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Mixed-Use Restaurant Property
For Sale
$349,900

68 Central Avenue, Albany, NY 12206

Restaurant space with two upstairs apartments, separate utilities, commercial equipment, and on-site parking.

Property Size3,840 SF
Price / SF$91.12
Days on Market281

Property Features for 68 Central Avenue

General Information

Standard status Active
Size 3,840 SF
Total Parking Spaces 4
Property subtype Multi Family / Triplex

Taxes and HOA fees

Annual Taxes $9,174

Amenities

Rubber
Window Unit(s), Yes
Hot Water, Radiant, Natural Gas, Yes
Full
Hardwood, Laminate
Yes
Brick

Building Details

Year Built 1940
Listing Agency: J & A Capital Realty
Listed By: Jennifer Gao-Bosley · License #10491209930
Source: Compass
Added: Nov 23, 2025 Changed: Aug 30 Last Checked: Aug 31 at 1:14AM

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 J & A Capital Realty

Investment Insights

Based on property information with market context.

This mixed-use property combines an operating restaurant configuration with two apartments on the upper level. The 3,840-square-foot building includes commercial appliances, a 10x10 commercial walk-in cooler, a one-car garage, and multiple parking spaces. The sale includes the business, appliances, and real estate, providing an integrated commercial and residential property offering.

Built in 1940, the building features brick construction along with hardwood and laminate flooring. Utilities are separately metered, and the property includes natural-gas radiant hot water and window unit cooling. Located at 68 Central Avenue in Albany, the property supports restaurant and residential uses within a single building.

Key Highlights

  • Mixed‑use building with a restaurant and two upstairs apartments
  • 3,840‑square‑foot building constructed in 1940
  • 10x10 commercial walk‑in cooler

Property Analytics

Current Use

Ocean Palace Restaurant

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Furniture & Home Goods Electrical Service Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,078
Businesses Nearby

Demographics for 12206, NY

17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant space with two upstairs apartments, separate utilities, commercial equipment, and on-site parking.
Where is this mixed-use property located?
The property is located at 68 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Mixed‑use building with a restaurant and two upstairs apartments; 3,840‑square‑foot building constructed in 1940; 10x10 commercial walk‑in cooler
More about this property
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