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671 Mariaville Rd 6,567 SF 100% Leased Retail Building Schenectady, NY 12306 $1,230,208 CAD ($187.33 CAD/SF) 11.50% Cap Rate
Investment Highlights
- Corner Exposure, with heavy daytime vehicle traffic
Executive Summary
Exceptional mixed-use commercial property located on a desirable corner lot at 671 Mariaville Road in Schenectady! This high-visibility location features four established retail tenants — including a pool supply store (Businesses not included in the sale), gun and ammo reseller, and fishing supply shop — anchored by the well-known Wagon Train BBQ Restaurant, a Capital Region favorite drawing consistent foot traffic year-round. Zoned B-1 Commercial, this property offers flexibility for a wide range of future business uses and expansion potential. The second floor includes a well-maintained one-bedroom residential apartment, providing additional income. A stand-alone 16'x20' office space offers build-to-suit opportunities for future tenants seeking a smaller, more manageable retail or professional setup.
Additional income streams include a retail propane fill station, further boosting the property's already strong revenue profile. With estimated projected gross annual rents exceeding $130,000, this property delivers consistent cash flow, multiple income sources, and tremendous upside potential — all in a prime, high-traffic commercial corridor! Real estate only for sale.
Additional income streams include a retail propane fill station, further boosting the property's already strong revenue profile. With estimated projected gross annual rents exceeding $130,000, this property delivers consistent cash flow, multiple income sources, and tremendous upside potential — all in a prime, high-traffic commercial corridor! Real estate only for sale.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$173,889
|
$26.48
|
| Other Income |
$20,506
|
$3.12
|
| Vacancy Loss |
$2,461
|
$0.37
|
| Effective Gross Income |
$191,934
|
$29.23
|
| Taxes |
$22,256
|
$3.39
|
| Operating Expenses |
$8,886
|
$1.35
|
| Total Expenses |
$31,141
|
$4.74
|
| Net Operating Income |
$160,792
|
$24.48
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $173,889 |
| Annual Per SF | $26.48 |
| Other Income (CAD) | |
|---|---|
| Annual | $20,506 |
| Annual Per SF | $3.12 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,461 |
| Annual Per SF | $0.37 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $191,934 |
| Annual Per SF | $29.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,256 |
| Annual Per SF | $3.39 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,886 |
| Annual Per SF | $1.35 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,141 |
| Annual Per SF | $4.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $160,792 |
| Annual Per SF | $24.48 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
6,567 SF
Building Class
C
Year Built/Renovated
1950/2004
Price
$1,230,208 CAD
Price Per SF
$187.33 CAD
Cap Rate
11.50%
NOI
$141,474 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.81 AC
Zoning
B-1 - Commercial B-1 Zoning
Parking
65 Spaces (9.9 Spaces per 1,000 SF Leased)
Frontage
95’ on Mariaville Rd
Amenities
- Corner Lot
- Pool
- Restaurant
- Security System
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Delgallo Country Pools
- Construction
- 1,480 SF
- $2.73 CAD
- Plus Utilities
- Oct 2025
- Jess Tenant
- Real Estate
- 800 SF
- $2.05 CAD
- Plus Tenant Electric
- Oct 2026
- Propane Fill Retail
- Utilities
- 750 SF
- $3.08 CAD
- TBD
- Dec 2025
- Take It To The Bank
- Agriculture, Forestry, Fishing and Hunting
- 600 SF
- $2.73 CAD
- Plus Utilities
- Oct 2026
- Wagon Train BBQ
- Retailer
- 2,700 SF
- $2.26 CAD
- Plus Utilities
- Oct 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Delgallo Country Pools | Construction | 1,480 SF | $2.73 CAD | Plus Utilities | Oct 2025 | |
| Jess Tenant | Real Estate | 800 SF | $2.05 CAD | Plus Tenant Electric | Oct 2026 | |
| Propane Fill Retail | Utilities | 750 SF | $3.08 CAD | TBD | Dec 2025 | |
| Take It To The Bank | Agriculture, Forestry, Fishing and Hunting | 600 SF | $2.73 CAD | Plus Utilities | Oct 2026 | |
| Wagon Train BBQ | Retailer | 2,700 SF | $2.26 CAD | Plus Utilities | Oct 2026 |
Property Taxes
| Parcel Number | 047-000-0008-004-001-0000 | Total Assessment | $540,901 CAD |
| Land Assessment | $139,950 CAD | Annual Taxes | $22,256 CAD ($3.39 CAD/SF) |
| Improvements Assessment | $400,952 CAD | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
047-000-0008-004-001-0000
Land Assessment
$139,950 CAD
Improvements Assessment
$400,952 CAD
Total Assessment
$540,901 CAD
Annual Taxes
$22,256 CAD ($3.39 CAD/SF)
Tax Year
2024 Payable 2025
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671 Mariaville Rd
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