Restaurant Property with
New
For Sale
$1,500,000
2514 Western Avenue, Guilderland, NY 12009
Commercial zoning and included kitchen, bar, and dining furnishings support continued restaurant use.
Property Size4,400 SF
Price / SF$340.91
Days on Market4
Property Features for 2514 Western Avenue
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
54
Zoning
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$20,000
Building Details
Year Built
1950
Buildings
1
Stories
1
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Gabriel August · License #10401338572
(518) 573-9862
Source:
Capmarkrealty
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 3:28AM
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
Investment Insights
Based on property information with market context.
This 4,400-square-foot restaurant property includes an operating restaurant business and equipment for the kitchen and bar, along with dining furniture and fixtures. The building has kitchen, bar, and dining areas, and was built in 1950. Commercial zoning is in place. The business name is not part of the sale, and the seller will cooperate with a buyer’s liquor license application.
The property is located on Western Avenue in Guilderland. The transaction includes both the real estate and the operating business, with existing restaurant equipment and furnishings included.
The property is located on Western Avenue in Guilderland. The transaction includes both the real estate and the operating business, with existing restaurant equipment and furnishings included.
Key Highlights
- 4,400‑square‑foot restaurant property
- Operating restaurant business and real estate are included; the business name is excluded
- Kitchen and bar equipment, dining furniture, and restaurant fixtures 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
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
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 - Commercial zoning and included kitchen, bar, and dining furnishings support continued restaurant use.
Where is this conventional restaurant located?
The property is located at 2514 Western Avenue Guilderland, 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; Operating restaurant business and real estate are included; the business name is excluded; Kitchen and bar equipment, dining furniture, and restaurant fixtures included
