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427 S Pearl St
Albany, NY 12202
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- Newly renovated bar and dining space with ADA-compliant restroom and upgraded electrical and plumbing systems.
- Two large residential units with separate entrances, updated interiors, and in-unit laundry.
- Central Albany location with proximity to I-90 and I-787, offering easy regional access for patrons and tenants.
- Commercial kitchen equipped with heavy-duty appliances and a new HVAC system.
- Liquor license opportunity and flexible configuration for bar or restaurant use.
- Historic façade with enhanced curb appeal and mixed-use zoning.
Résumé de l'annonce
A fully remodeled mixed-use property at 427 S Pearl Street offers a rare opportunity to own a historic, income-producing asset in the heart of Albany. The ground level features a commercial bar space enhanced with a dining area, updated bar, kitchen, and ADA-compliant bathroom, ideal for restaurant operations. Key updates include new high-efficiency gas heater (2025), updated electrical wiring and panels (2023), and PEX plumbing (2024). The property includes two spacious 2-bedroom apartments with quality layouts, laundry, and modern amenities. One apartment is leased at $1,300/month with the second unit ready for occupancy.
Positioned in a strong rental market, the property currently generates over $18,000 annually in residential income with potential for higher returns. A previous restaurant operator paid approximately $1,500 monthly, and the liquor license approval process has been initiated for renewed business operations. Current cap rate is estimated at 11.3%, providing a compelling opportunity for investors seeking turnkey solutions and multiple revenue streams in a high-demand area.
Positioned in a strong rental market, the property currently generates over $18,000 annually in residential income with potential for higher returns. A previous restaurant operator paid approximately $1,500 monthly, and the liquor license approval process has been initiated for renewed business operations. Current cap rate is estimated at 11.3%, providing a compelling opportunity for investors seeking turnkey solutions and multiple revenue streams in a high-demand area.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Commerce pied immeuble
Taille du bâtiment
3 141 pi²
Classe d’immeuble
C
Année de construction
1880
Prix
449 302 $ CAD
Prix par pi²
143,04 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Coefficient d’occupation des sols de l’immeuble
1,80
Taille du lot
0,04 AC
Zone de développement économique
Oui
Zonage
C1
Façade
24’ sur Pearl St
Commodités
- Ligne d'autobus
- Affichage
Impôts fonciers
| Numéro de lot | 010100-076-073-0003-035-000-0000 | Évaluation des bâtiments | 389 759 $ CAD |
| Évaluation du terrain | 39 604 $ CAD | Évaluation totale | 429 363 $ CAD |
Impôts fonciers
Numéro de lot
010100-076-073-0003-035-000-0000
Évaluation du terrain
39 604 $ CAD
Évaluation des bâtiments
389 759 $ CAD
Évaluation totale
429 363 $ CAD
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