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    5527-5531 Ny-7 Hoosick Falls, NY 12090

    Sponsored
    For Sale
    $199,999

    Turnkey Restaurant, Owner's Unit, High Traffic Location

    Property size:
    3,035 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,035 square foot commercial property, located at 5527-5531 NY-7 in Hoosick Falls, NY (zip code 12090), presents a rare investment opportunity. Built in 1949, this single-story building sits on a commercially zoned lot (APN: 39.-1-7.1) and is currently configured as a restaurant and ice cream parlor, including an owner's unit or rental apartment. The property boasts ample parking for over 30 vehicles, providing convenient access for patrons. Its strategic location on State Route 7, the gateway to Vermont, ensures high visibility and accessibility for both local residents and tourists traveling between New York and Vermont. Less than 20 minutes from Williamstown, MA, this location offers significant exposure to a wider market. The versatile nature of this property makes it ideal for a variety of uses, from a continued operation as a restaurant/bar to other commercial ventures. The inclusion of a residential component adds to its appeal, offering potential rental income or the option for owner occupancy. This turnkey operation presents a unique opportunity for both investors seeking rental income and entrepreneurs looking for an established business with residential convenience.

    Property Features for 5527-5531 Ny-7

    General Information

    Property type
    Restaurants
    Square Feet
    3,035 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    1

    HighLights

    • $199,999 asking price for this retail property.
    • 3,035 square foot building on a 1‑acre lot.
    • Located at 5527‑5531 NY‑7, Hoosick Falls, NY 12090.
    • Features one, single‑story building constructed in 1949.
    • Currently configured as a restaurant/ice cream parlor with an owner's apartment.
    • Commercial zoning permits versatile use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Hoosick Falls
    County
    Rensselaer
    State
    New York
    Longitude
    -73.282233
    Latitude
    42.879003

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Owner's Unit, High Traffic Location
    Where is this restaurant located?
    The property is located at 5527-5531 Ny-7 Hoosick Falls, NY.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: $199,999 asking price for this retail property.; 3,035 square foot building on a 1-acre lot.; Located at 5527-5531 NY-7, Hoosick Falls, NY 12090.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5527-5531 Ny-7 Hoosick Falls, NY 12090
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