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Listed by John S DiBlasi • DiBlasi Real Estate

$ 2,800,000

Est. payment -/mo

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New

162-168 Jefferson Street Albany, NY 12210

10 Baths

10,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $280

MLS Listing ID 202528996

HOA Y/N No

Year Built 1898

Annual Tax Amount $16,571

Lot Size 10,000 Sqft

Acres 0.67

Lot Dimensions 106 x 70

Property Sub-Type Business

Source Global MLS

Property Description

Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a great investment.

Location

State NY

County Albany

Zoning Commercial

Direction 4 buildings on the corner of Jefferson St. and Dove St.

Interior

Interior Features Other, Paddle Fan, Wet Bar

Heating Baseboard, Hot Water, Zoned, Natural Gas

Flooring Tile, Hardwood, Laminate

Inclusions Business & Building, Building & Land

Equipment Other

Exterior

Exterior Feature Other

Parking Features Public Parking

Roof Type Flat,Rubber

Porch Patio

Building

Lot Description Road Frontage, Level, Corner Lot

Sewer Public Sewer

Water Public

Architectural Style Multiple Dwelling Unit

New Construction No

Schools

School District Albany

Others

Tax ID 76.32-5-3

Special Listing Condition Standard

Christina Hennessy

Agent | License ID: 40HE1102041

+1(518) 257-0233