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    494 Washington Avenue Ext Albany, NY 12203

    For Sale
    $189,000

    COMMERCIAL - Albany, NY

    Property size:
    750 SF
    Lot size:
    0.04 Acres
    Days on Market:
    43
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 494 Washington Avenue Ext

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    010100 65.62-2-14
    Parking features
    On Street
    Size
    750 SF
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Aluminum Siding

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Philip Sabatino (518) 376-2717 License #10401299525

    Listing date Nov 3, 2025

    Copyright © 2025 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.

    Overview

    Turnkey Albany Restaurant Opportunity

    This commercial property in Albany, NY, presents a turnkey restaurant opportunity. Known as Dan's Place Two, this well-maintained property includes the building and all Furniture, Fixtures, and Equipment (FF&E). The property has been a neighborhood staple for generations, known for its welcoming atmosphere and loyal customer base. The building is situated in a convenient location with high visibility. The property is zoned commercial and has a lot size of 0.04 acres. The building size is 750 square feet. This is an opportunity for entrepreneurs, investors, or restaurateurs to continue its legacy or create something new.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.774498
    Latitude
    42.662906

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    FAQs

    What type of property is this?
    Restaurant - Iconic Albany restaurant for sale, includes building and all FF&E.
    Where is this restaurant located?
    The property is located at 494 Washington Avenue Ext Albany, NY.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: - Turnkey restaurant opportunity including building, FF&E.; - Iconic Albany restaurant with established legacy.; - Highly visible, well-maintained property.
    (518) 376-2717
    Request Owner's contact information
    494 Washington Avenue Ext Albany, NY 12203
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    Albany, NY 12203
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    Realmo Value Estimation

    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.

    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.

    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
    494 Washington Avenue Ext Albany, NY 12203
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