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Turnkey Dine-In Restaurant with Basement
For Sale
$695,000

853 4th Avenue, Troy, NY 12182

COMMERCIAL - Troy, NY

Property Size7,161 SF
Lot Size0.28 Acres
Price / SF$97.05
Days on Market310

Property Features for 853 4th Avenue

General Information

Property type Commercial Sale
Property subtype Retail
Zoning Mixed
Parking 30
Parking features Off Street
Basement Full
Lot features Road Frontage
Elementary school district Lansingburgh
Middle school district Lansingburgh
High school district Lansingburgh
Directions Route 4 in Lansingburgh to 124th street east bound. Restaurant is on the corner of 124th Street and 4th Avenue.
Standard status Active
APN 381700 80.24-5-2
Size 7,161 SF
Lot size 0.28 Acres

Taxes and HOA fees

Tax Annual Amount 5553

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1890
Floors in Building 2
Building materials Brick
Roof type Shingle, Rubber, Flat
Additional Structures Outbuilding
Listing Agency: Armida Rose Realty Group
Listed By: Anthony Durante · License #10401327706
Added: Oct 7, 2025 Changed: Aug 4 Last Checked: Aug 12 at 5:06PM
MLS# 202527314

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.

Investment Insights

Based on property information with market context.

This turnkey restaurant opportunity includes the restaurant name and all furniture, fixtures, and equipment. The main building features a kitchen and dining room on the first floor, along with a working basement. There is also potential for additional space on a second floor, which is described as an apartment or office area with a full bathroom.

The offering includes an additional parking lot located two doors south of the restaurant, sized at 50 x 120 ft. The property is zoned Mixed.

The seller indicates openness to buyer training, and notes strong take-out performance as part of the restaurant’s current operating profile.

Key Highlights

  • Brick restaurant building built in 1890 with kitchen and dining room on the first floor
  • Includes working basement and potential second‑floor apartment or office space with a full bathroom
  • Sale includes the name plus all furniture, fixtures, and equipment

Property Analytics

Current Use

Testo's Restaurant Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Hair Salon Auto Parts 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.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

390
Businesses Nearby
72k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 44% Shops & Services 36% Dining 20%
Hannaford Groceries
31,919 visits/mo 0.3 miles
Dollar Tree Shops & Services
9,844 visits/mo 0.3 miles
Dunkin' Donuts Dining
8,702 visits/mo 0.1 miles
Family Dollar Shops & Services
8,599 visits/mo 0.3 miles
Citgo Shops & Services
4,705 visits/mo 0.2 miles

Demographics for 12182, NY

14,657
Population
7,314
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$54,663
Median Household Income
$47,077
Median Earnings
$1,012
Median Rent
$195,300
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Conventional restaurant - First-floor kitchen and dining room with a working basement, plus a potential second-floor apartment or office space.
Where is this conventional restaurant located?
The property is located at 853 4th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Brick restaurant building built in 1890 with kitchen and dining room on the first floor; Includes working basement and potential second‑floor apartment or office space with a full bathroom; Sale includes the name plus all furniture, fixtures, and equipment
More about this property
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