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    Turnkey Restaurant Space For Sale Title is generated by Realmo AI

    617 Union Street, Schenectady, NY 12305

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    For Sale
    $459,000

    Recently renovated restaurant space with seating and patio.

    Type:Commercial
    Property size:
    1,937 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $236/SF
    Added:
    Dec 14, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 617 Union Street

    General Information

    Standard status
    Active
    Size
    1,937 SF
    Lot size
    0.17 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

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    Listing Contact
    JESSE J LENA

    Listing agent JESSE J LENA

    Listing office ADVANTAGE REALTY LLC

    Listing date Dec 14, 2025

    Source Corcoran

    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 ADVANTAGE REALTY LLC

    HighLights

    • Turnkey restaurant space with seating for 89 plus 30 on the patio.
    • Recently renovated with new electrical, HVAC, plumbing, Ansul, and alarm systems.
    • Located in a desirable historical restaurant row near Union College and Ellis Hospital.
    • Includes a chef's kitchen and bar seating for 15.
    • Features soaring ceilings, wrought iron railings, huge glass windows, hardwood floors, and concrete counters.
    • Parking for 15 included.

    Overview

    This recently renovated brick restaurant space, a must-see for anyone considering opening a restaurant, has seating for 89 and a patio that accommodates an additional 30 patrons. The interior features soaring ceilings, wrought iron railings, and large glass windows. A chef's kitchen is included. The large brick patio is suitable for outside dining. The property is located in a desirable historical area on a restaurant row, near Union College and Ellis Hospital. The building was gutted and renovated six years ago with new electrical, HVAC, and plumbing systems, as well as Ansul and alarm systems. Some line and cooking fixtures are included. The bar has seating for 15. Additional features include hardwood floors and concrete counters. There is a full basement. Parking is available for 15 vehicles. The property size is 1,937 square feet.

    Local 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 $37.9k $19.56
    − Vacancy −$1.6k −$0.82
    EGI $36.3k $18.74
    − OpEx −$9.1k −$4.68
    NOI $27.2k $14.05
    1,937 SF · lease $19.56/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $388.9K
    $340.3K – $453.7K (±1% cap)
    NOI $27,222 @ 7.0% cap · market cap 5.93%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $579.8K
    $507.3K – $676.4K (±1% cap)
    NOI $40,584 @ 7.0% cap · market cap 8.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schenectady
    County
    Schenectady
    State
    New York
    Longitude
    -73.9363
    Latitude
    42.8161

    FAQs

    What type of property is this?
    Conventional restaurant - Recently renovated restaurant space with seating and patio.
    Where is this conventional restaurant located?
    The property is located at 617 Union Street Schenectady, NY.
    What is the asking price?
    The asking price for this property is $459,000.
    What are key features of this property?
    This property features: Turnkey restaurant space with seating for 89 plus 30 on the patio.; Recently renovated with new electrical, HVAC, plumbing, Ansul, and alarm systems.; Located in a desirable historical restaurant row near Union College and Ellis Hospital.
    More about this property
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