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1245 Kings Rd

24,895 SF Vacant Office Building Schenectady, NY 12303 £1,380,750 (£55/SF)

Investment Highlights

  • 75+ Parking spaces on 6.74 acres.
  • Site includes a converted warehouse with 4,900 SF with 16’ ceilings.

Executive Summary

1245 Kings Road presents an exceptional opportunity, comprising a 3-story, 20,000 square foot office building boasting 8-foot ceilings, accompanied by a detached warehouse/office building spanning 4,900 square feet with lofty 16-foot ceilings. Situated on a sprawling 6.7 acre industrial zoned parcel, this property offers a versatile canvas for various business needs.
Key features of the property include a spacious multi-function conference/training room, providing ample space for collaborative endeavors. Additionally, the property is equipped with the capability for 16-foot overhead doors, affording convenient access from both the front and rear. With existing parking for 100 vehicles and the potential for expansion to the rear of the property, accommodating additional vehicles or equipment is readily feasible. Notably, the rear portion of the property encompasses 2.5 acres of flat yard storage area, ideal for various industrial or logistical purposes.
While bearing a Schenectady address, the property is strategically situated within the Town of Colonie, offering property owners the advantage of lower taxes. This advantageous location combines the benefits of a prime industrial setting with favorable tax considerations, making it an attractive proposition for prospective owners or tenants seeking a strategic base of operations.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
24,895 SF
Building Class
C
Year Built
1980
Price
£1,380,750
Price Per SF
£55
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
8,298 SF
Building FAR
0.08
Land Acres
6.74 AC
Zoning
04
Parking
100 Spaces (4.02 Spaces per 1,000 SF Leased)

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
012689-028-002-0003-015-002-0000
Land Assessment
£117,166
Improvements Assessment
£424,285
Total Assessment
£541,451
  • Listing ID: 17810115

  • Date on Market: 24/10/2019

  • Last Updated:

  • Address: 1245 Kings Rd, Schenectady, NY 12303

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