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Restaurant and Catering Facility
For Sale
$399,000

221 N Allen Street Unit 221, Albany, NY 12206

Corner commercial building with an existing commercial kitchen, finished basement, and off-street parking for flexible future use.

Days on Market145

Property Features for 221 N Allen Street Unit 221

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Commercial Hood Yes
Listing Agency: Realty One Group Key
Listed By: Ryan Edson
Source: Xome
Added: Mar 9 Changed: Jul 10 Last Checked: Jul 16 at 5:17AM

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 Realty One Group Key

Investment Insights

Based on property information with market context.

This versatile commercial property was formerly operated as a restaurant and catering facility and is currently leased to a church. The building offers a flexible interior layout along with key restaurant support in place, including an existing Ansul fire suppression system and commercial kitchen infrastructure with plumbing. A fully finished basement adds additional usable space for storage, preparation, or other supporting functions.

The property is located on the corner of N Allen St and Willow St, just off Central Ave, positioned within a high-traffic corridor. It also features ample private off-street parking, providing convenient access for staff, attendees, and customers.

For an owner-user or an investor seeking an adaptable asset, the existing commercial kitchen, fire suppression system, and plumbing can support restaurant or catering-related operations, while the current church lease indicates the building can work for religious use as well. The finished basement and flexible layout may also appeal to event-focused concepts, subject to the buyer’s plans and applicable approvals. Seller financing is available.

Key Highlights

  • Corner commercial building at N Allen St & Willow St, just off Central Ave.
  • Former restaurant and catering facility; currently leased to a church with a flexible layout.
  • Existing commercial kitchen infrastructure with plumbing in place, plus an Ansul system.

Property Analytics

Current Use

Churches & religious facilities

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Kitchen & Bath Showroom Building Supply

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

Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

1,317
Businesses Nearby
18k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 76% Shops & Services 24%
Dunkin' Donuts Dining
5,954 visits/mo 0.3 miles
KeyBank Shops & Services
4,333 visits/mo 0.3 miles
SUBWAY Dining
4,180 visits/mo 0.3 miles
Papa John's Pizza Dining
3,391 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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Church & religious facility - Corner commercial building with an existing commercial kitchen, finished basement, and off-street parking for flexible future use.
Where is this church & religious facility located?
The property is located at 221 N Allen Street Unit 221 Albany, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Corner commercial building at N Allen St & Willow St, just off Central Ave.; Former restaurant and catering facility; currently leased to a church with a flexible layout.; Existing commercial kitchen infrastructure with plumbing in place, plus an Ansul system.
More about this property
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