Property summary
This exceptional mixed-use property at 1687 Foster Avenue in Schenectady, NY, presents a unique investment opportunity. The 3,232 square foot building, constructed in 1920, currently operates as a successful restaurant, offering a turnkey operation for a new owner. The sale includes the adjacent parking lot at 1671 Foster Ave, adding significant value and convenience. The building sits on a 0.1-acre lot (4,125 square feet) and features 9-foot ceilings throughout the main restaurant space. The property's mixed-use zoning allows for the re-establishment of a second-floor apartment, providing potential for additional income or owner occupancy. The property's address is 1687 Foster Ave, Schenectady, NY 12308, and its Assessor's Parcel Number (APN) is 42150039.42-1-9. This is an ideal opportunity for an experienced restaurateur looking to acquire an established business with immediate revenue potential, or for an investor seeking a strong return on investment with the added benefit of potential rental income from a renovated apartment. The asking price for this prime Schenectady location is $189,900. Don't miss this chance to own a thriving business and valuable real estate in a desirable area.
Property profile
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Location
Value estimations
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Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
03 - MULTI-FAMILY · Schenectady, NYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for 03 - MULTI-FAMILY in Schenectady, NY.
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