Albany, NY 12204 · Albany County

This turnkey restaurant and lounge spans 2,665 square feet within Loudon Plaza on Northern Boulevard, positioned at the Albany/Loudonville border near Albany Memorial Hospital. The space features a granite bar, crystal chandeliers, marble tables, velvet banquettes, and black and gold finishes throughout a front lounge, main dining room, private dining room, upscale restrooms, and covered patio. All equipment is brand new and unused, with the buildout available for purchase and lease terms negotiable with ownership. The location offers approximately 300 parking spaces and direct access to Interstates 90, 787, and 87, placing it minutes from downtown Albany's restaurants, museums, and cultural attractions.
Rare turnkey restaurant and lounge in Loudon Plaza on Northern Blvd., at the Albany/Loudonville border. Fully built out and move in ready with brand new, never used equipment at a fraction of today's build cost and available now. Showpiece interior: granite bar, crystal chandeliers, marble tables, velvet banquettes, and black and gold finishes. Front lounge, main and private dining rooms, upscale restrooms, and a covered patio. About 2,665 SF next to Albany Memorial Hospital, with roughly 300 parking spaces and fast access to I-90, I-787, and I-87, minutes to downtown Albany. Bring your concept: fine dining, Italian, steakhouse, lounge, or events. Equipment and buildout for sale; lease negotiated with ownership. Call for the equipment list and a private showing.
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The price signals we can read on this listing today. For a true sense of value against recent Albany sales, Sharon will pull the comparable closings and walk you through them.
Curious whether this home is priced right for the neighborhood?
Ask Sharon for the compsTax estimated at the Albany County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
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The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
Albany is in Albany County, NY. There are currently 279 active listings here, ranging from $12,500 to $10,899,000. Listings in this address fall under the Albany school district. Priced 39% below the Albany median of $324,000.
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Hanna Commercial · Listed by Philip Sabatino (30909)
Contact: 518-376-2717
MLS #202626419 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
Real numbers from current MLS data. Not a third-party estimate.





Every change captured by Global MLS since this listing went live.
Public assessment record for the Albany roll · Albany school district · Area of Neighborhood Shopping Centers
| Year | Assessed value | Full market value | Change |
|---|---|---|---|
| 2025 | $3,787,000 | $3,944,792 | +4.2% |
| 2024 | $3,787,000 | $3,787,000 | +86.1% |
| 2023 | $1,441,000 | $2,034,449 | +12.6% |
| 2022 | $1,441,000 | $1,807,577 | +12.3% |
| 2021 | $1,441,000 | $1,610,056 |
Assessed and full market values come from the local assessor and lag the market; the tax bill is the assessed value times the town, county and school rates, which the seller’s disclosure will show. STAR and other exemptions are not reflected here.
Outside FEMA-mapped flood hazard areas
This point is not inside any Special Flood Hazard Area or moderate-risk zone on the current FEMA flood map. Flood insurance is optional here and usually inexpensive.
See the official FEMA flood map for this pointSource: FEMA National Flood Hazard Layer, checked 2026-09-18. Zones are drawn by FEMA and can change; an elevation certificate governs insurance.