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288 Lark St
Albany, NY 12210
Retail Property For Sale
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.
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
Property Taxes
| Parcel Number | 010100 76.31-2-75.2 | Improvements Assessment | $276,000 |
| Land Assessment | $23,000 | Total Assessment | $299,000 |
Property Taxes
Parcel Number
010100 76.31-2-75.2
Land Assessment
$23,000
Improvements Assessment
$276,000
Total Assessment
$299,000
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