Equipped Restaurant with
For Sale
$1,500,000
2514 Western Avenue, Altamont, NY 12009
The sale combines the operating restaurant business, real estate, furnishings, and food-service equipment.
Property Size4,400 SF
Price / SF$340.91
Days on Market11
Property Features for 2514 Western Avenue
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1950
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Gabriel August · License #10401338572
(518) 573-9862
Source:
Signatureonerealtygroup
Added: Oct 6
Changed: Oct 15
Last Checked: Oct 14 at 11:03PM
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 Venture Fox Realty Group LLC
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Investment Insights
Based on property information with market context.
This 4,400-square-foot restaurant property, built in 1950, is offered with its operating business and existing furnishings, fixtures, and equipment. The premises include a kitchen, bar, and dining areas, along with restaurant and bar equipment. The Pizza Gram Plus name is not part of the sale.
The property is located on Western Avenue. The seller is willing to cooperate with a buyer’s liquor license application. A new operator can continue with a pizza concept or bring in a different restaurant format.
The property is located on Western Avenue. The seller is willing to cooperate with a buyer’s liquor license application. A new operator can continue with a pizza concept or bring in a different restaurant format.
Key Highlights
- 4,400‑square‑foot restaurant property built in 1950
- Sale includes the operating restaurant business and real estate
- Kitchen, bar, and dining areas are in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,905
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,100
$1.1M
Cap Rate 7%
$812,929
$812.9K
Cap Rate 9%
$632,278
$632.3K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$79.2K $18.00/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$75.9K $17.24/SF
− OpEx
−$19.0K −$4.31/SF
NOI
$56.9K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,100
Cap Rate 7%
$812,929
Cap Rate 9%
$632,278
Alternative Uses
Best Use
Specialty Retail
$812.9K
$711.3K – $948.4K
NOI $56,905 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,110 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Shops & Services 46%
Hannaford
Groceries
31,683 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
18,262 visits/mo
0.5 miles
Sunoco
Shops & Services
5,712 visits/mo
0.3 miles
Trustco Bank
Shops & Services
1,967 visits/mo
0.3 miles
Valvoline Instant Oil Change
Shops & Services
1,174 visits/mo
0.4 miles
Demographics for 12009, NY
7,874
Population
3,238
Households
2.4
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
52.6 sq mi
ZIP Area
150
Density / Sq Mi
$114,352
Median Household Income
$54,128
Median Earnings
$1,282
Median Rent
$321,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines the operating restaurant business, real estate, furnishings, and food-service equipment.
Where is this conventional restaurant located?
The property is located at 2514 Western Avenue Altamont, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,400‑square‑foot restaurant property built in 1950; Sale includes the operating restaurant business and real estate; Kitchen, bar, and dining areas are in place
