Freestanding Restaurant
1785 Western Ave Albany, NY 12203
1785 Western Ave, Albany, NY, 12203
$585,000
For Sale
$585,000
Freestanding, fully built-out restaurant space recently renovated in 2020 with an efficient layout and modern finishes.
Property Size1,714 SF
Price / SF$341.31
Days on Market28
Property Features for 1785 Western Ave
General Information
- Standard status
- Active
- Size
- 1,714 SF
- Property subtype
- Retail
Listing agency
Vanguard-Fine, LLC
(518) 810-4203
Listed by
Christopher Farrell · License #1223647
(518) 810-4203
Source
Vanguardfine
Added: Jun 25 Updated: Jul 21 at 5:22PM Checked: Jul 21 at 5:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vanguard-Fine, LLC
Investment Insights
Based on property information with market context.
This fully built-out, freestanding restaurant building was recently renovated in 2020 and offers modern finishes throughout. The property is configured as a turnkey restaurant space with an efficient layout designed for day-to-day operations.
The building is described as being located in the heart of the Guilderland market with high visibility and easy customer accessibility, supporting strong storefront presence for retail or restaurant use.
With its freestanding configuration and adaptable setup noted in the marketing materials, the space may offer flexibility for a tenant looking for a ready-to-operate restaurant environment or a retail build-out within an existing restaurant footprint.
The building is described as being located in the heart of the Guilderland market with high visibility and easy customer accessibility, supporting strong storefront presence for retail or restaurant use.
With its freestanding configuration and adaptable setup noted in the marketing materials, the space may offer flexibility for a tenant looking for a ready-to-operate restaurant environment or a retail build-out within an existing restaurant footprint.
Key Highlights
- Freestanding, fully built‑out restaurant space with an efficient layout and modern finishes
- Recently renovated in 2020
- 1,714 SF freestanding building
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 | $33.9k | $19.80 |
| − Vacancy | −$2.3k | −$1.33 |
| EGI | $31.7k | $18.47 |
| − OpEx | −$7.9k | −$4.62 |
| NOI | $23.7k | $13.86 |
1,714 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$339.3K
$296.9K – $395.8K
NOI $23,748 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$295.9K
$258.9K – $345.2K
NOI $20,710 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$452.2K
$395.7K – $527.6K
NOI $31,654 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tara Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Freestanding, fully built-out restaurant space recently renovated in 2020 with an efficient layout and modern finishes.
Where is this conventional restaurant located?
The property is located at 1785 Western Ave Albany, NY.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Freestanding, fully built‑out restaurant space with an efficient layout and modern finishes; Recently renovated in 2020; 1,714 SF freestanding building
