Restaurant Building with River
For Lease
$1,650,000
2 Freemans Bridge Road, Schenectady, NY 12302
Freestanding restaurant building with FF&E, shared parking, and docks.
Space SizeContact for details
Days on Market149
Property Features for 2 Freemans Bridge Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE | Albany
(518) 281-6942
Listed By:
John MacAffer · License #Associate Real Estate Broker
(518) 281-6942
Source:
Cbre
Added: Mar 25
Changed: Aug 14
Last Checked: Aug 19 at 5:09AM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
This offering includes a freestanding, two-story building with approximately 4,500 square feet, located in Glenville. The property features an approximately 3,500-square-foot restaurant, The Water‘s Edge Lighthouse Restaurant. The sale encompasses all furniture, fixtures, and equipment. Shared parking is available with the adjacent hotel. The location provides views of the Mohawk River. The restaurant has seating for 200 people inside and outdoor seating for 175 people. The restaurant has a 20-year operating history and a local reputation. The property is near four hotels, several apartment complexes, and Rivers Casino and Resort. The location has an AADT traffic count of 12,163. The listing includes the building, FF&E, shared parking rights to a large approximately 250-space parking lot, and docks and permits. Lease options are available.
Key Highlights
- ±3,500 SF restaurant (The Water’s Edge Lighthouse Restaurant) with 20‑year operating history and great local reputation.
- Includes all furniture, fixtures, and equipment (FF&E).
- Located along the Mohawk River with beautiful views.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12302, NY
27,618
Population
12,406
Households
2.2
Avg Household Size
45
Median Age
42%
College-Educated
95%
High-School Grad
43.3 sq mi
ZIP Area
638
Density / Sq Mi
$94,156
Median Household Income
$55,305
Median Earnings
$1,207
Median Rent
$240,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with FF&E, shared parking, and docks.
Where is this conventional restaurant located?
The property is located at 2 Freemans Bridge Road Schenectady, NY.
What is the lease rate?
The lease rate is $1,650,000.
What are key features of this property?
This property features: ±3,500 SF restaurant (The Water’s Edge Lighthouse Restaurant) with 20‑year operating history and great local reputation.; Includes all furniture, fixtures, and equipment (FF&E).; Located along the Mohawk River with beautiful views.
