1524 Van Vranken Ave Schenectady, NY 12308-2221
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Schenectady, NYSchenectady. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.