703 Union Street, Schenectady, NY 12305 | MLS #202614157 | HUNT Real Estate
 
  • 91 days on site
  • 1 views

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.

Source: Global MLS, MLS#: 202614157

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential Income
  • Lot
    0.09 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

HUNT Real Estate
I agree to be contacted by HUNT Real Estate Corporation via call, email, and/or text for real estate services, even if my phone number is listed on a state or national Do Not Call list. Data will not be shared with third parties for marketing or promotional purposes. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. View HUNT Real Estate ERA's privacy policy here: https://www.huntrealestate.com/Privacy-Policy

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    34
  • Population Density
    3,888
  • College Educated
    41%
  • Estimated Median Income
    $36,649
  • Estimated Total Home Owners
    460
  • Estimated Total Renters
    2,557
  • Owner / Renter Divide
    15% / 85%
  • Estimated Average Household Size
    2
  • Total Population
    6,246
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Want to talk? Contact us here.