1476-1480 State St - Freestanding FOR SALE


Schenectady, NY 12304- Central State
$1,700,000 USD
518-368-3932
1476-1480 State St, Schenectady, NY for Sale
$1,700,000 USD
Freestanding - FOR SALE
1/33
null | Request Cap Rate

1476-1480 State St
Schenectady, NY 12304
Central State


HIGHLIGHTS

  • Laundromat business has been dramatically improved operationally and is profitable
  • Located in Central State Street, minutes from downtown Schenectady
  • Opportunity to increase value through rent increases/constructing new space

OVERVIEW

Prime mixed-use retail plaza for sale in a high-traffic location near Downtown Schenectady and major highway access, featuring 4 retail units, 2 residential apartments, a 3,000 sq ft warehouse, and 2 garage bays with office space, plus 65 off-street parking spots. Recent upgrades include electric, plumbing, HVAC, and roof (8 years old), making this a turnkey investment. The on-site LAUNDROMAT business is also available for purchase separately, asking price $500,000—it is separately metered, has a dedicated 6'' sewer main, and is outfitted with modern, credit card-enabled machines. Strong rental income potential with a mix of commercial and residential tenants in place.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1480 State St., Schenectady, NY 12304

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

48,003 SF

ZONING

C-2 Commercial

APN/PARCEL ID

049-076-0003-015-000-0000

ASK ABOUT THIS PROPERTY

Ben RomerKeller Williams Capital DistrictMore Info
518-368-3932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ben RomerKeller Williams Capital DistrictMore Info
518-368-3932

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.