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    15 Watervliet Ave Albany, NY 12206

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    For Sale
    $499,000

    Fully equipped restaurant with substantial cooler/freezer space and infrastructure.

    Property size:
    5,145 SF
    Lot size:
    0.18 Acres

    Property Features for 15 Watervliet Ave

    General Information

    Size
    5,145 SF
    Lot size
    0.18 Acres

    Source: RedMark Realty Agent Doug Morabito

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Equipped Restaurant with Kitchen Infrastructure

    This property features a fully equipped and functioning restaurant space. It includes approximately 1,200 square feet of cooler and freezer space. The property contains over $390,000 worth of installed and running kitchen infrastructure. The 5,145 square foot property is suitable for various uses, including food preparation, commissary kitchen, catering, and restaurant operations. Formerly occupied by Chester’s Smokehouse, the property is currently leased to Myforest Foods.
    Insight Report Location Intelligence

    Current Use by Public Records

    P & D Farm Farm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.782973
    Latitude
    42.6752171

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    FAQs

    What type of property is this?
    Commercial kitchen - Fully equipped restaurant with substantial cooler/freezer space and infrastructure.
    Where is this commercial kitchen located?
    The property is located at 15 Watervliet Ave Albany, NY.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Over $390,000 of installed and running kitchen infrastructure.; - Fully equipped and functioning restaurant.; - 1,200 +/- SF of cooler/freezer space.
    (518) 952-7500
    Request Owner's contact information
    15 Watervliet Ave Albany, NY 12206
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    Albany, NY 12206
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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
    15 Watervliet Ave Albany, NY 12206
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