Restaurant and Bar with
1857 Van Vranken Avenue Schenectady, NY 12308
1857 Van Vranken Avenue, Schenectady, NY, 12308
$499,900
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 Market350
Property Features for 1857 Van Vranken Avenue
General Information
- Standard status
- Active
- Size
- 3,521 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1910
Listing agency
Miranda Real Estate Group Inc
Listed by
Christine M Serafini
(518) 639-4663
Source
Signatureonerealtygroup
Added: Aug 7, 2025 Updated: Jul 11 at 1:52AM Checked: Jul 22 at 7:59AM
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
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
Local Financial Insights For Industrial
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 | $33.4k | $9.48 |
| − Vacancy | −$2.3k | −$0.64 |
| EGI | $31.1k | $8.84 |
| − OpEx | −$9.3k | −$2.65 |
| NOI | $21.8k | $6.18 |
3,521 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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
