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671 Mariaville Rd 6,567 SF 100% Leased Retail Building Schenectady, NY 12306 $1,250,852 CAD ($190.48 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 |
$176,807
|
$26.92
|
| Other Income |
$20,850
|
$3.17
|
| Vacancy Loss |
$2,502
|
$0.38
|
| Effective Gross Income |
$195,155
|
$29.72
|
| Taxes |
$22,629
|
$3.45
|
| Operating Expenses |
$9,035
|
$1.38
|
| Total Expenses |
$31,664
|
$4.82
|
| Net Operating Income |
$163,491
|
$24.90
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,807 |
| Annual Per SF | $26.92 |
| Other Income (CAD) | |
|---|---|
| Annual | $20,850 |
| Annual Per SF | $3.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,502 |
| Annual Per SF | $0.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $195,155 |
| Annual Per SF | $29.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,629 |
| Annual Per SF | $3.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,035 |
| Annual Per SF | $1.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,664 |
| Annual Per SF | $4.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $163,491 |
| Annual Per SF | $24.90 |
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
$1,250,852 CAD
Price Per SF
$190.48 CAD
Cap Rate
11.50%
NOI
$143,848 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
- $2.78 CAD
- Plus Utilities
- Oct 2025
- Jess Tenant
- Real Estate
- 800 SF
- $2.08 CAD
- Plus Tenant Electric
- Oct 2026
- Propane Fill Retail
- Utilities
- 750 SF
- $3.13 CAD
- TBD
- Dec 2025
- Take It To The Bank
- Agriculture, Forestry, Fishing and Hunting
- 600 SF
- $2.78 CAD
- Plus Utilities
- Oct 2026
- Wagon Train BBQ
- Retailer
- 2,700 SF
- $2.29 CAD
- Plus Utilities
- Oct 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Delgallo Country Pools | Construction | 1,480 SF | $2.78 CAD | Plus Utilities | Oct 2025 | |
| Jess Tenant | Real Estate | 800 SF | $2.08 CAD | Plus Tenant Electric | Oct 2026 | |
| Propane Fill Retail | Utilities | 750 SF | $3.13 CAD | TBD | Dec 2025 | |
| Take It To The Bank | Agriculture, Forestry, Fishing and Hunting | 600 SF | $2.78 CAD | Plus Utilities | Oct 2026 | |
| Wagon Train BBQ | Retailer | 2,700 SF | $2.29 CAD | Plus Utilities | Oct 2026 |
PROPERTY TAXES
| Parcel Number | 047-000-0008-004-001-0000 | Total Assessment | $540,672 CAD |
| Land Assessment | $139,890 CAD | Annual Taxes | $22,629 CAD ($3.45 CAD/SF) |
| Improvements Assessment | $400,782 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
047-000-0008-004-001-0000
Land Assessment
$139,890 CAD
Improvements Assessment
$400,782 CAD
Total Assessment
$540,672 CAD
Annual Taxes
$22,629 CAD ($3.45 CAD/SF)
Tax Year
2024 Payable 2025
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671 Mariaville Rd
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