Turnkey Restaurant and Bar with
1490 State Street Schenectady, NY 12304
1490 State Street, Schenectady, NY, 12304
$950,000
For Sale
$950,000
Renovated restaurant and bar with a full kitchen, restrooms, off-street parking, and an outdoor patio for immediate operation.
Property Size2,368 SF
Price / SF$401.18
Days on Market357
Property Features for 1490 State Street
General Information
- Standard status
- Active
- Size
- 2,368 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
KW Platform
Listed by
Joanne Bongalo
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jul 30, 2025 Updated: Jul 10 at 1:48PM Checked: Jul 20 at 6:27AM
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 KW Platform
Investment Insights
Based on property information with market context.
This renovated restaurant and bar building is offered as a turnkey operation, with the fully equipped restaurant and bar, including furniture, fixtures, and equipment. The interior includes multiple dining areas, a commercial kitchen, storage room, full basement, and a private office. Separate men’s and women’s restrooms are provided, and the layout supports both everyday service and back-of-house operations.
The property is located on State Street in the heart of Schenectady’s high-traffic corridor. It also features off-street parking and an outdoor patio seating area designed for additional dining space.
For tenants or buyers seeking an immediately usable food and beverage site, the inclusion of equipment and interior buildout reduces start-up complexity. The separate apartment or in-law suite with a private entrance adds practical flexibility for an owner-operator, staff use, or extended-use arrangements, while keeping the main restaurant operations self-contained. Current operation details are consistent with a Caribbean restaurant with live music, and the existing improvements support continued restaurant and bar use.
The property is located on State Street in the heart of Schenectady’s high-traffic corridor. It also features off-street parking and an outdoor patio seating area designed for additional dining space.
For tenants or buyers seeking an immediately usable food and beverage site, the inclusion of equipment and interior buildout reduces start-up complexity. The separate apartment or in-law suite with a private entrance adds practical flexibility for an owner-operator, staff use, or extended-use arrangements, while keeping the main restaurant operations self-contained. Current operation details are consistent with a Caribbean restaurant with live music, and the existing improvements support continued restaurant and bar use.
Key Highlights
- Renovated commercial building built in 1986, currently operating as a Caribbean restaurant with live music
- Restaurant and bar includes dining areas, fully equipped commercial kitchen, storage room, and private office
- Separate men’s and women’s restrooms included
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 | $46.3k | $19.56 |
| − Vacancy | −$1.9k | −$0.82 |
| EGI | $44.4k | $18.74 |
| − OpEx | −$11.1k | −$4.68 |
| NOI | $33.3k | $14.05 |
2,368 SF · lease $19.56/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$475.4K
$416.0K – $554.7K
NOI $33,280 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$708.8K
$620.2K – $826.9K
NOI $49,614 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vibez Bar and Lounge, ...
Restaurant
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FAQs
What type of property is this?
Conventional restaurant - Renovated restaurant and bar with a full kitchen, restrooms, off-street parking, and an outdoor patio for immediate operation.
Where is this conventional restaurant located?
The property is located at 1490 State Street Schenectady, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Renovated commercial building built in 1986, currently operating as a Caribbean restaurant with live music; Restaurant and bar includes dining areas, fully equipped commercial kitchen, storage room, and private office; Separate men’s and women’s restrooms included
