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Property profile & analytics
FOR SALE
Bars & Pubs

275 Lark St Albany, NY 12210

2,840 SF 0.13 ac lot Built 1940
Entity Owned 12-yr Hold Free & Clear
Property ID
US63-6187432
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Bars & Pubs
Use group NIGHTCLUB (COCKTAIL LOUNGE)
Year built 1940
Total area 2,840 SF
Lot 0.13 ac (5,871 SF)
Zoning code R2C
APN 010100 76.23-3-50.1
UPID US63-6187432
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cafe Hollywood Bar & Pub Restaurant
  • Balzer & Leary Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
A J Lark Holdings LLC · 12 yrs held
A J Lark Holdings LLC
since 2013
3 recorded transactions
2013
$450,000
2005
Price N/A
1969
Price N/A
Zoning & alternative use
R2C · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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