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    209 Broadway Whitehall, NY 12887

    View on Map
    Sponsored
    For Sale
    $899,000

    COMMERCIAL - Whitehall, NY

    Property size:
    6,064 SF
    Lot size:
    0.81 Acres
    Days on Market:
    24
    Last Refresh:
    Mar 10 at 2:06 am

    Property Features for 209 Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    535201 60.9-2-7
    Parking
    50
    Patio and Porch features
    Porch
    Basement
    Full
    Size
    6,064 SF
    Lot size
    0.81 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding, Wood Siding

    We can help!

    Listing Contact
    Daniel L Davies
    Daniel L Davies

    Davies Davies & Associates RE (518) 656-9068

    Listing agent Daniel L Davies (518) 796-9068 License #49DA1061690

    Listing date Feb 14, 2026

    MLS# 202524253

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Restaurant with Live-Work Space

    Located in the historic community of Whitehall, NY, near the Vermont border, this recently renovated restaurant offers an opportunity for an entrepreneur or investor. Situated on Route 4, a busy thoroughfare, the property benefits from high traffic, providing year-round exposure. The restaurant has been fully renovated, blending modern updates with timeless charm. The main dining room features spacious seating, updated lighting, and fresh finishes. The open layout allows for flexible table configuration, and large windows provide natural light. A fully equipped kitchen has been updated with prep and storage space, newer equipment, and an efficient design. Additional features include a bar area, updated restrooms, and ample parking. Above the restaurant is a two-bedroom apartment, offering a live-work opportunity. The apartment features a comfortable layout with modern updates, suitable for an owner-operator, staff housing, or rental income. Whitehall, known as the ''Birthplace of the U.S. Navy,'' is close to Lake George, the Adirondacks, and Vermont ski country, making it a stopping point for visitors. The property is a turn-key solution on a lot of 0.81 acres, with a property size of 6064 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Railyard Taproom & Restaurant Restaurant

    Suggested Use

    Law Firm Restaurant Dental Office Nail Salon Building Supply Gym & Fitness Center Kitchen & Bath Showroom Big Box & Wholesale Store Pharmacy Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitehall
    County
    Washington
    State
    New York
    Longitude
    -73.406415
    Latitude
    43.545203

    Nearby Similar for Sale

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      Whitehall Commercial Property with Potential

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      Waterfront Investment Opportunity in Whitehall

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    • $274,500
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    FAQs

    What type of property is this?
    Turn key restaurant - Recently renovated restaurant with apartment in historic Whitehall, NY.
    Where is this turn key restaurant located?
    The property is located at 209 Broadway Whitehall, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - High-visibility location on Route 4 with exceptional traffic count, ensuring year-round exposure.; - Fully renovated restaurant and kitchen with modern updates, offering a turn-key solution.; - Two-bedroom apartment above the restaurant provides a live-work opportunity or additional rental income.
    (518) 796-9068
    Request Owner's contact information
    209 Broadway Whitehall, NY 12887
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 Broadway Whitehall, NY 12887
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    We can help!
    Listing Contact
    Daniel L Davies
    Daniel L Davies
    Real Estate License ID: 49DA1061690
    (518) 796-9068 (518) 656-9068
    Learn more
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