Restaurant with Banquet
5055 Western Turnpike, Duanesburg, NY 12056
For Sale
New
Contact for pricing
An equipped kitchen, furnished dining areas, and on-site paved parking are included with the space.
Property Size25,700 SF
Price / SF$0.19
Days on Market2
Property Features for 5055 Western Turnpike
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Currently Operating
Building Details
Year Built
Listing Agency:
Roohan Realty
Listed By:
Brian Walters · License NY 30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Nov 8
Last Checked: Nov 8 at 5:57PM
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 Roohan Realty
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Investment Insights
Based on property information with market context.
The restaurant occupies approximately 4,300 SF and is offered with kitchen equipment and furnishings. Its layout includes a bar, main dining room, separate banquet room, and outdoor dining deck. The tenant is responsible for equipment repairs and replacement, while utilities are paid by the tenant. The space is available February 1, 2027; showings are by appointment on Sundays and Mondays while the restaurant continues to operate.
The property is on US Route 20 at the NY 7 junction, approximately one mile from I-88 Exit 24. Route 20 carries approximately 7,200 vehicles per day past the site, according to NYSDOT. Approximate drive times are 21 minutes to Schenectady, 26 minutes to Crossgates, and 33 minutes to downtown Albany.
The property is on US Route 20 at the NY 7 junction, approximately one mile from I-88 Exit 24. Route 20 carries approximately 7,200 vehicles per day past the site, according to NYSDOT. Approximate drive times are 21 minutes to Schenectady, 26 minutes to Crossgates, and 33 minutes to downtown Albany.
Key Highlights
- Approximately 4,300 SF of restaurant space with kitchen equipment and furnishings included
- Bar, main dining room, separate banquet room, and outdoor dining deck
- Paved off‑street parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$361,184
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,223,680
$7.2M
Cap Rate 7%
$5,159,771
$5.2M
Cap Rate 9%
$4,013,156
$4.0M
Market Conditions
NOI Build-Up for 25,700 SF
Gross rent
$502.7K $19.56/SF
− Vacancy
−$21.1K −$0.82/SF
EGI
$481.6K $18.74/SF
− OpEx
−$120.4K −$4.68/SF
NOI
$361.2K $14.05/SF
Area
Schenectady County, NY
Vacancy
4.20%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,223,680
Cap Rate 7%
$5,159,771
Cap Rate 9%
$4,013,156
Alternative Uses
Best Use
Specialty Retail
$5.16M
$4.51M – $6.02M
NOI $361,184 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.69M
$6.73M – $8.97M
NOI $538,466 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
7,200 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
NBT Bank
Shops & Services
2,325 visits/mo
0.1 miles
Demographics for 12056, NY
2,192
Population
805
Households
2.7
Avg Household Size
50
Median Age
33%
College-Educated
99%
High-School Grad
18.8 sq mi
ZIP Area
117
Density / Sq Mi
$117,652
Median Household Income
$82,545
Median Earnings
$1,277
Median Rent
$346,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Schenectady County, NY
Properties on Market for Conventional restaurants in Schenectady County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An equipped kitchen, furnished dining areas, and on-site paved parking are included with the space.
Where is this conventional restaurant located?
The property is located at 5055 Western Turnpike Duanesburg, NY.
What are key features of this property?
This property features: Approximately 4,300 SF of restaurant space with kitchen equipment and furnishings included; Bar, main dining room, separate banquet room, and outdoor dining deck; Paved off‑street parking on site
