Turnkey Restaurant with Commercial
8905 Ny Highway 66, Averill Park, NY 12018
For Sale
$450,000
For sale turnkey restaurant with a fully equipped commercial kitchen, adjoining apartment, and entertainment hall in Averill Park.
Property Size2,357 SF
Price / SF$190.92
Days on Market596
Property Features for 8905 Ny Highway 66
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Building Details
Year Built
Listing Agency:
KW Platform
Listed By:
Shana Edwards · License NY #10401257957
(518) 365-1915
Source:
Signatureonerealtygroup
Added: Mar 29, 2025
Changed: Nov 12
Last Checked: Nov 12 at 8:19AM
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 KW Platform
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.
This for-sale turnkey restaurant space is set up for immediate foodservice operations. The property includes a fully equipped commercial kitchen, along with an adjoining apartment and an entertainment hall, creating flexible room for dining, hosting, or related events. Ample parking is available for staff and guests.
Located at 8905 NY Highway 66 in Averill Park, New York, the site is positioned to serve the Poestenkill community. The overall configuration supports a full-service venue model by combining back-of-house functionality with additional rooms for customer-facing programming.
The layout is well-suited for an operator seeking a ready-to-run restaurant concept without building out major kitchen infrastructure from scratch. The included apartment can support on-site living or staff accommodation, while the entertainment hall provides an additional interior space that may accommodate programming connected to the venue’s primary use. For buyers, this package combines foodservice improvements with complementary features on a single property.
Located at 8905 NY Highway 66 in Averill Park, New York, the site is positioned to serve the Poestenkill community. The overall configuration supports a full-service venue model by combining back-of-house functionality with additional rooms for customer-facing programming.
The layout is well-suited for an operator seeking a ready-to-run restaurant concept without building out major kitchen infrastructure from scratch. The included apartment can support on-site living or staff accommodation, while the entertainment hall provides an additional interior space that may accommodate programming connected to the venue’s primary use. For buyers, this package combines foodservice improvements with complementary features on a single property.
Key Highlights
- Turnkey restaurant space in Averill Park with a fully equipped commercial kitchen
- Adjoining apartment included with the restaurant space
- Entertainment hall on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,580
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,600
$731.6K
Cap Rate 7%
$522,571
$522.6K
Cap Rate 9%
$406,444
$406.4K
Market Conditions
NOI Build-Up for 2,357 SF
Gross rent
$50.9K $21.60/SF
− Vacancy
−$2.1K −$0.91/SF
EGI
$48.8K $20.69/SF
− OpEx
−$12.2K −$5.17/SF
NOI
$36.6K $15.52/SF
Area
Rensselaer County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,600
Cap Rate 7%
$522,571
Cap Rate 9%
$406,444
Alternative Uses
Best Use
Specialty Retail
$522.6K
$457.3K – $609.7K
NOI $36,580 @ 7.0% cap · market cap 8.13%
Second Best
Industrial
$355.9K
$311.4K – $415.2K
NOI $24,911 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$589.2K
$515.6K – $687.4K
NOI $41,245 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12018, NY
7,626
Population
3,123
Households
2.4
Avg Household Size
46
Median Age
43%
College-Educated
97%
High-School Grad
46.2 sq mi
ZIP Area
165
Density / Sq Mi
$133,542
Median Household Income
$72,310
Median Earnings
$1,339
Median Rent
$318,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Rensselaer County, NY
Properties on Market for Conventional restaurants in Rensselaer County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale turnkey restaurant with a fully equipped commercial kitchen, adjoining apartment, and entertainment hall in Averill Park.
Where is this conventional restaurant located?
The property is located at 8905 Ny Highway 66 Averill Park, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Turnkey restaurant space in Averill Park with a fully equipped commercial kitchen; Adjoining apartment included with the restaurant space; Entertainment hall on‑site
