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671 Mariaville Rd 6,567 SF 100% Leased Retail Building Schenectady, NY 12306 $899,900 ($137.03/SF) 11.50% Cap Rate
Investment Highlights
- Corner Exposure, with heavy daytime vehicle traffic
Executive Summary
Exceptional mixed-use commercial property located on a desirable corner lot at 671 Mariaville Road in Schenectady! This high-visibility location features four established retail tenants — including a pool supply store (Businesses not included in the sale), gun and ammo reseller, and fishing supply shop — anchored by the well-known Wagon Train BBQ Restaurant, a Capital Region favorite drawing consistent foot traffic year-round. Zoned B-1 Commercial, this property offers flexibility for a wide range of future business uses and expansion potential. The second floor includes a well-maintained one-bedroom residential apartment, providing additional income. A stand-alone 16'x20' office space offers build-to-suit opportunities for future tenants seeking a smaller, more manageable retail or professional setup.
Additional income streams include a retail propane fill station, further boosting the property's already strong revenue profile. With estimated projected gross annual rents exceeding $130,000, this property delivers consistent cash flow, multiple income sources, and tremendous upside potential — all in a prime, high-traffic commercial corridor! Real estate only for sale.
Additional income streams include a retail propane fill station, further boosting the property's already strong revenue profile. With estimated projected gross annual rents exceeding $130,000, this property delivers consistent cash flow, multiple income sources, and tremendous upside potential — all in a prime, high-traffic commercial corridor! Real estate only for sale.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$127,200
|
$19.37
|
| Other Income |
$15,000
|
$2.28
|
| Vacancy Loss |
$1,800
|
$0.27
|
| Effective Gross Income |
$140,400
|
$21.38
|
| Taxes |
$16,280
|
$2.48
|
| Operating Expenses |
$6,500
|
$0.99
|
| Total Expenses |
$22,780
|
$3.47
|
| Net Operating Income |
$117,620
|
$17.91
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $127,200 |
| Annual Per SF | $19.37 |
| Other Income | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $2.28 |
| Vacancy Loss | |
|---|---|
| Annual | $1,800 |
| Annual Per SF | $0.27 |
| Effective Gross Income | |
|---|---|
| Annual | $140,400 |
| Annual Per SF | $21.38 |
| Taxes | |
|---|---|
| Annual | $16,280 |
| Annual Per SF | $2.48 |
| Operating Expenses | |
|---|---|
| Annual | $6,500 |
| Annual Per SF | $0.99 |
| Total Expenses | |
|---|---|
| Annual | $22,780 |
| Annual Per SF | $3.47 |
| Net Operating Income | |
|---|---|
| Annual | $117,620 |
| Annual Per SF | $17.91 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
6,567 SF
Building Class
C
Year Built/Renovated
1950/2004
Price
$899,900
Price Per SF
$137.03
Cap Rate
11.50%
NOI
$103,489
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.81 AC
Zoning
B-1 - Commercial B-1 Zoning
Parking
65 Spaces (9.9 Spaces per 1,000 SF Leased)
Frontage
95’ on Mariaville Rd
Amenities
- Corner Lot
- Pool
- Restaurant
- Security System
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Delgallo Country Pools
- Construction
- 1,480 SF
- $2.00
- Plus Utilities
- Oct 2025
- Jess Tenant
- Real Estate
- 800 SF
- $1.50
- Plus Tenant Electric
- Oct 2026
- Propane Fill Retail
- Utilities
- 750 SF
- $2.25
- TBD
- Dec 2025
- Take It To The Bank
- Agriculture, Forestry, Fishing and Hunting
- 600 SF
- $2.00
- Plus Utilities
- Oct 2026
- Wagon Train BBQ
- Retailer
- 2,700 SF
- $1.65
- Plus Utilities
- Oct 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Delgallo Country Pools | Construction | 1,480 SF | $2.00 | Plus Utilities | Oct 2025 | |
| Jess Tenant | Real Estate | 800 SF | $1.50 | Plus Tenant Electric | Oct 2026 | |
| Propane Fill Retail | Utilities | 750 SF | $2.25 | TBD | Dec 2025 | |
| Take It To The Bank | Agriculture, Forestry, Fishing and Hunting | 600 SF | $2.00 | Plus Utilities | Oct 2026 | |
| Wagon Train BBQ | Retailer | 2,700 SF | $1.65 | Plus Utilities | Oct 2026 |
Property Taxes
| Parcel Number | 047-000-0008-004-001-0000 | Total Assessment | $395,000 |
| Land Assessment | $102,200 | Annual Taxes | $16,280 ($2.48/SF) |
| Improvements Assessment | $292,800 | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
047-000-0008-004-001-0000
Land Assessment
$102,200
Improvements Assessment
$292,800
Total Assessment
$395,000
Annual Taxes
$16,280 ($2.48/SF)
Tax Year
2024 Payable 2025
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671 Mariaville Rd
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