162-170 Jefferson Street

$2,300,000

Business For Sale - Active

Commercial
MLS # 202622721

Listing Provided By: DiBlasi Real Estate John S DiBlasi518-857-1505

Property Details

Acres: 0.03
Building Area: 10,000
Town: Albany
Property Type: Commercial
School District: Albany
Estimated Taxes: $22,668
Water: Public
Sewer: Public Sewer
Heat: Hot Water, Natural Gas
Property Style: Traditional
Basement: Full, Interior Entry, Unfinished
Exterior: Other, Stucco, Wood Siding
Exterior Features: Lighting
County: Albany
Cooling: Wall Unit(s)
Zoning: Commercial
Available SqFt: 10,000

Remarks

Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

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Contact an Agent

Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net