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Listed by Benjamin R Romer • KW Platform
$1,800,000
Est. payment /mo
21,714 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,714 sqft
Price per Sqft $82
MLS Listing ID 202625111
HOA Y/N No
Year Built 1981
Annual Tax Amount $29,337
Lot Size 1.102 Acres
Acres 1.1
Lot Dimensions 240X200
Property Sub-Type Mixed Use
Source Global MLS
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.
Location
State NY
County Schenectady
Zoning Commercial
Direction Corner of Fehr Ave and State Street
Interior
Heating Ductless, Forced Air, Heat Pump
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Schenectady
Others
Tax ID 421500 49.76-3-15
Special Listing Condition Other
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