Established Restaurant at Major
982 State Route 149 Queensbury, NY 12804
982 State Route 149, Queensbury, NY, 12804
$1,199,000
For Sale
$1,199,000
COMMERCIAL - Other - Queensbury, NY
Property Size2,612 SF
Lot Size2.74 Acres
Price / SF$459.04
Days on Market368
Property Features for 982 State Route 149
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2
- Parking
- 25
- Security features
- Security Lighting
- Patio and Porch features
- Deck
- Interior features
- High Speed Internet, Wet Bar, Wall Paneling, Built-in Features, Ceramic Tile Bath
- Exterior features
- Lighting, Outdoor Bar
- Basement
- Full
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 523400 279-1-9
- Size
- 2,612 SF
- Lot size
- 2.74 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4786
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Wood, Wood Stove, Propane (Heating)
- Cooling system
- Central Air, Ductless
- Water source
- Well
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Concrete, Tile - Ceramic, Laminate
- Building materials
- Wood Siding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Davies-Davies & Assoc Real Est
(518) 656-9068
PO Box 201, Queensbury, NY
Listed by
Daniel L Davies · License #49DA1061690
(518) 796-9068
Added: Jul 16, 2025 Checked: Jul 18 at 3:06 am
MLS# 202521825
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property operates as an established restaurant with a spacious interior layout described as designed for high-volume service. The site is situated on 2.74 acres and includes ample parking to support customer access and throughput. The offering is presented as flexible for a continued restaurant use or for expansion and redevelopment plans.
The property is located at 982 State Route 149 in Queensbury, New York, at the intersection of State Route 149 and Route 9L. The listing is within a Commercial zoning district, and the broader area is described as a dining hub influenced by nearby attractions and hospitality options in the Queensbury/Lake George region.
For operators, this configuration can support a restaurant concept that benefits from a straightforward, parking-oriented site and an interior designed to handle higher-volume service. For buyers considering alternatives, the property is marketed as adaptable for additional development and re-imagining of the existing space. At 2,612 square feet of building area, the layout is sized for a dedicated foodservice operation while still allowing room to pursue future site-level changes, subject to applicable approvals.
The property is located at 982 State Route 149 in Queensbury, New York, at the intersection of State Route 149 and Route 9L. The listing is within a Commercial zoning district, and the broader area is described as a dining hub influenced by nearby attractions and hospitality options in the Queensbury/Lake George region.
For operators, this configuration can support a restaurant concept that benefits from a straightforward, parking-oriented site and an interior designed to handle higher-volume service. For buyers considering alternatives, the property is marketed as adaptable for additional development and re-imagining of the existing space. At 2,612 square feet of building area, the layout is sized for a dedicated foodservice operation while still allowing room to pursue future site-level changes, subject to applicable approvals.
Key Highlights
- 2.74‑acre restaurant site at the intersection of State Rt 149 and Route 9L
- Multiple bathrooms on‑site with ceramic tile baths and built‑in features
- Outdoor bar and deck, plus lighting on exterior features
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $18.00 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $45.0k | $17.24 |
| − OpEx | −$11.3k | −$4.31 |
| NOI | $33.8k | $12.93 |
2,612 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$482.6K
$422.3K – $563.0K
NOI $33,781 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$781.8K
$684.1K – $912.1K
NOI $54,727 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - For sale established restaurant on 2.74 acres at the intersection of State Route 149 and Route 9L.
Where is this conventional restaurant located?
The property is located at 982 State Route 149 Queensbury, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2.74‑acre restaurant site at the intersection of State Rt 149 and Route 9L; Multiple bathrooms on‑site with ceramic tile baths and built‑in features; Outdoor bar and deck, plus lighting on exterior features
