Property profile

4 Clinton Sq Albany, NY 12207

FOR SALE
Investment properties
Property ID
US63-2181846
5,437 SF 0.06 ac lot Built 1832
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire the historic McGeary's, a thriving bar and restaurant located in Albany, NY's vibrant entertainment district. The property, situated at 4 Clinton Square, boasts a prime location and substantial square footage. The 5,437 square foot building, constructed in 1890, features a main-level bar and restaurant with indoor seating for over 100 patrons and an outdoor patio capable of accommodating 80+. The building also includes an office and apartment on the second and third floors, adding to its versatility and potential. Currently operating at 75% occupancy, this turnkey operation offers both lunch and late-night dining services. The property sits on a 2,652 square foot lot and is zoned for commercial mixed use. The asking price for the business is $849,000, with an absolute NNN lease type. The building is a single-tenant property, offering a unique opportunity for ownership in a bustling downtown area. This three-story building represents a rare blend of historical charm and modern commercial viability. Don't miss this chance to own a piece of Albany's rich history and vibrant culinary scene.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1832
Total area 5,437 SF
Lot 0.06 ac (2,652 SF)
Zoning code C3
APN 010100 76.26-4-24
UPID US63-2181846

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Nightclub

Location

4 Clinton Sq Albany, NY 12207
Albany metro Census 201 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2011
1 recorded transaction
2011
$550,000

Zoning & alternative use

C3 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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