1524 Van Vranken AveSchenectady, NY 12308

For Sale
$680,000

Established Bar & Apartments, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $680,000 asking price.
  • 3,150 square foot retail property on 0.08 acres.
  • C-2 zoning.
  • Two units, three stories.
  • Includes a four-car garage.
  • Located in Schenectady, NY, near Union College and Ellis Hospital.

Property Details for 1524 Van Vranken Ave

Property type
Other retail properties, Restaurants
Square Feet
3,150 SF
Stories
3
Lot Size (sq. ft)
3,485 SF
Units
2

Location Insight

City
Schenectady
County
Schenectady
State
New York
Latitude
42.8205832
Longitude
-73.9261682
1524 Van Vranken Ave, Schenectady, New York

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1524 Van Vranken Ave
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