Property summary
This exceptional opportunity presents the chance to acquire the well-established Colonie Diner, a thriving family-owned business located at 1890 Central Ave in Colonie, NY. The sale includes the business, all fixtures, furniture, and equipment, ensuring a smooth transition for the new owner. The 3,720 square foot, single-story building sits on a 0.77-acre lot and includes a separate four-bedroom home currently occupied by the owner. Built in 1973, the diner boasts a prime location on a busy main road, offering excellent visibility and accessibility. Currently operating from 7 AM to 3 PM, there's significant potential to extend hours and increase revenue. The property features a Class B building with asphalt shingles and municipal water. The asking price is $1,800,000, reflecting a price per square foot of $483.87. The property is zoned COR and includes two buildings, offering a unique opportunity to own a successful, established restaurant with significant growth potential and additional residential income. This turnkey operation is ready for a new owner to continue its legacy of providing delicious food and community service. The sale includes the business and real estate, offering a combined investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
45 · Albany, NYZoning
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Zoning designation
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