275 Lark St Albany, NY 12210-1065
- Bars
- 2,840 SF
- 0.13 lot acres
Current Use by Public Records
- Cafe Hollywood / Cafe / Bar & Grill
- Balzer & Leary / Law Firm
Property Details for 275 Lark St
- Year built
- 1940
- Lot size
- 0.13 lot acres
- Property size
- 2,840 SF
- Zone code
- R2C
- Property type
- Bars
- APN
- 010100 76.23-3-50.1
- APU
- 1010076233501
Description
This thriving bar and restaurant located at 275 Lark Street in Albany, New York, presents a unique investment opportunity. The property boasts 2,840 square feet of space, spread across two stories, and sits on a 0.14-acre lot (APN: 76.23-3-50.1). Built in 1940 and renovated the same year, the building is zoned for commercial use (Comm). The property features a prominent street frontage, maximizing visibility for the first-floor bar and tavern area. A significant asset is the second-floor space, which includes a party area, office, and a full bathroom. Outdoor seating is available on a patio with a capacity for 100 patrons. Six off-street parking spaces are conveniently located at the rear of the building. Currently operating seven days a week with 100% occupancy as of November 7, 2023, this establishment benefits from its location in a high-foot-traffic area near the City and State Capital Buildings, ensuring consistent customer flow. The asking price is $695,000, translating to $244.72 per square foot. This turnkey operation offers a compelling opportunity for a savvy investor seeking a well-established business in a prime Albany location. The property consists of one unit within a single building.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7669
- Latitude
- 42.6537
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
