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Restaurant Business with 130 Seats
For Sale
$240,000

209 Central Avenue, Albany, NY 12206

An established restaurant business is offered for sale in Albany.

Property Size3,500 SF
Price / SF$68.57
Days on Market177

Property Features for 209 Central Avenue

General Information

Standard status Active
Size 3,500 SF
Property subtype Business

Additional Details

Business Included Yes
Seating Capacity 130
Currently Operating Yes

Building Details

Year Built 1880
Listing Agency: M J J Realty
Listed By: Z. Ron Xiong · License #49XI0932304
Source: Simplywoodardrealestate
Added: May 10 Changed: Nov 1 Last Checked: Nov 1 at 2:57PM

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 M J J Realty

Rey
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Investment Insights

Based on property information with market context.

This restaurant business is offered for sale at 209 Central Avenue in Albany, New York. The space measures 3,500 square feet and has seating for 130. The building dates to 1880.

Key Highlights

  • Restaurant business offered for sale
  • 130 seats
  • 3,500 square feet

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Shining Rainbow Restaurant

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring Store HVAC Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,825
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 61% Dining 39%
McDonald's Dining
17,748 visits/mo 0.5 miles
Family Dollar Shops & Services
8,238 visits/mo 0.5 miles
Exxon Shops & Services
7,137 visits/mo 0.5 miles
Sunoco Shops & Services
5,929 visits/mo 0.4 miles
SEFCU Shops & Services
4,000 visits/mo 0.3 miles

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Albany, NY

5.4% 2020
4.8% 2021
5.5% 2022
4.7% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - An established restaurant business is offered for sale in Albany.
Where is this conventional restaurant located?
The property is located at 209 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Restaurant business offered for sale; 130 seats; 3,500 square feet
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