Turn-Key Restaurant & Bar
For Sale
Contact for pricing
Pending
51 S Pearl St, Albany, NY 12207
Fully operational restaurant and bar with event-driven revenue potential.
Property Size3,655 SF
Days on Market1205
Property Features for 51 S Pearl St
General Information
Standard status
Pending
Size
3,655 SF
Total Parking Spaces
2
Property subtype
Retail, Business for Sale
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1990
Tenancy
Single
Listing Agency:
HOWARD HANNA CAPITAL INC
(518) 755-2064
Listed By:
Joseph Cardinale · License #10401290174
Source:
Crexi
Added: May 5, 2023
Changed: Aug 12
Last Checked: Aug 20 at 11:59AM
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 HOWARD HANNA CAPITAL INC
Investment Insights
Based on property information with market context.
This is a rare business opportunity for an experienced restaurateur or event management firm/caterer in the Albany area. The property features a 3,655 square-foot, fully operational Restaurant & Bar with significant traffic from major area events. It includes a well-equipped Commercial Kitchen, furniture and fixtures, a fully stocked marble wrap-around bar, an upstairs area with a second bar for private events, and an outdoor cafe. The restaurant and bar area has an occupancy of 250, with a seating capacity of 204, including 30 bar stools. This is a turn-key operation or an accessible location for special events.
Key Highlights
- Fully operational 3,655 sq ft Restaurant & Bar with high traffic due to major area events.
- Below‑market, fully‑assignable lease.
- Occupancy of 250 with seating for 204, including 30 bar stools.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,838
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 68%
Shops & Services 20%
Electronics 12%
Renaissance Albany Hotel
Hotels & Casinos
6,703 visits/mo
0.2 miles
Hampton Inn & Suites Albany Downtown
Hotels & Casinos
4,856 visits/mo
0.5 miles
U-Haul Moving & Storage Of Albany
Shops & Services
3,480 visits/mo
0.5 miles
Boost Mobile
Electronics
2,019 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in Albany, NY
Questions? Ask Rey
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Similar Off Market Nearby
- Lia Lounge at MVP Arena — 51 S Pearl St, Albany, NY 12207
- Bull and Bee: Meadery & Tasting Room — 140 Hamilton St, Albany, NY 12207
- The Excelsior Pub — 54 Philip St, Albany, NY 12207
- Palais Royale — 164 Jefferson St, Albany, NY 12210
- Loch & Quay — 414 Broadway, Albany, NY 12207
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully operational restaurant and bar with event-driven revenue potential.
Where is this bar & pub located?
The property is located at 51 S Pearl St Albany, NY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Fully operational 3,655 sq ft Restaurant & Bar with high traffic due to major area events.; Below‑market, fully‑assignable lease.; Occupancy of 250 with seating for 204, including 30 bar stools.
