

  Valuation

  Residential

  $6,890,132

  Hospitality

  $6,311,324

  Educational

  $5,250,947

  Medical

  $5,431,536

  Retail

  $8,168,140

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.8137

Longitude

-73.9426

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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