1635-1643 Eastern Pky
Schenectady, NY 12309
EASTERN PARKWAY SHOPPING CENTER · Retail Property For Sale

"Property tours are available by appointment ONLY. Please contact Anne Cabral at 518-795-8951 or acabral@bhhsblake.com to schedule. The Eastern Parkway Shopping Center (the ""Property"") is a ±19,962 SF Retail Shopping Center located in Schenectady, New York. Built in 1920, the Property is situated on a ±0.81-acre parcel at 1635–1643 Eastern Parkway. It is currently ±53.89% occupied by three retail tenants: Family Dollar, The Jewish World, and Platinum Katz. Family Dollar, (±36.48% of NRA and ±85.17% of total revenue) is the largest tenant with a lease expiration date of September 2024 and four (4) five (5) year renewal options. The second largest tenant is The Jewish World (±14.53% of NRA and ±6.27% of total revenue) with a lease expiration of April 2023. The roof is currently leased to Verizon Wireless for the installation, operation, and maintenance of antennas and communications equipment. The Property is situated with road frontage on, and access from, Eastern Parkway. Access to Interstate 890 and Highway 5 is within ±1.3 miles to the southwest. Highway 7 is ±1.5 miles to the southwest, connecting the Property with Troy (±12.8 miles southwest). Albany International Airport is approximately 8 miles southeast of the Property. Immediate surrounding land uses consist primarily of commercial and retail, with residential uses further out in all compass points. A Price Chopper supermarket is directly across Eastern Parkway. There are ±10 bus stops within a half-mile radius. The Eastern Parkway Shopping Center is located in the City of Schenectady, New York. The area’s demographics include an estimated 2018 population of ±94,575 people, with an average household income of ±$79,515 within a 3-mile radius. The Property is within easy access to many shops, restaurants, and businesses along Union Street (Highway 146). Nearby dining options include Gershon’s Deli, Hunan Wok, McDonald’s, Pizza Hut, Bruegger’s Bagels, Dunkin Donuts, Tesoros Café, Subway Restaurants, Golden House, and Mangino’s Gourmet Market. Other area amenities include Rite Aid, CVS, Sunoco, Lukoil, Capital Smiles, Trustco Bank, Schenectady Pediatric Dentistry, Phillips Hardware, Bank of America, Rely Health Care Services, and M&T Bank. The Property benefits from its close proximity within ±1.5 miles of downtown Schenectady, which features a high concentration of dining and amenity options. Proctor's Theatre, a former vaudeville/movie theater, now presents live stage shows. Additional area shopping centers in Schenectady include Mohawk Commons, Hannaford Plaza, and ViaPort Rotterdam."