SQUARE FEET5,760
MLS#202600429
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Opportunity meets character at 427 S Pearl St, a fully remodeled mixed-use building featuring one of Albanys last historic bar spaces plus two income-producing apartments. The commercial space offers a renovated bar/lounge with custom bar, dining area, kitchen, office, and two bathrooms (one ADA). Restaurant equipment included! Updated systems, USB outlets, and new high-efficiency gas heater (2025). Currently generating $1,500/month with upside to ~$2,000 with liquor license.Upstairs are two 2-bedroom apartments, both occupied (month-to-month) at $1,300 and $1,400. Improvements include roof (2018), electrical (2023), sewer line (2024), PEX plumbing, and newer hot water tanks. Tenants pay utilities. Gross: $50,400/year | Expenses: ~$13,206 | NOI: ~$37,194 | 11%+ cap rate.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Window Unit(s)
Heating: Electric
Home Style: Mixed Use
Lot Size: 0.04 Acres
Roof Type: Asphalt, Rubber
Taxes: $9,963
Year Built: 1880
Feature Descriptions
Building Ceiling Height: 8
Current Use: Mixed Use
Days on Site: 21
Exterior: Brick
General Taxes: 4031.23
Lot Dimensions: 0
possible Use: Mixed Use
School Taxes: 5932.62
Sewer: Public Sewer
SQFT Building Available: 5760
SQFT Retail Available: 1920
Water: Public
Listed By / Shown By
Listing By
Agency Name: Hanna Commercial
Agency Phone: (518) 458-7000
Shown By
Agency Title: Coldwell Banker Commercial Prime Properties, Inc.
Agency Phone: 518-785-9000
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