1476-1480 State St - Freestanding FOR SALE


Schenectady, NY 12304- Central State
$1,800,000 USD
518-368-3932
1476-1480 State St, Schenectady, NY for Sale
$1,800,000 USD
Freestanding - FOR SALE
1/15
null | Request Cap Rate

1476-1480 State St
Schenectady, NY 12304
Central State


HIGHLIGHTS

  • ? 100% Occupied & Stabilized Asset
  • ?? Strong & Diverse Income Stream
  • ??? Major Capital Improvements Completed
  • ?? Prime Location – High-Traffic Corridor
  • ?? Exceptional Parking & Site Layout
  • ?? Optional Laundromat Business Sale

OVERVIEW

1480 State Street | Turnkey Mixed-Use Retail Plaza – Fully Leased Investment Opportunity An exceptional opportunity to acquire a fully stabilized, income-producing mixed-use plaza in the heart of Schenectady’s revitalized commercial corridor. All retail and residential units are fully leased, offering immediate, dependable cash flow and a diversified tenant mix. This property features 4 street-level retail spaces, 2 residential apartments, a 3,000± SF warehouse, and 2 garage bays with office space, all supported by 65 off-street parking spaces—a rarity in this high-traffic corridor. Located minutes from Downtown Schenectady, Union College, and major highway access, the plaza benefits from consistent visibility and steady consumer traffic. Extensive recent improvements—updated electrical, plumbing, HVAC systems, and an 8-year-old roof—provide investors with a low-maintenance, turnkey asset poised for long-term growth. The property also includes the option to purchase the on-site LAUNDROMAT business (available separately for $600,000), which is separately metered, features a dedicated 6” sewer main, and operates with modern, card-enabled equipment—further enhancing the site’s overall income potential. The new, improved pricing reflects both the strength of the asset and the proven stability of its tenant mix, presenting an exceptional opportunity for investors seeking reliable returns, strong fundamentals, and continued upside in one of the Capital Region’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$83 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

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

47,916 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

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Ben RomerKeller Williams Capital DistrictMore Info
518-368-3932

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