Description
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,...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.
- Listed by Benjamin R Romer • KW PlatformP: (518)-368-3932 C: (518)-368-3932 bromer@kw.com
Property Details for 1480 State Street
Property Details for 1480 State Street
| Status | Active |
|---|---|
| MLS # | 202517308 |
| Days on Market | 213 |
| Taxes | $29,337 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Sale / Mixed Use |
| Year Built | 1981 |
| Lot Size | 1.10 AC / 47,916 SF |
| County | Schenectady County |
Location
Building Information for 1480 State Street
Payment Calculator
$11,339 per month
30 year fixed, 6.28% Interest
$8,894
$2,445
$0
Property Information for 1480 State Street
- Postal City: Schenectady
- Directions: Corner of Fehr Ave and State Street
- City: Schenectady
- State Or Province: NY
- Postal Code: 12304
- County Or Parish: Schenectady
- Latitude: 42.79
- Longitude: -73.92
- Association Fee: $.00
- Tax Lot: 15
- Tax Block: 3
- Parcel Number: 421500 49.76-3-15
- Tax Tract: 49.76
- Tax Annual Amount: $29,337.19
- Property Type: Commercial Sale
- Property Type Label: Commercial Sale
- Current Use: Investment, Laundromat, Mixed Use
- Year Built: 1981
- Lot Size Dimensions: 240X200
- New Construction: No
- Lot Size Acres: 1.1
- Lot Size Area: 1.1
- Lot Size Units: Acres
- Lot Size Square Feet: 48000.0
- Business Type: Mixed
- Possible Use : Mixed Use: Yes
- Water Source: Public
- Heating: Ductless, Forced Air, Heat Pump
- Flooring: Concrete
- Electric: 200+ Amp Service
- Construction Materials: Block, Brick
- Cooling: Central Air
- Cooling: Yes
- Heating: Yes
- Building Detail : Building Ceiling Height: 12
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: .00
- Bathrooms Total Notational: .00
Property History for 1480 State Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| May 14, 2025 | Price Change GLOBAL MLS #202517308 | $1,800,000 | — |
| May 14, 2025 | Listed (Active) GLOBAL MLS #202517308 | $1,700,000 | — |
| May 6, 2024 | Sold (Public Record) Public Record #1532534266 | $1,285,000 | +4.3% / yr |
| Dec 16, 2016 | Expired GLOBAL MLS #201600921 | — | |
| Jan 17, 2016 | Listed (Active) GLOBAL MLS #201600921 | $1 | — |
| Jun 28, 2014 | Expired GLOBAL MLS #201330738 | — | |
| Oct 9, 2013 | Listed (Active) GLOBAL MLS #201330738 | $1 | — |
| Feb 19, 2007 | Sold GLOBAL MLS #26123953 | $625,000 | — |
| Feb 16, 2007 | Sold (Public Record) Public Record #240766269 | $625,000 | — |
| Dec 12, 2006 | Pending GLOBAL MLS #26123953 | — | |
| Nov 10, 2006 | Listed (Active) GLOBAL MLS #26123953 | $650,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 05/14/2025 | Price Change GLOBAL MLS #202517308 | $1,800,000 |
| 05/14/2025 | Listed (Active) GLOBAL MLS #202517308 | $1,700,000 |
| 05/06/2024 | Sold (Public Record) Public Record #1532534266 | $1,285,000 +4.3% / yr |
| 12/16/2016 | Expired GLOBAL MLS #201600921 | — |
| 01/17/2016 | Listed (Active) GLOBAL MLS #201600921 | $1 |
| 06/28/2014 | Expired GLOBAL MLS #201330738 | — |
| 10/09/2013 | Listed (Active) GLOBAL MLS #201330738 | $1 |
| 02/19/2007 | Sold GLOBAL MLS #26123953 | $625,000 |
| 02/16/2007 | Sold (Public Record) Public Record #240766269 | $625,000 |
| 12/12/2006 | Pending GLOBAL MLS #26123953 | — |
| 11/10/2006 | Listed (Active) GLOBAL MLS #26123953 | $650,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1480 State Street
Schools near 1480 State Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | PK to 6 |
Rating | School | Distance |
|---|---|---|
Woodlawn School PublicPK to 5 | ||
Central Park International Magnet School Public6 to 8 | ||
Schenectady High School Public9 to 12 | ||
Tree of Life Christian Academy PrivatePK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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