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    OFF-MARKET
    Office Spaces

    113 State St, Albany, NY 12207

    Property ID
    Property summary
    AI-generated overview

    This thriving deli located at 113 State Street in Albany, New York, presents a fantastic investment opportunity. Priced at $115,000, this established business boasts a prime location in the heart of downtown Albany, surrounded by municipal buildings, law firms, lobbying groups, and banks, ensuring a consistent flow of customers. Currently operating Monday through Friday, the deli serves breakfast and lunch, with seating for 22 patrons. The breakfast menu offers significant potential for expansion with an earlier opening time. Beyond its walk-in clientele, the deli has a successful catering arm, regularly serving events of up to 200 people. This turnkey operation provides a ready-made business with established clientele and a proven track record. The property itself is an office space, though the square footage is currently unlisted. The address is verified as 113 State Street, Albany, NY 12207, within Albany County (36001). This presents a unique opportunity to acquire a profitable business in a high-demand area with substantial growth potential. The sale includes the established business, its existing equipment, and its loyal customer base. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Property profile
    Verified
    Property type Office Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Law Office of Ken McCauley Law Firm
    • NYS Building & Construction Trades Charitable Organization Social Service Agency
    • Ria's Bistro Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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