Schenectady CVS Closes with 7 Years Left on its Lease

Andrew Kelly, Reuters/Canva

So what's next?

A sign on the door of the CVS Pharmacy at 415 State Street in Schenectady tells customers to visit the chain's other location at 1204 Eastern Ave, according to a report by the Daily Gazette on Thursday. 

Schenectady County Metroplex says they would like to get a new tenant in the building as soon as possible. In order to use the space, CVS must approve a sublease but Metroplex says the pharmacy chain has been unresponsive to their requests. Metroplex Chair Ray Gillen said in an email: 

CVS must pay full rent plus taxes and expenses through the end of its lease in 2031.

In a statement to the Daily Gazette, CVS spokesperson Amy Thibault explained the reasoning behind the store's closure:

The store closure decisions — including our decision to close the store at 415 State St. in Schenectady — are based on population shifts, consumer buying patterns, a community’s store density, maintaining access to pharmacy services, and future health needs to ensure we have the right kinds of stores in the right locations for consumer.

Employees of the State Street store will be offered jobs at other locations. Thibault also said they are indeed working on subleasing the space. 

CVS has been closing stores since 2021 as part of a cost-cutting downsizing effort, though Thibault said there are no plans to close any of the other six remaining Schenectady pharmacies. A total of 900 stores have or are expected to close nationwide. 

The location is prime real estate downtown, located next to the YMCA and across the street from Movieland and Proctors. 

More from Capital Region

FLY92.3 VIP

Become A FLY92.3 VIP!

What's Happening

Events

  • Dancing with the Stars, Live!

    Straight from Hollywood, it's Dancing with the Stars, Live! at Proctors Theatre in Schenectady on Thursday, February 12, 2026 at 7:30p! See the glitz, glam ...

    at Proctors Theatre
  • Siena Saints Basketball

    Get your green and gold and cheer on the Siena Saints Men's Basketball for their 2025-2026 season!! Watch their home games live at the MVP Arena!

  • Lake George Winter Carnival

    A wide range of fun Adirondack wintertime outdoor activities is back with 5 activity-packed weekends during the month of February and early March.

    at Lake George Village
  • Wine & Chocolate Festival

    Join us, as we sip and savor great wines and sweets from down the street and around New York at the Albany Wine & Chocolate Festival at The Desmond Hotel on Sat...

    at The Desmond
92.3 FM
FLY92.COM
FLY92.3 APP
Alexa