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Off Market
1/17

1322-1346 Gerling Rd
Schenectady, NY 12308


HIGHLIGHTS

  • Neighborhood Shopping Center under new Ownership starting January-2022
  • Close to Ellis Hospital, Union College, Rivers Casino, Proctors Theatre, I-890
  • 5-Acre property with ample parking / / CDTA bus stop just across the street
  • Dollar Tree - Family Dollar, huge, new, combo-store serving the neighborhood
  • Tandoori House: brand new restaurant & takeout, fine Indian Pakistani cuisine

OVERVIEW

SHERIDAN PLAZA: a long-established, neighborhood shopping center, now under new ownership. Total square feet is approx. 41,300-SF, currently divided into 9-spaces that include retail and medical space. The center sits on a 5-acre Lot with over 250 marked parking stalls. A CDTA (Capital Region Transit Authority) bus stop is located across the street. Ellis Hospital and Sunnyside Rehabilitation Hospital are located just down the street and the Union College campus is nearby. The shopping center is convenient to downtown Schenectady and the new Rivers Casino. Nearby Erie Blvd. provides easy access to and from I-890. Under new ownership, Sheridan Plaza has welcomed it's newest tenants, Dollar Tree-Family Dollar, as well as Tandoori House. We are looking to fill 3 vacancies. 7,500-SF former CVS (divisible), 900-SF dry retail, and a 6,533-SF fully built-out medical suite that can be used for a variety of medical, office, or community purposes and can also be divisible if-needed. The new owner has embarked on a series of capital improvements to revitalize the shopping center in 2024. The center offers 5-year "gross" Leases, which is rent + utilities. Tenants are Not charged separate "common-area" charges (NNN) that most shopping centers charge. Utilities available on-site include: natural gas, 3-phase electric, municipal sewer, and municipal water. The shopping center is located within the City of Schenectady and is located within the "Metroplex" Economic Development boundaries.

FOR LEASE DETAILS

PRICE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Sheridan Plaza

PROPERTY TYPE

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TOTAL BUILDING SIZE

41310

STORIES

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YEAR BUILT

1954

SPRINKLERS

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PARKING SPACES

510

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

040-037-0004-006-000-0000