Restaurant and Bar with
1857 Van Vranken Avenue, Schenectady, NY 12308
For Sale
$499,900
Turnkey restaurant and bar offering indoor and outdoor seating for 75+ guests and a fully equipped commercial kitchen.
Property Size3,521 SF
Price / SF$141.98
Days on Market575
Property Features for 1857 Van Vranken Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Building Details
Year Built
Year Renovated
Listing Agency:
Miranda Real Estate Group Inc
Listed By:
Christine M Serafini · License #40SE0980789
(518) 514-8830
Source:
Signatureonerealtygroup
Added: Apr 11, 2025
Changed: Nov 6
Last Checked: Nov 6 at 10:28AM
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 Miranda Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This for-sale restaurant and bar is offered as a turnkey package, including the business, building, furniture, and equipment. The property features indoor and outdoor seating for 75+ guests and includes a commercial kitchen with ovens, fryers, a walk-in cooler, and ample prep space. The building was remodeled in 2011, with the outdoor stone patio roof also installed in 2011. Updates include plumbing and electrical, and the property has garage door access to the basement for easier deliveries.
The location places the property just steps from Mohawk Harbor and Rivers Casino, with the future Mohawk Harbor Arena also nearby.
A private parking lot supports customer and operator access, and the property also benefits from plenty of public parking.
The location places the property just steps from Mohawk Harbor and Rivers Casino, with the future Mohawk Harbor Arena also nearby.
A private parking lot supports customer and operator access, and the property also benefits from plenty of public parking.
Key Highlights
- Historic 1910 restaurant/bar building with over 50 years of operating history in Schenectady’s North End
- Indoor and outdoor seating for 75+ guests
- Fully remodeled in 2011 with a large commercial kitchen: ovens, fryers, and walk‑in cooler plus ample prep space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,777
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,540
$435.5K
Cap Rate 7%
$311,100
$311.1K
Cap Rate 9%
$241,967
$242.0K
Market Conditions
NOI Build-Up for 3,521 SF
Gross rent
$33.4K $9.48/SF
− Vacancy
−$2.3K −$0.64/SF
EGI
$31.1K $8.84/SF
− OpEx
−$9.3K −$2.65/SF
NOI
$21.8K $6.18/SF
Area
Schenectady County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,540
Cap Rate 7%
$311,100
Cap Rate 9%
$241,967
Alternative Uses
Best Use
Specialty Retail
$706.9K
$618.6K – $824.7K
NOI $49,484 @ 7.0% cap · market cap 9.90%
Second Best
Industrial
$311.1K
$272.2K – $363.0K
NOI $21,777 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.05M
$922.2K – $1.23M
NOI $73,772 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12308, NY
15,285
Population
6,442
Households
2.4
Avg Household Size
31
Median Age
29%
College-Educated
89%
High-School Grad
2.3 sq mi
ZIP Area
6,646
Density / Sq Mi
$59,789
Median Household Income
$35,966
Median Earnings
$1,159
Median Rent
$180,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Schenectady County, NY
Properties on Market for Conventional restaurants in Schenectady County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar offering indoor and outdoor seating for 75+ guests and a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at 1857 Van Vranken Avenue Schenectady, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Historic 1910 restaurant/bar building with over 50 years of operating history in Schenectady’s North End; Indoor and outdoor seating for 75+ guests; Fully remodeled in 2011 with a large commercial kitchen: ovens, fryers, and walk‑in cooler plus ample prep space
