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671 Mariaville Rd 6,567 SF 79% Leased Retail Building Schenectady, NY 12306 $1,256,188 CAD ($191.29 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 |
$177,561
|
$27.04
|
| Other Income |
$20,939
|
$3.19
|
| Vacancy Loss |
$2,513
|
$0.38
|
| Effective Gross Income |
$195,987
|
$29.84
|
| Taxes |
$22,726
|
$3.46
|
| Operating Expenses |
$9,073
|
$1.38
|
| Total Expenses |
$31,799
|
$4.84
|
| Net Operating Income |
$164,188
|
$25.00
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $177,561 |
| Annual Per SF | $27.04 |
| Other Income (CAD) | |
|---|---|
| Annual | $20,939 |
| Annual Per SF | $3.19 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,513 |
| Annual Per SF | $0.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $195,987 |
| Annual Per SF | $29.84 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,726 |
| Annual Per SF | $3.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,073 |
| Annual Per SF | $1.38 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,799 |
| Annual Per SF | $4.84 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $164,188 |
| Annual Per SF | $25.00 |
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
$1,256,188 CAD
Price Per SF
$191.29 CAD
Cap Rate
11.50%
NOI
$144,462 CAD
Percent Leased
79%
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
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
- $2.79 CAD
- Plus Utilities
- Oct 2025
- Jess Tenant
- Real Estate
- 800 SF
- $2.09 CAD
- Plus Tenant Electric
- Oct 2026
- Propane Fill Retail
- Utilities
- 750 SF
- $3.14 CAD
- TBD
- Dec 2025
- Take It To The Bank
- Agriculture, Forestry, Fishing and Hunting
- 600 SF
- $2.79 CAD
- Plus Utilities
- Oct 2026
- Wagon Train BBQ
- Retailer
- 2,700 SF
- $2.30 CAD
- Plus Utilities
- Oct 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Delgallo Country Pools | Construction | 1,480 SF | $2.79 CAD | Plus Utilities | Oct 2025 | |
| Jess Tenant | Real Estate | 800 SF | $2.09 CAD | Plus Tenant Electric | Oct 2026 | |
| Propane Fill Retail | Utilities | 750 SF | $3.14 CAD | TBD | Dec 2025 | |
| Take It To The Bank | Agriculture, Forestry, Fishing and Hunting | 600 SF | $2.79 CAD | Plus Utilities | Oct 2026 | |
| Wagon Train BBQ | Retailer | 2,700 SF | $2.30 CAD | Plus Utilities | Oct 2026 |
PROPERTY TAXES
| Parcel Number | 047-000-0008-004-001-0000 | Total Assessment | $556,993 CAD |
| Land Assessment | $144,113 CAD | Annual Taxes | $22,726 CAD ($3.46 CAD/SF) |
| Improvements Assessment | $412,880 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
047-000-0008-004-001-0000
Land Assessment
$144,113 CAD
Improvements Assessment
$412,880 CAD
Total Assessment
$556,993 CAD
Annual Taxes
$22,726 CAD ($3.46 CAD/SF)
Tax Year
2024 Payable 2025
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671 Mariaville Rd
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