Restaurant and Pub with
For Sale
$1,700,000
4 Clinton Square Unit 4, Albany, NY 12207
Full-service pub and restaurant with large dining, a private party room, and an outdoor patio.
Property Size5,400 SF
Price / SF$314.81
Days on Market144
Property Features for 4 Clinton Square Unit 4
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1832
Listing Agency:
Venture Fox Realty Group LLC
(518) 932-5619
Listed By:
Sean Martin · License #10401359018
(518) 932-5619
Source:
Xome
Added: Mar 11
Changed: Jul 10
Last Checked: Jun 15 at 2:43AM
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 Venture Fox Realty Group LLC
Investment Insights
Based on property information with market context.
This multi-level restaurant and pub property includes a dining room with 100+ seats, a 75-seat private party room, and an outdoor patio with 80+ seats. The building also features second and third-floor office space, along with two apartments that can support rental income or owner use. The offering includes both the operating restaurant concept and the real estate configuration.
Located in the heart of the entertainment district at 4 Clinton Square Unit 4 in Albany, the property is described as being steps from The Palace Theatre and Empire Live, and near Capital Rep, the Albany Convention Center, the Clinton Market Collective, and the MVP Arena. With this mix of nearby venues and event activity, the facility is designed to support patrons coming for both dining and nightlife.
The combination of restaurant seating, a sizeable private event room, and additional office and residential space can be a strong fit for buyers seeking a legacy-style hospitality operation with in-building flexibility. Operators may benefit from having dedicated space for groups while retaining the option to use or lease the upper-level office areas and apartments to diversify how the building can be utilized.
Located in the heart of the entertainment district at 4 Clinton Square Unit 4 in Albany, the property is described as being steps from The Palace Theatre and Empire Live, and near Capital Rep, the Albany Convention Center, the Clinton Market Collective, and the MVP Arena. With this mix of nearby venues and event activity, the facility is designed to support patrons coming for both dining and nightlife.
The combination of restaurant seating, a sizeable private event room, and additional office and residential space can be a strong fit for buyers seeking a legacy-style hospitality operation with in-building flexibility. Operators may benefit from having dedicated space for groups while retaining the option to use or lease the upper-level office areas and apartments to diversify how the building can be utilized.
Key Highlights
- McGeary's Irish Pub includes 5,400+ sq ft of space with dining room seating for 100+ and a 75‑seat private party room.
- Outdoor patio seating for 80+ with an on‑site year‑round local live music and entertainment offering.
- Second and third‑floor office space plus two apartments for added income or owner use.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.9k | $19.80 |
| − Vacancy | −$7.2k | −$1.33 |
| EGI | $99.8k | $18.47 |
| − OpEx | −$24.9k | −$4.62 |
| NOI | $74.8k | $13.86 |
5,400 SF · lease $19.80/SF/yr · vacancy 6.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.07M
$935.2K – $1.25M
NOI $74,817 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$1.06M
$923.8K – $1.23M
NOI $73,906 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,727 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,409
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
- Derailed Bar And Grill — 700 East St, Rensselaer, NY 12144
- Bull and Bee: Meadery & Tasting Room — 140 Hamilton St, Albany, NY 12207
- The Excelsior Pub — 54 Philip St, Albany, NY 12207
- Loch & Quay — 414 Broadway, Albany, NY 12207
Frequently Asked Questions
What type of property is this?
Bar & Pub - Full-service pub and restaurant with large dining, a private party room, and an outdoor patio.
Where is this bar & pub located?
The property is located at 4 Clinton Square Unit 4 Albany, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: McGeary's Irish Pub includes 5,400+ sq ft of space with dining room seating for 100+ and a 75‑seat private party room.; Outdoor patio seating for 80+ with an on‑site year‑round local live music and entertainment offering.; Second and third‑floor office space plus two apartments for added income or owner use.
