1480 State Street

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 spacesa 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 improvementsupdated electrical, plumbing, HVAC systems, and an 8-year-old roofprovide 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 equipmentfurther 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.