Two-Story Bar and Tavern with
For Sale
$725,000
Pending
275 Lark Street, Albany, NY 12210
A second-floor event area, private office, full bathroom, and outdoor seating support a varied hospitality layout.
Property Size2,840 SF
Days on Market733
Property Features for 275 Lark Street
General Information
Standard status
Pending
Size
2,840 SF
Total Parking Spaces
6
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Patio
Yes
Currently Operating
Yes
Building Details
Year Built
1940
Stories
2
Listing Agency:
Re Max Solutions
(518) 318-3800
Listed By:
Deanna Rubinger · License #30RU0499649
(518) 428-3093
Source:
Simplywoodardrealestate
Added: Oct 31, 2024
Changed: Nov 1
Last Checked: Nov 1 at 3:36PM
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 Re Max Solutions
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Operating bar and tavern in a two-story building containing 2,840 square feet. The upper level has an open party area, office, and full bathroom. An outdoor patio accommodates 100 seats, and six off-street parking spaces are located behind the building. The business operates seven days a week.
At 275 Lark Street in Albany, the property has street frontage and sits near City and State Capitol buildings and the city’s main traveled streets.
At 275 Lark Street in Albany, the property has street frontage and sits near City and State Capitol buildings and the city’s main traveled streets.
Key Highlights
- 2,840‑square‑foot bar and tavern building, built in 1940
- Outdoor patio with seating capacity for 100
- Second‑floor open party area, 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Similar Off Market Nearby
- Bull and Bee: Meadery & Tasting Room — 140 Hamilton St, Albany, NY 12207
- The Excelsior Pub — 54 Philip St, Albany, NY 12207
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
- Loch & Quay — 414 Broadway, Albany, NY 12207
- Palais Royale — 164 Jefferson St, Albany, NY 12210
Frequently Asked Questions
What type of property is this?
Bar & Pub - A second-floor event area, private office, full bathroom, and outdoor seating support a varied hospitality layout.
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 building, built in 1940; Outdoor patio with seating capacity for 100; Second‑floor open party area, office, and full bathroom
