1814 Central AveAlbany, NY 12205

For Sale
$300,000

Established Bar & Restaurant, $300,000

Overview

Added:
Dec 11, 2024
Days on market:
93
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
Other 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
1814 Central Ave, Albany, New York

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1814 Central Ave
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