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Investment Highlights

  • Beautiful historic property with unique design and decor!
  • 3rd floor loft with ladder
  • new countertops and appliances

Executive Summary

Positioned in the vibrant Downtown Schenectady corridor, 402 Union Street offers an attractive mixed-use opportunity within a growing urban core. The property spans over 4,000 square feet on a sizable lot, providing flexible potential for retail, office, or service-oriented businesses. Its location rests within a district experiencing strong revitalization, surrounded by established dining, cultural centers, and retail destinations.
The site offers frontage along Union Street, ensuring strong visibility and accessibility for both pedestrian and vehicular traffic. Investors can leverage proximity to key employers, local colleges, and major transportation routes, including Interstates 890 and 90. This historic neighborhood supports a diverse business mix and draws consistent footfall from nearby residential areas and entertainment venues such as Proctors Theatre and Rivers Casino.
With redevelopment and adaptive reuse opportunities, this property is well-suited for owner-users or investors seeking stable long-term upside in an established urban setting with infrastructure in place.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,200 SF
Building Class
C
Year Built
1950
Price
$1,649,952 CAD
Price Per SF
$392.85 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.42
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
5
Parking
15 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
51’ on Union Street
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100

Nearby Major Retailers

CrossFit
KeyBank
Denny's
NBT Bank
TrustCo Bank
Starbucks

Property Taxes

Property Taxes

Parcel Number
039-064-0003-004-001-0000
Land Assessment
$38,358 CAD
Improvements Assessment
$192,614 CAD
Total Assessment
$230,971 CAD
  • Listing ID: 40486216

  • Date on Market: 2026-05-11

  • Last Updated:

  • Address: 402 Union St, Schenectady, NY 12305

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