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    51 Pearl St Albany, NY 12207

    Sponsored
    For Sale
    $350,000

    Turn-key operation, high-traffic location, great potential.

    Property size:
    3,655 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional opportunity presents a fully operational restaurant and bar located at 51 S Pearl St, Albany, NY 12207. Priced at $350,000, this 3,655 square-foot establishment boasts a prime location in Albany County, benefiting from significant foot traffic generated by major area events. Built in 1990, the property sits on a 7.4-acre lot and includes 2 parking spaces. The interior features a well-equipped commercial kitchen, attractive furniture and fixtures, and a stunning fully stocked marble wrap-around bar. An upstairs area with a second bar provides a versatile space ideal for private events, while an outdoor cafe expands seating options. The main restaurant and bar area can accommodate up to 250 guests, with a seating capacity of 204, including 30 bar stools. The lease is modified and fully assignable. This turnkey operation offers immediate revenue potential, making it an attractive investment for experienced restaurateurs or event management firms. Detailed equipment lists and historical/projected revenue data are available upon request. This is a rare opportunity to acquire a well-established business in a high-demand location.

    Property Features for 51 Pearl St

    General Information

    Property type
    Investment properties
    Square Feet
    3,655 SF
    Lot Size
    322,344 SF

    Building Details

    Year Built
    1990

    HighLights

    • Turnkey restaurant and bar for sale at $350,000.
    • 3,655 square‑foot building on a 7.4‑acre lot in Albany, NY.
    • Prime location with high foot traffic, near major events.
    • Includes a fully equipped commercial kitchen, attractive FF&E, and a marble bar.
    • Upstairs space ideal for private events, plus outdoor cafe seating.
    • Seats 204, plus 30 bar stools; capacity for 250 guests.
    Property Profile Location Intelligence

    Current Use by Public Records

    Albany Empire Football Field Albany Auto Show Association Or Organization Albany County Farmers ... Farmers' Market Executive Cleaning Services ... Janitorial Service Box Office at MVP ... Event Ticket Seller

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7549566
    Latitude
    42.6484642

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    FAQs

    What type of property is this?
    Investment property - Turn-key operation, high-traffic location, great potential.
    Where is this investment property located?
    The property is located at 51 Pearl St Albany, NY.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Turnkey restaurant and bar for sale at $350,000.; 3,655 square-foot building on a 7.4-acre lot in Albany, NY.; Prime location with high foot traffic, near major events.
    Request Owner's contact information
    51 Pearl St Albany, NY 12207
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Pearl St Albany, NY 12207
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