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.
Property Type(s):
Commercial
|
Last Updated
|
11/4/2025
|
Year Built
|
1898
|
|
County
|
Albany
|
SCHOOLS
| Elementary School |
Thomas S. O'Brien Academy |
| High School |
Albany |
Additional Details
| AIR |
Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Unfinished, Yes |
| CONSTRUCTION |
Fiber Cement, Wood Siding |
| EXTERIOR |
Other |
| HEAT |
Baseboard, Hot Water, Natural Gas, Zoned |
| INTERIOR |
Other, Wet Bar |
| LOT |
0.67 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Level |
| LOT DIMENSIONS |
106 x 70 |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Multiple Dwelling Unit |
| TAXES |
16571 |
| UTILITIES |
Sewer Connected |
| WATER |
Public |
Location
This listing courtesy of DiBlasi Real Estate
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2025.
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