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Mixed-Use Property with Restaurant
For Sale
$799,000

939 Crane Street, Schenectady, NY 12303

Commercial Sale, Call Listing Agent, NY

Property SizeContact for details
Days on Market548

Property Features for 939 Crane Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Basement Finished, Full
Directions USE GPS
Standard status Active

Taxes and HOA fees

Tax Year 6585
Tax Annual Amount 6585

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Multi Units
Water source Public

Building Details

Floors in Building 4
Building materials Brick, Frame
Listing Agency: Affordable Realty Corp
Listed By: Nazim K. Mohamed · License #31MO0775980
Added: Mar 24, 2025 Changed: Sep 17 Last Checked: Sep 22 at 7:06AM
MLS# 839671

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

Investment Insights

Based on property information with market context.

This mixed-use property combines a four-family residential configuration with an operating bar and restaurant component. The improvements include a full finished basement, an attic identified as having potential for a fifth apartment, and a private driveway. Business equipment is included with the property and business. Construction consists of brick and frame elements, with natural-gas heat, multiple cooling units, public water, and public sewer.

The property is located at 939 Crane Street in Albany County, near a school, parks, public transportation, Metro-North Railroad, a highway, shopping, and restaurants. An additional 45 X 164 lot provides separate land associated with the property.

Key Highlights

  • Four‑family mixed‑use property with bar and restaurant
  • Attic identified as having potential for a 5th apartment
  • Full finished basement and private driveway

Property Analytics

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Current Use

Testosterone Replacement Therapy ... Health Counselor El Dorado Bar & Pub

Suggested Use

Top Pick Real Estate Agency Bakery Carpet & Flooring Store Locksmith Catering Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

Demographics for 12303, NY

30,893
Population
12,533
Households
2.5
Avg Household Size
41
Median Age
35%
College-Educated
90%
High-School Grad
15.6 sq mi
ZIP Area
1,980
Density / Sq Mi
$77,615
Median Household Income
$50,051
Median Earnings
$1,120
Median Rent
$227,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four-family configuration with a bar and restaurant, finished basement, private driveway, and included business equipment.
Where is this mixed-use property located?
The property is located at 939 Crane Street Schenectady, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑family mixed‑use property with bar and restaurant; Attic identified as having potential for a 5th apartment; Full finished basement and private driveway
More about this property
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