Turnkey Restaurant with Commercial
8905 Ny Highway 66 Averill Park, NY 12018
8905 Ny Highway 66, Averill Park, NY, 12018
$500,000
For Sale
$500,000
For sale turnkey restaurant with a fully equipped commercial kitchen, adjoining apartment, and entertainment hall in Averill Park.
Property Size2,357 SF
Price / SF$212.13
Days on Market407
Property Features for 8905 Ny Highway 66
General Information
- Standard status
- Active
- Size
- 2,357 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1951
Listing Agency
KW Platform
Listed by
Shana Edwards
(518) 639-4663
Source
Signatureonerealtygroup
Added: Jun 10, 2025 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 5:32 am
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
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
Local 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 | $50.9k | $21.60 |
| − Vacancy | −$2.1k | −$0.91 |
| EGI | $48.8k | $20.69 |
| − OpEx | −$12.2k | −$5.17 |
| NOI | $36.6k | $15.52 |
2,357 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$522.6K
$457.3K – $609.7K
NOI $36,580 @ 7.0% cap · market cap 7.32%
Second Best
Industrial
$355.9K
$311.4K – $415.2K
NOI $24,911 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$589.2K
$515.6K – $687.4K
NOI $41,245 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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 $500,000.
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
