1890 Central Ave Albany, NY 12205-4223
- Turn key restaurants
- 3,720 SF
- 0.77 lot acres
Current Use by Public Records
- Colonie Diner / Family Restaurant / Restaurant
Property Details for 1890 Central Ave
- Year built
- 1973
- Lot size
- 0.77 lot acres
- Property size
- 3,720 SF
- Zone code
- 45
- Property type
- Turn key restaurants
- APN
- 012601 29.10-2-2
- APU
- 12601291022
Description
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.
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
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.8523
- Latitude
- 42.7338
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
