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434 State St
Schenectady, NY 12305

The Parker Inn & Suites · Hospitality Property For Sale · 19,200 SF

Investment Highlights

  • Strategically Located in the Busiest Part of Downtown Schenectady
  • One of the Tallest Building in Schenectady with Potential Rooftop Entertainment
  • Potential Soft Branding Opportunity with Major Chains with Minimal PIP
  • Walking Distance to Proctor's Theatre, Amtrak Station and Rivers Casino & Resort
  • Ironic Historical Building Located in an Opportunity Zone
  • Fee Simple, Unencumbered of Brand, Management and Debt

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.06 AC
Building Size 19,200 SF
No. Stories 8
Year Built/Renovated 1900/2024
Tenancy Single
Parking Ratio 0.89/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

About 434 State St , Schenectady, NY 12305

The Parker Inn & Suites is Schenectady's only boutique hotel, located on historic State Street, in the heart of Downtown Schenectady's business and entertainment districts - just steps from Proctor's Theatre, MVP Healthcare, historic Jay Street, Schenectady County Community College, Aperitivo Bistro and the local Schenectady Farmers Market. Located within walking distance of downtown Schenectady's top entertainment and attractions, and a short drive from General Electric, Union College and Albany Airport, The Parker Inn and Suites offers the perfect location to explore New York's Capital Region. The Parker Inn & Suites offers luxury boutique hotel accommodations, whether you are enjoying a show at the famous Proctor's Theatre, in town for a meeting, or for an extended business stay. The studio and one-bedroom suites at the Parker Inn & Suites offer a balance of historic finishes and modern amenities and include kitchens in select units. All of the oversized, well-appointed hotel rooms and suites feature unsurpassed comfort that guests have come to expect from our boutique hotel. The warm ambiance of the rooms is sure to help guest rest and relax on their next business trip, vacation or romantic getaway. Located in eastern New York State near the joining of the Mohawk and Hudson Rivers, Schenectady is deep-rooted in history and culture dating back to the 1600s. Schenectady is the county seat of New York’s Schenectady County and is situated in the Albany metropolitan area. The city is home to approximately 66,135 residents with over 24,500 households. Schenectady and the surrounding region benefits from a strong economy that includes manufacturing, government, technology, energy, research and development, healthcare, and higher education. In the early 20th century, industrial powerhouses General Electric and American Locomotive Company (ALCO) were founded in Schenectady. The city became a manufacturing center known as The City that Lights and Hauls the World. Though General Electric is now headquartered in Boston, the company still retains its steam turbine manufacturing facilities in Schenectady. The Capital Region including the counties of Albany, Rensselaer, Saratoga, and Schenectady is the center of New York's Tech Valley. More than 880,000 people live in the Albany metro area, and 1.1 million live in the greater Capital Region. The region’s economy is witnessing its most exhilarating period of growth in decades with $40 billion in investment over the last ten years. The Capital Region is located in the middle of the world's richest marketplace 150 miles north of New York City, 165 miles west of Boston, and 215 miles south of Montreal. Nearly 80,000 college and university students call the Capital Region home. Some of the more prominent colleges and universities in the region include University at Albany (17,300 Enrolled), Hudson Valley Community College (11,600 Enrolled), Rensselaer Polytechnic Institute (7,400 Enrolled), and Schenectady County Community College (5,900 Enrolled).

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 039-080-0002-008-000-0000
  • 039-080-0002-009-000-0000
Land Assessment
$86,600
Improvements Assessment
$1,168,400
Total Assessment
$1,255,000

zoning

Zoning Code 05 (Mix Use)
05 (Mix Use)
  • Listing ID: 16829990

  • Date on Market: 8/6/2019

  • Last Updated:

  • Address: 434 State St, Schenectady, NY 12305

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