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288 Lark St 3,647 SF 100% Leased Retail Building Albany, NY 12210 $1,399,000 ($383.60/SF) 7% Cap Rate
Investment Highlights
- Fantastic opportunity to purchase historic 288 Lark Wine & Tap Room. Also included in sale 2 luxury brand new apartments w/ separate utilities.
- Property completely renovated and historically preserved in 2019. Can include package deal for 100 seat full service restaurant at next door.
- Relax at the state of the art bar w/ total seating capacity of 35 inside & 25 outside on gorgeous paved patio in the back.
- Located a block away from the State Capitol & Government Buildings.
- Sale includes, building, business & all FF&E. New built in 2019 w/ brand new equipment & furniture. Full liquor license. High foot traffic.
- Sound & security camera system in place. Owner would consider owner's financing or a lease for qualified tenant. Listing Agent is the owner.
Executive Summary
Fantastic opportunity to purchase historic Wine & Tap room. Owner would consider financing/ lease for a qualified tenant or buyer. Included in sale business & building with 2 luxury apartments in Hudson Park Neighborhood. Sale includes, building, business & all FF&E. Totally renovated in 2019 w/ brand new equipment & furniture. Full liquor license, relax at the state of the art bar w/ total seating capacity of 35 in & 25 out on gorgeous, paved patio in back. Sound & security system in place. Also included in sale are 2 luxury brand new apartments w/ separate utilities. ROP's in place. High Efficiency Appliances w/ extended warranties. A block away from the State Capitol & government buildings. Washington Park is a stones throw away. High foot traffic. Owner would consider financing / lease for qualified tenant or buyer. Can include package deal for 100 seat adjoining restaurant Listing agent is owner.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,647 SF
Building Class
C
Year Built/Renovated
1876/2019
Price
$1,399,000
Price Per SF
$383.60
Cap Rate
7%
NOI
$97,930
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.09
Lot Size
0.04 AC
Zoning
C1 - Mixed use
Frontage
18’ on Lark St
Amenities
- Bus Line
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Looking for a wine bar, Irish bar, sushi restaurant, or tapas restaurant operator! Would be a great tasting room or bar/tavern! Roughly 1,500+/- square foot, fully furnished wine bar/tavern called The 288 Lark with patio seating is available for lease for a qualified operator at $4,000 per month. www.288lark.com. Wine-Bar Restaurant is the current operating business. Has an open kitchen concept and patio, but does not have a hooded exhaust system.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500 SF | Restaurant | In-Line | 120 Days |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| 120 Days |
1st Floor
| Size | 1,500 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | 120 Days |
Looking for a wine bar, Irish bar, sushi restaurant, or tapas restaurant operator! Would be a great tasting room or bar/tavern! Roughly 1,500+/- square foot, fully furnished wine bar/tavern called The 288 Lark with patio seating is available for lease for a qualified operator at $4,000 per month. www.288lark.com. Wine-Bar Restaurant is the current operating business. Has an open kitchen concept and patio, but does not have a hooded exhaust system.
Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010100 76.31-2-75.2 | Total Assessment | $299,000 |
| Land Assessment | $23,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $276,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
010100 76.31-2-75.2
Land Assessment
$23,000
Improvements Assessment
$276,000
Total Assessment
$299,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
288 Lark St