Turnkey German Restaurant
For Sale
$549,999
352 Quaker Road, Queensbury, NY 12804
Turnkey German restaurant sale includes building, land, and FFE, with visibility along a high-traffic corridor.
Property Size1,200 SF
Price / SF$458.33
Days on Market54
Property Features for 352 Quaker Road
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,816
Amenities
Central air
Corner Lot
Ductless Cooling
Level
Lighting
Natural Gas Heating
Paved
Building Details
Year Built
1972
Listing Agency:
EXP REALTY
(888) 276-0630
Listed By:
WAYNE HARTARD · License #10301219674
Source:
Corcoran
Added: Jun 19
Changed: Aug 9
Last Checked: Aug 10 at 3:20AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
The Heidelberg Restaurant offers a turnkey opportunity for continued operation or a new concept. The sale includes the building, land, furniture, fixtures, and equipment. The property is presented as an established German restaurant with a long operating history, currently operating under negotiable business rights, branding, recipes, and goodwill for a buyer who wants to continue the legacy. The real estate component also provides flexibility for redevelopment or repurposing, subject to local approvals.
Located at 352 Quaker Road in Queensbury, the restaurant benefits from visibility along a high-traffic corridor. The remarks also note proximity to Lake George and Saratoga Springs, supporting both year-round local business and seasonal tourism activity.
For buyers, this format can appeal to an operator seeking a ready-to-run restaurant with included equipment and a known restaurant identity, or to an investor looking to reposition the site for another commercial venture within the bounds of applicable approvals. Because the sale packages both the property and the restaurant-related components, it can accommodate a range of ownership and operating plans.
Located at 352 Quaker Road in Queensbury, the restaurant benefits from visibility along a high-traffic corridor. The remarks also note proximity to Lake George and Saratoga Springs, supporting both year-round local business and seasonal tourism activity.
For buyers, this format can appeal to an operator seeking a ready-to-run restaurant with included equipment and a known restaurant identity, or to an investor looking to reposition the site for another commercial venture within the bounds of applicable approvals. Because the sale packages both the property and the restaurant-related components, it can accommodate a range of ownership and operating plans.
Key Highlights
- Year built: 1972.
- Restaurant sale includes the building and land.
- Includes furniture, fixtures, and equipment (FFE) with the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,520
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,400
$310.4K
Cap Rate 7%
$221,714
$221.7K
Cap Rate 9%
$172,444
$172.4K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$21.6K $18.00/SF
− Vacancy
−$907 −$0.76/SF
EGI
$20.7K $17.24/SF
− OpEx
−$5.2K −$4.31/SF
NOI
$15.5K $12.93/SF
Area
Warren 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,400
Cap Rate 7%
$221,714
Cap Rate 9%
$172,444
Alternative Uses
Best Use
Specialty Retail
$221.7K
$194.0K – $258.7K
NOI $15,520 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.2K
$314.3K – $419.0K
NOI $25,142 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Hoffman Car Wash
Shops & Services
22,716 visits/mo
0.4 miles
Applebee's
Dining
14,705 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
9,518 visits/mo
0.3 miles
Denny's
Dining
7,678 visits/mo
0.5 miles
Jiffy Lube
Shops & Services
4,375 visits/mo
0.4 miles
Demographics for 12804, NY
27,790
Population
13,287
Households
2.1
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
54.7 sq mi
ZIP Area
508
Density / Sq Mi
$90,074
Median Household Income
$50,368
Median Earnings
$1,209
Median Rent
$284,400
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 - Turnkey German restaurant sale includes building, land, and FFE, with visibility along a high-traffic corridor.
Where is this conventional restaurant located?
The property is located at 352 Quaker Road Queensbury, NY.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Year built: 1972.; Restaurant sale includes the building and land.; Includes furniture, fixtures, and equipment (FFE) with the sale.
