Restaurant with Equipped
New
For Sale
$1,500,000
2514 Western Avenue, Altamont, NY 12009
Commercial Sale, Altamont, NY
Property Size4,400 SF
Lot Size0.80 Acres
Price / SF$340.91
Days on Market1
Property Features for 2514 Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
54
Lot features
Road Frontage
Directions
Western Ave from 155 westbound.
Standard status
Active
APN
013089 39.11-3-14
Size
4,400 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Annual Amount
20000
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Ductless (Heating), Heat Pump (Heating)
Cooling system
Central Air, Ductless
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Vinyl Siding
Roof type
Metal, Asphalt
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Gabriel August · License #10401338572
(518) 573-9862
Added: Oct 7
Last Checked: Oct 7 at 6:06PM
MLS# 202627765
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,400-square-foot restaurant property includes the operating business, kitchen and bar equipment, dining furnishings, and restaurant fixtures. The building, constructed in 1950, has a kitchen, bar, and dining areas. The restaurant’s existing name is not part of the sale, while the business and real estate are included. A buyer may continue with a pizza restaurant or bring in another restaurant concept, and the seller is willing to cooperate with a liquor license application.
The 0.8-acre property has public water and public sewer. Building systems include central air conditioning and ductless cooling, with baseboard, ductless, and heat-pump heating. Exterior materials include vinyl siding, and the roof is metal and asphalt.
The 0.8-acre property has public water and public sewer. Building systems include central air conditioning and ductless cooling, with baseboard, ductless, and heat-pump heating. Exterior materials include vinyl siding, and the roof is metal and asphalt.
Key Highlights
- 4,400‑square‑foot restaurant property on 0.8 acres
- Sale includes the real estate, operating business, restaurant fixtures, and equipment
- Kitchen, bar, and dining areas; kitchen and bar equipment and dining furnishings included
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.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering combines the real estate, an operating restaurant business, and its furnishings and 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 on 0.8 acres; Sale includes the real estate, operating business, restaurant fixtures, and equipment; Kitchen, bar, and dining areas; kitchen and bar equipment and dining furnishings included
