Bar & Tavern with
For Sale
$725,000
Pending
275 Lark Street, Albany, NY 12210
Commercial Sale, Albany, NY
Property Size2,840 SF
Lot Size0.14 Acres
Days on Market1071
Property Features for 275 Lark Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
6
Parking features
Assigned, Off Street
Security features
Security System
Patio and Porch features
Deck, Porch
Interior features
Built-in Features
Exterior features
Lighting
Basement
Unfinished, Walk-Out Access, Full
High school
Albany
Elementary school district
Albany
Middle school district
Albany
High school district
Albany
Directions
East on Madison Avenue to a left on Lark Street
Standard status
Pending
APN
010100 76.23-3-50
Size
2,840 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
15603
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
open party area
office
full bathroom
Building Details
Year built
1940
Flooring type
Tile - Ceramic
Building materials
Brick
Roof type
Rubber
Additional Structures
Outbuilding
Listing Agency:
Re Max Solutions · RE/MAX International
(518) 318-3800
Listed By:
Deanna Rubinger · License #30RU0499649
(518) 428-3093
Added: Nov 1, 2023
Changed: Sep 12
Last Checked: Oct 6 at 2:06AM
MLS# 202327528
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This operating bar and tavern occupies a 2,840-square-foot brick building on a 0.14-acre parcel at 275 Lark Street. The layout includes a first-floor service and customer area, an open second-floor party space, an office, and a full bathroom. An outdoor patio provides seating for 100, while six off-street parking spaces are located behind the building. Tile flooring, built-in features, exterior lighting, a rubber roof, and central air are among the existing improvements. The property was built in 1940 and has Commercial zoning.
The Albany property is near the City and State Capital buildings and major city streets. Public water and public sewer serve the site, with natural gas hot-water heating. The business is open seven days a week.
The Albany property is near the City and State Capital buildings and major city streets. Public water and public sewer serve the site, with natural gas hot-water heating. The business is open seven days a week.
Key Highlights
- 2,840‑square‑foot bar and tavern on a 0.14‑acre parcel
- Outdoor patio with 100 seat capacity
- Open second‑floor party area with office and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,348
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,960
$787.0K
Cap Rate 7%
$562,114
$562.1K
Cap Rate 9%
$437,200
$437.2K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$56.2K $19.80/SF
− Vacancy
−$3.8K −$1.33/SF
EGI
$52.5K $18.47/SF
− OpEx
−$13.1K −$4.62/SF
NOI
$39.3K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,960
Cap Rate 7%
$562,114
Cap Rate 9%
$437,200
Alternative Uses
Best Use
Specialty Retail
$562.1K
$491.9K – $655.8K
NOI $39,348 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$749.3K
$655.6K – $874.2K
NOI $52,449 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,369
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 44%
Dunkin' Donuts
Dining
10,314 visits/mo
0.2 miles
Sunoco
Shops & Services
10,115 visits/mo
0.2 miles
Shogun
Dining
1,548 visits/mo
0.2 miles
Ben & Jerry's
Dining
905 visits/mo
0.2 miles
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating bar and tavern with a second-floor party area, office, full bathroom, outdoor patio, and rear parking.
Where is this bar & pub located?
The property is located at 275 Lark Street Albany, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,840‑square‑foot bar and tavern on a 0.14‑acre parcel; Outdoor patio with 100 seat capacity; Open second‑floor party area with office and full bathroom
