Corner Store Restaurant
For Sale
$270,000
301 Ontario Street, Albany, NY 12208
For sale as real estate and business, featuring a corner store and restaurant with a fully equipped commercial kitchen.
Property Size840 SF
Price / SF$321.43
Days on Market377
Property Features for 301 Ontario Street
General Information
Standard status
Active
Size
840 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Listing Agency:
Gucciardo Real Estate LLC
Listed By:
Pavel Karakalchu
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 20, 2025
Changed: Jul 29
Last Checked: Jul 30 at 4:52PM
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 Gucciardo Real Estate LLC
Investment Insights
Based on property information with market context.
This well-established corner store and restaurant is offered for sale with the real estate and the business included. The property features a full commercial kitchen with proper venting, along with recent upgrades throughout.
Located just off Madison Avenue in a busy Albany neighborhood, the property is close to Washington Park and the University at Albany, supporting strong day-to-day foot traffic for a retail/food concept.
The combination of retail storefront and restaurant operations, paired with an equipped kitchen and updated interior, provides a practical setup for an owner-operator or investor seeking an operating asset.
Located just off Madison Avenue in a busy Albany neighborhood, the property is close to Washington Park and the University at Albany, supporting strong day-to-day foot traffic for a retail/food concept.
The combination of retail storefront and restaurant operations, paired with an equipped kitchen and updated interior, provides a practical setup for an owner-operator or investor seeking an operating asset.
Key Highlights
- Year built: 1940
- For sale as real estate and business, featuring a corner store and restaurant
- Includes a fully equipped commercial kitchen with proper venting
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $19.80 |
| − Vacancy | −$1.1k | −$1.33 |
| EGI | $15.5k | $18.47 |
| − OpEx | −$3.9k | −$4.62 |
| NOI | $11.6k | $13.86 |
840 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$166.3K
$145.5K – $194.0K
NOI $11,638 @ 7.0% cap · market cap 4.31%
Second Best
Retail
$145.0K
$126.9K – $169.2K
NOI $10,149 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$221.6K
$193.9K – $258.6K
NOI $15,513 @ 7.0% cap · market cap 5.75%
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
3,003
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
9,894 visits/mo
0.5 miles
Exxon
Shops & Services
7,137 visits/mo
0.5 miles
Demographics for 12208, NY
22,118
Population
11,522
Households
1.9
Avg Household Size
34
Median Age
56%
College-Educated
93%
High-School Grad
4.4 sq mi
ZIP Area
5,027
Density / Sq Mi
$69,505
Median Household Income
$39,268
Median Earnings
$1,291
Median Rent
$255,300
Median Home Value
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale as real estate and business, featuring a corner store and restaurant with a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at 301 Ontario Street Albany, NY.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Year built: 1940; For sale as real estate and business, featuring a corner store and restaurant; Includes a fully equipped commercial kitchen with proper venting
