Restaurant Business With
718 Central Avenue, Albany, NY 12206
For Sale
$139,000
Commercial Sale, Albany, NY
Property Size6,384 SF
Lot Size0.51 Acres
Price / SF$21.77
Days on Market186
Property Features for 718 Central Avenue
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Flooring type
Building materials
Listing Agency:
Field Realty
(518) 495-1877
Listed By:
James F Lyman · License NY #10401326488
(518) 330-8360
Added: May 13
Changed: Oct 27
Last Checked: Nov 14 at 1:06AM
MLS# 202617128
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Restaurant business offered with the operating equipment in place, including a walk-in cooler, gas stove, slicers, and additional coolers. The property encompasses 6,384 square feet on 0.51 acres, with vinyl and tile flooring, block and vinyl siding construction, natural gas forced-air heat, and wall-unit cooling.
Located at 718 Central Avenue in Albany, the property has off-street parking and is served by public water and public sewer. An assumable lease with more than two years remaining includes an option at the end of the lease term. The existing setup supports continued delicatessen operations, while the source information also identifies the possibility of expanding the current business scope.
Located at 718 Central Avenue in Albany, the property has off-street parking and is served by public water and public sewer. An assumable lease with more than two years remaining includes an option at the end of the lease term. The existing setup supports continued delicatessen operations, while the source information also identifies the possibility of expanding the current business scope.
Key Highlights
- 6,384‑square‑foot restaurant property on 0.51 acres
- Business sale includes walk‑in cooler, gas stove, slicers, and coolers
- Assumable lease with 2+ years remaining and an end‑of‑term option
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
129k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 31%
Dining 20%
Apparel 4%
Hannaford
Groceries
26,365 visits/mo
0.4 miles
Dollar Tree
Shops & Services
15,429 visits/mo
0.5 miles
Asian Food Market
Groceries
13,159 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,855 visits/mo
0.0 miles
Mobil
Shops & Services
9,921 visits/mo
0.1 miles
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
$162,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Albany, NY
Properties on Market for Conventional restaurants in Albany
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established delicatessen business with restaurant equipment, off-street parking, and an assumable lease option.
Where is this conventional restaurant located?
The property is located at 718 Central Avenue Albany, NY.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: 6,384‑square‑foot restaurant property on 0.51 acres; Business sale includes walk‑in cooler, gas stove, slicers, and coolers; Assumable lease with 2+ years remaining and an end‑of‑term option
