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703 Union Street, Schenectady, NY, 12305

3beds
3baths
2,578sqft
$375,000
$145price/sqft
$3,246/moest. monthly cost
$129,840/yrincome needed

About This Home

Welcome to 703 Union Street, a mixed use property offering both a successful restaurant on the first floor and a fully updated apartment above. The ground level is home to Termeh Persian Restaurant, a well known local favorite with over 60 five star reviews and a strong repeat customer base. The restaurant is fully equipped, with all kitchen appliances, hood system, and ventilation up to code, making this a true turn key opportunity for a new owner. The second floor apartment offers three bedrooms, one full bath, and a large family room with views of Union Street. It is perfect for an owner occupant or as an additional rental unit for extra income. Both the building and the business are included in the sale, making this a great fit whether you are an investor or someone looking to operate their own restaurant in a proven location. Additional features include off street parking, handicap accessible entry, and excellent street visibility. This section of Union Street continues to see steady development and growth, and the property is located just minutes from Union College, adding to its long term value and demand. A rare chance to own a true turn key mixed use property with both residential and commercial income.

Getting Around

89
WalkingVery Walkable
48
TransitSome Transit
58
BikeBikeable

Schools

4/10
Yates Elementary SchoolGrades PK-51.2 mi
3/10
Oneida Middle SchoolGrades 6-81.1 mi
3/10
Schenectady High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1900

Materials

  • Construction materials: Other,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Duplex,Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 1
  • 1/2 bathrooms: 2

Features

  • Flooring: Hardwood,Laminate
  • Finished area below ground: 0
  • Finished area above ground: 2,578

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,578
  • Total interior livable area: 2,578 sqft

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp,Accessible Doors,Accessible Full Bath,Accessible Hallway(s),Customized Wheelchair Accessible

Details

  • Parcel number: 421500 39.65323
  • Attached to another structure: Yes
  • Zoning description: Commercial
  • Special condition: Standard

Features

  • Exterior features: Other

Lot

  • Lot size: 3,920 sqft

Parking

  • Total spaces: 6