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51 S Pearl St - 51 S Pearl St, Albany, NY 12207

476,576 SF Sports & Entertainment Building Offered at $350,000 in Albany, NY 12207

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Executive Summary

Rare business opportunity for experienced restaurateur or event management firm/caterer in the Albany area. Below market, fully-assignable lease for a 3,655 square-foot, fully operational Restaurant & Bar with significant traffic from major area events. Well-equipped Commercial Kitchen, furniture and fixtures, gorgeous fully stocked marble wrap-around bar, upstairs area with second bar for private events, and outdoor cafe. Restaurant & bar area occupancy of 250, with a seating capacity of 204, including 30 bar stools. There is not a better opportunity in the area for someone looking for a turn-key operation or an accessible location for special events. Call for full details to include equipment list and historical and projected event-driven revenue.

lower & atrium levels

Floor Plan

Property Facts

Price	$350,000	Lot Size	7.40 AC
Price Per SF	$1	Building Size	476,576 SF
Sale Type	Investment	No. Stories	4
Sale Conditions	Business Value Included	Year Built	1990
Property Type	Sports & Entertainment	Parking Ratio	0.98/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$350,000
Price Per SF	$1
Sale Type	Investment
Sale Conditions	Business Value Included
Property Type	Sports & Entertainment
Building Class	B
Lot Size	7.40 AC
Building Size	476,576 SF
No. Stories	4
Year Built	1990
Parking Ratio	0.98/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.