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11111466
11111465

51 S Pearl St, Albany, NY 12207

HOWARD HANNA CAPITAL INC
Listed by HOWARD HANNA CAPITAL INC
$265,000
1128 days on market
Updated 117 days ago
Opportunity zone

51 S Pearl Street

Details
Property Type Retail, Business for Sale
Square Footage 3,655
Cap Rate 10.90%
Occupancy 100%
Tenancy Single
Lease Type Modified
Remaining Term 12
Price per SqFt $73
Year Built 1990
Acreage 7.400
Parking Spaces 2 spaces
Parking Per SqFt 0.55

Rare business opportunity for experienced restaurateur or event management firm/caterer in the Alba

Marketing description

Rare business opportunity for an 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.

Listing Contacts

HOWARD HANNA CAPITAL INC
Listed by HOWARD HANNA CAPITAL INC

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