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180 Erie Blvd
Schenectady, NY 12305
Flex Space Retail-Office · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Historic Property
- Many Uses Possible
- Open Floorplates
- Central Downtown Location
- Heavy Daytime Traffic
EXECUTIVE SUMMARY
Incredible redevelopment opportunity in Downtown Schenectady along Erie Boulevard Corridor. Surrounded by many recent and proposed development projects that will be supported by the City of Schenectady's Strategic Investment Plan and the Downtown Revitalization Initiative. Many possible uses for the 23,000+/- SF commercial building including residential mixed-use. Possible Historic Tax Credit opportunity. 3-stories, 7,500+/- SF floorplate, with loading dock access on first level. Incredibly well-maintained. Owner will work to deliver the property vacant to the best of their ability.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
29,400 SF
Building Class
C
Year Built
1926
Price
$995,000
Price Per SF
$33.84
Percent Leased
74%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,667 SF
Building FAR
3.80
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
C-4 - Zoning C-4 Downtown Mixed-Use District - The Downtown Mixed-Use (C-4) District is intended to represent the central business district of the City.
Parking
19 Spaces (0.65 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 039-071-0003-023-000-0000 | Improvements Assessment | $250,700 |
| Land Assessment | $24,700 | Total Assessment | $275,400 |
PROPERTY TAXES
Parcel Number
039-071-0003-023-000-0000
Land Assessment
$24,700
Improvements Assessment
$250,700
Total Assessment
$275,400
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