162-168 Jefferson Street FOR SALE


Albany, NY - Capitol Hill
$2,800,000 USD
518-857-1505
, Albany, NY for Sale
$2,800,000 USD
FOR SALE
1/30
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162-168 Jefferson Street
Albany, NY
Capitol Hill


OVERVIEW

Attention Investors: Get your cash flow here. Purchase a famous tavern, the building it's in, and 3 additional adjoining rental properties containing 8 apartments. You can be the next owner of the well known neighborhood staple the 'Palais Royale' Bar and Grill. Included are the bar, the liquor license, ATM, dartboard, pool table, wall mounted jukebox, TV's and all FFE. Full kitchen with halon fire suppression system. 162 Jefferson St (2 units, 2BR/1BR) 164 Jefferson St is the Palais Royale Bar and Grill with an apartment upstairs (1BR). 166 Jefferson St (2 units,2BR /2BR) 168 Jefferson St (3 units) has 2 apartments upstairs (2BR/1BR) and a 1,860 ft unit commercial space on the first floor which is currently the owners living unit. This large unit features hardwoods, a private bar and high ceilings. MTM tenants All 4 buildings are zoned R2C Over six figures in potential rents plus the income from the Palais Royale makes this 4 building package with a turnkey successful business a great investment.

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John DiBlasiDiBlasi Real EstateMore Info
518-857-1505

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John DiBlasiDiBlasi Real EstateMore Info
518-857-1505

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