1480 S State Street, Schenectady, NY 12304

New - 2 Hours Ago
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Property Description

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.

1480 S State Street | MLS# 202625111

This commercial property located at 1480 S State Street, Schenectady, NY 12304 is currently listed for sale with an asking price of $1,800,000. S State Street is located within the Schenectady school district. Search Schenectady real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial - Multiple
Basement: Other
Cooling: Central Air
Heating: Ductless, Forced Air, Heat Pump
Lot Size: 1.10 Acres
Taxes: $29,337
Year Built: 1981

Feature Descriptions

Accessibility: Other
Current Use: Investment, Laundromat, Mixed Use
Exterior: Block, Brick
Lot Dimensions: 240X200
Parcel #: 421500 49.76-3-15
Parking Total: 65
Parking Total: 65
Sewer: Public Sewer
SQFT Building Total: 21714
Water: Public

Local Schools

High School: Schenectady
School District: Schenectady

Demographics

Listed By / Shown By

Listing By

Agency Name: KW Platform
Agency Phone: 1 518-724-5800

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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