Restaurant Ready for New
For Lease
$1,900/Mo
Pending
1-263 S Pearl St, Albany, NY 12207
First floor restaurant space, fully operational, high foot traffic.
Space SizeContact for details
Days on Market1546
Property Features for 1-263 S Pearl St
General Information
Standard status
Pending
Taxes and HOA fees
Annual Taxes
$5,885
Listing Agency:
EXP REALTY
(403) 262-7653
Listed By:
Wayne Hartard · License #10301215860
(631) 708-5249
Source:
Exprealty
Added: Jul 27, 2022
Changed: Oct 17
Last Checked: Oct 16 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY
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Investment Insights
Based on property information with market context.
This first-floor unit, with a size of 2576 square feet, is suitable for restaurant or other business owners. The space is fully complete and operational, making it ready for immediate use as a fast food burger, chicken, or pizza restaurant. The property benefits from a location with high foot traffic.
Key Highlights
- Fully complete and operational restaurant, ready to open.
- Prime location with high foot traffic.
- Suitable for fast food burger, chicken, or pizza restaurant.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.33 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,879
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 87%
Electronics 13%
Renaissance Albany Hotel
Hotels & Casinos
6,703 visits/mo
0.2 miles
Hampton Inn & Suites Albany Downtown
Hotels & Casinos
4,856 visits/mo
0.3 miles
Hyatt Place
Hotels & Casinos
2,110 visits/mo
0.4 miles
Boost Mobile
Electronics
2,019 visits/mo
0.3 miles
Demographics for 12207, NY
2,399
Population
1,553
Households
1.5
Avg Household Size
37
Median Age
36%
College-Educated
90%
High-School Grad
1.0 sq mi
ZIP Area
2,399
Density / Sq Mi
$32,418
Median Household Income
$49,531
Median Earnings
$689
Median Rent
$242,500
Median Home Value
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Market
Lease Benchmarks for Albany, NY
$13.65 /SF/Yr
Avg Asking Price
$2.91–$39.12 /SF/Yr
Price Range
77,109 SF
Avg Space Size
This space is priced 35% below the average of $13.65 /SF/Yr.
Vacancy Rate% for Retail in Albany, NY
Similar Off Market Nearby
- Trinbago Caribbean Catering — Albany, NY 12202
- Cafe 29 — Albany, NY 12210
- Ruggiero Hospitality at Sixty State Place — 60 State St, Albany, NY 12207
Frequently Asked Questions
What type of property is this?
Restaurant - First floor restaurant space, fully operational, high foot traffic.
Where is this restaurant located?
The property is located at 1-263 S Pearl St Albany, NY.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: Fully complete and operational restaurant, ready to open.; Prime location with high foot traffic.; Suitable for fast food burger, chicken, or pizza restaurant.
