1118 Broadway - Bar FOR SALE


Albany, NY 12204- North Albany-Shaker Park
$299,000 USD
518-337-3705
1118 Broadway, Albany, NY for Sale
$299,000 USD
Bar - FOR SALE
1/49
null | Request Cap Rate


HIGHLIGHTS

  • Located in Albany’s fast-growing Warehouse District
  • Twelve (12) car parking lot
  • Municipal water and sewer

OVERVIEW

Prime redevelopment opportunity in Albany’s fast-growing Warehouse District. Directly across from National Grid’s Albany HQ and steps from Druthers Brewing Company, this +/-3,106 SF two-story brick building offers a former bar on the first floor and potential for two residential apartments above. Includes two adjoining parcels totaling +/-0.19 acres with 100’ of frontage on Broadway and a paved, fenced 12-car parking lot. Constructed in 1940, the building needs work but presents strong value-add potential. MU-NC zoning allows many uses including multifamily, retail, restaurant, and office. Municipal water and sewer. Annual taxes $6,526.98. Traffic counts: 4,655 AADT on Broadway with additional visibility from I-90 at 101,791 AADT. 1118 Broadway (Tax ID 65.44-3-12) & 2 Genessee St (Tax ID 65.44-3-8)

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Retail with Parking Lot

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Residential, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

MU-NC

APN/PARCEL ID

010100-065-044-0003-012-000-0000

ASK ABOUT THIS PROPERTY

Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

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Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.