For Sale
$300,000

1814 Central Ave Albany, NY 12205

Established Bar & Restaurant, $300,000

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional turnkey opportunity presents the chance to acquire the established O'Toole's Bar and Restaurant, located at 1814 Central Avenue in Albany, New York, 12205. Built in 2000, this single-story, commercially zoned property offers a thriving business with significant upside potential. The asking price is $300,000, encompassing the real estate and all fixtures, furniture, and equipment (FF&E). The existing restaurant boasts a long and successful history, generating consistent profitability. Recent capital improvements have significantly enhanced the property's functionality and capacity. A notable addition is a newly constructed extension, perfectly suited for hosting events, conferences, and meetings, adding a valuable revenue stream. This expansion provides ample space for increased seating and private functions, catering to a wider range of clientele. The business model includes several additional revenue-generating components that a new owner can leverage to further increase profitability. This is a rare opportunity to acquire a well-established, profitable business with significant growth potential in a desirable Albany location. The property consists of one building on a single story, and is situated within a commercially zoned area. All necessary permits are in place. This is a truly turnkey operation, ready for immediate ownership and operation.

Property Details for 1814 Central Ave

Property type
Retail properties, Restaurants
Year Built
2000
Buildings
1
Stories
1

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.7298275
Longitude
-73.8476609

FAQs

What type of property is this?
Retail property - Established Bar & Restaurant, $300,000
Where is the retail property located?
The property is located at 1814 Central Ave Albany, NY.
What is the asking price?
The asking price for this property is $300,000.
How can I contact the broker?
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1814 Central Ave
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