1524 Van Vranken Ave Schenectady, NY 12308-2221
- Investment properties
- 3,150 SF
- 0.08 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1524 Van Vranken Ave
- Year built
- 1984
- Lot size
- 0.08 lot acres
- Property size
- 3,150 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 421500 39.59-1-1
- APU
- 421500395911
Description
This exceptional investment opportunity presents a thriving commercial property located at 1524 Van Vranken Avenue in Schenectady, New York. The property encompasses a well-established bar and restaurant, boasting 3,150 square feet of space, situated on a 0.08-acre lot. The building's strategic location near Union College and Ellis Hospital ensures high visibility and consistent foot traffic, contributing to its strong revenue potential. Beyond the main commercial space, the property includes two additional fully rented residential units, providing a reliable stream of passive income. A four-car garage further enhances the property's income-generating capabilities. The property is zoned C-2, allowing for a variety of commercial uses. The sale includes the real estate, the established business, and all furniture, fixtures, and equipment (FFE). This three-story building offers a unique blend of commercial and residential income streams, making it an attractive investment for discerning buyers seeking a turnkey operation in a prime Schenectady location. The asking price is $680,000. This is a rare opportunity to acquire a profitable, established business with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schenectady
- County
- Schenectady
- State
- New York
- Longitude
- -73.9262
- Latitude
- 42.8206
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
