51 S Pearl St - Sports and Entertainment FOR SALE


Albany, NY 12207
$350,000 USD
518-755-2064
51 S Pearl St, Albany, NY for Sale
$350,000 USD
Sports and Entertainment - FOR SALE
1/40
null | Request Cap Rate

51 S Pearl St
Albany, NY 12207


OVERVIEW

Rare business opportunity for experienced restaurateur or event management firm/caterer in the Albany area. Below market, fully-assignable lease for a 3,655 square-foot, fully operational Restaurant & Bar with significant traffic from major area events. Well-equipped Commercial Kitchen, furniture and fixtures, gorgeous fully stocked marble wrap-around bar, upstairs area with second bar for private events, and outdoor cafe. Restaurant & bar area occupancy of 250, with a seating capacity of 204, including 30 bar stools. There is not a better opportunity in the area for someone looking for a turn-key operation or an accessible location for special events. Call for full details to include equipment list and historical and projected event-driven revenue.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$0.73 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

51 S Pearl St, Albany, NY 12207

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

529

LAND DETAILS

LAND ACRES

7.4 AC

LAND SF

322,344 SF

ZONING

C3

APN/PARCEL ID

010100-076-011-0001-014-001-0000

ASK ABOUT THIS PROPERTY

Joseph CardinaleHoward Hanna Real Estate ServicesMore Info
518-755-2064

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Joseph CardinaleHoward Hanna Real Estate ServicesMore Info
518-755-2064

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.