1480 State Street

Closed 9/1/26
Closed 9/1/26
Mixed-used Retail Plaza and Laundromat B
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Sold
Last Sold Price
$2,000,000
21,714 sqft
1480 State St, Schenectady, NY 12304
Mixed UseProperty Type
1.1 acresLot Size
1981Year Built
$92/sq ftPrice per sq ft
65 carsParking Spaces

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,...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 518.368.3932 bromer@kw.com • KW Platform
Listing closed: 09/01/2026 12:00 AM • Source: GLOBAL MLS, MLS#: 202625203
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Location

Listing Courtesy of KW Platform

Sold By The Peoples Real Estate Group

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$12,780 per month

30 year fixed, 6.71% Interest

Principal and Interest

$10,335

Property Taxes

$2,445

HOA Dues

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Property Information for 1480 State Street

Property Details
  • Taxes: $29,337 / year
  • MLS Type: Commercial Sale / Mixed Use
  • County: Schenectady County
  • Zoning: Commercial
  • Parking Total: 65.00
Building Information
  • Year Built: 1981
  • Lot Size: 1.10 AC / 47,916 SF
Summary
Location and General Information
  • 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: 43.03
  • Longitude: -76.15
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Tax Lot: 15.000
  • Tax Block: 3
  • Parcel Number: 421500 49.76-3-15
School Information
  • School District: Schenectady
  • High School: Schenectady
Property
Property and Assessments
  • Property Type: Commercial Sale
  • Property Type Label: Commercial Sale
  • Current Use: Investment, Laundromat, Mixed Use
Lot Information
  • 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
Building Information
  • Building Area Total: 21714.0
  • Living Area: 21714.0
  • Possible Use : Mixed Use: Yes
Utilities
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating: Ductless, Forced Air, Heat Pump
  • Accessibility Features: Other
  • Basement: Other
  • Construction Materials: Block, Brick
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00

Property History for 1480 State Street

DateEvent & SourcePriceAppreciation
Sep 1, 2026

Withdrawn

GLOBAL MLS #202625111

—
Sep 1, 2026

Sold

GLOBAL MLS #202625203

$2,000,000—
Sep 1, 2026

Listed (Active)

GLOBAL MLS #202625203

$1,800,000—
DateEvent & SourcePrice
09/01/2026

Withdrawn

GLOBAL MLS #202625111

—
09/01/2026

Sold

GLOBAL MLS #202625203

$2,000,000
09/01/2026

Listed (Active)

GLOBAL MLS #202625203

$1,800,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1480 State Street

Taxable ValueLand$74,500Additions$647,900Total$722,400
Home Facts
Total Finished SqFt21,714 SqFtAbove Grade Finished SqFt21,714 SqFtStories2Lot Size48,000 SqFtStyleStoresYear Built1981Zoning05 - COMMERCICountySCHENECTADYAPN421500 49.76-3-15

Schools near 1480 State Street

This home is within Schenectady City School District.
Rating
School
Type
Grades
Distance
Woodlawn School
Public - PK to 5
Central Park International Magnet School
Public - 6 to 8
Schenectady High School
Public - 9 to 12
Tree of Life Christian Academy
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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1480 State Street, Schenectady, NY 12304
$2,000,000
–
–
21,714
47,916
4 Elbert Street, Schenectady, NY 12304
$16,500
4
2
1,620
5,152
1472 State Street, Schenectady, NY 12304
$58,500
–
–
3,465
11,840
3 Elbert Street, Schenectady, NY 12304
$31,000
2
1,051
3,840
1 Elbert Street, Schenectady, NY 12304
$27,001
3
1,280
2,613
1481 State Street, Schenectady, NY 12304
$230,000
–
–
3,273
4,550

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Listing Courtesy of KW Platform

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