2688 Hamburg StSchenectady, NY 12303

Property Details for 2688 Hamburg St

Year built

1964

Lot size

0.87 AC

Property size (Sq ft)

2,880 SF

Zone code

B-1

Property type

Turn key restaurants

APN

422800 59.11-11-4.1

APU

42280059111141

Description

This exceptional commercial property, located at 2688 Hamburg Street in Schenectady, New York, presents a unique investment opportunity. The 2,900 square foot building sits on a substantial 37,897 square foot lot, offering significant potential for various commercial ventures. Currently operating as a well-established diner for 46 years, the property boasts a strong history and loyal customer base. The diner features ample indoor seating for approximately 99 patrons and additional covered outdoor seating for 40. All restaurant equipment is included in the sale, ensuring a seamless transition for a new owner. The property's convenient location in Schenectady, NY, zip code 12303, ensures high visibility and accessibility. The diner's established hours of operation are Tuesday through Saturday, 8 AM to 8 PM, and Sunday, 8 AM to 3 PM, with Mondays closed. The property's size and location make it ideal for a variety of commercial uses, offering a compelling investment opportunity with significant upside potential. Detailed property and inventory documents are available upon request. This is a turnkey operation ready for a new owner to step in and continue the success of this long-standing business. The property is situated in Schenectady County, New York, and offers a rare chance to acquire a well-established business with a proven track record.

• CAP approach

  CAP return

  Valuation

  6%

  $1,051,692

  6.5%

  $970,792

  7%

  $901,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $954,652

  Geo Method

  $948,278

• Alternative Use

  Use

  Valuation

  Residential

  $818,900

  Hospitality

  $750,108

  Educational

  $624,081

  Medical

  $645,544

  Retail

  $970,792

Location Insight

City

Schenectady

County

Schenectady

State

New York

Latitude

42.7767

Longitude

-73.9344

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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