Waterfront Redevelopment
For Sale
$1,500,000
855 Hoosick Road, Troy, NY 12180
Turn-key restaurant on a waterfront property with active liquor license, ample parking, and substantial road and reservoir frontage.
Property Size4,060 SF
Lot Size3.55 Acres
Price / SF$369.46
Days on Market66
Property Features for 855 Hoosick Road
General Information
Standard status
Active
Size
4,060 SF
Lot size
3.55 Acres
Property subtype
Commercial
Additional Details
Liquor License
Yes
Amenities
Accessible Approach with Ramp
Accessible Doors
Accessible Hallway(s)
Accessible Sidewalks
Building Details
Year Built
1989
Listing Agency:
Inglenook Realty Inc
Listed By:
Alec Wright
(518) 639-4663
Source:
Signatureonerealtygroup
Added: May 27
Changed: Jul 26
Last Checked: Jul 30 at 6:08PM
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 Inglenook Realty Inc
Investment Insights
Based on property information with market context.
This waterfront redevelopment site includes a turn-key restaurant currently operating on the property, with an active liquor license and 143-seat guest capacity. The site also offers 100+ parking spaces and substantial frontage on both the roadway and the Brunswick Reservoir.
The property is situated on Hoosick Road (Route 7) and features approximately 650 feet of road frontage. It also includes about 818 feet of direct waterfront frontage, positioned to serve a high-visibility, commercial corridor setting.
For sale as a single parcel totaling 3.55 acres, the property’s existing restaurant improvements and waterfront positioning support a range of commercial redevelopment and adaptive reuse directions, including hospitality and event-oriented concepts, as well as other commercial uses identified in the offering.
The property is situated on Hoosick Road (Route 7) and features approximately 650 feet of road frontage. It also includes about 818 feet of direct waterfront frontage, positioned to serve a high-visibility, commercial corridor setting.
For sale as a single parcel totaling 3.55 acres, the property’s existing restaurant improvements and waterfront positioning support a range of commercial redevelopment and adaptive reuse directions, including hospitality and event-oriented concepts, as well as other commercial uses identified in the offering.
Key Highlights
- 3.55‑acre commercial site on Hoosick Road (Route 7) with approx. 650 ft of road frontage
- Approx. 818 ft of direct waterfront frontage on the Brunswick Reservoir
- Operating as a restaurant with an active liquor license and 143‑seat guest capacity
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 | $73.1k | $18.00 |
| − Vacancy | −$3.1k | −$0.76 |
| EGI | $70.0k | $17.24 |
| − OpEx | −$17.5k | −$4.31 |
| NOI | $52.5k | $12.93 |
4,060 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$750.1K
$656.4K – $875.1K
NOI $52,508 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,683 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
35k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 65%
Shops & Services 35%
Tractor Supply Co.
Home Improvements & Furnishings
11,479 visits/mo
0.0 miles
CAP COM Federal Credit Union
Shops & Services
9,126 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,100 visits/mo
0.1 miles
Hatchet Hardware Of Brunswick
Home Improvements & Furnishings
5,268 visits/mo
0.2 miles
KeyBank
Shops & Services
2,959 visits/mo
0.5 miles
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-key restaurant on a waterfront property with active liquor license, ample parking, and substantial road and reservoir frontage.
Where is this conventional restaurant located?
The property is located at 855 Hoosick Road Troy, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.55‑acre commercial site on Hoosick Road (Route 7) with approx. 650 ft of road frontage; Approx. 818 ft of direct waterfront frontage on the Brunswick Reservoir; Operating as a restaurant with an active liquor license and 143‑seat guest capacity
