$475,000
Menands, NY 12204
MLS# 202424013
Status: Closed
2 baths | 2940 sqft
1 / 43
Property Description
Popular local turnkey gem with loyal following, seats approximately 100. Beautiful new patio for additional seasonal seating. Bar seats about 20 and is fully equipped & functioning restaurant and bar including all FFE. Spacious working kitchen with all equipment and walk ins. An eclectic blend of modern and vintage decor makes for a beautiful space to create your restaurant dreams or create something new. Previously building-2 separate spaces/businesses. Situated on a corner double lot with pvt parking lot and ample street parking too. Menands has some great things happening bringing in new business and residents, start your new chapter here. Building, Business, Fixtures included. Please don't approach staff. No showings during business hours as restaurant is still operating
Details
Maps
Contract Information
Original List Price: 499900
Lease Considered: No
List Price/SqFt: 170.03
Sold Price/SqFt: 161.56
List Price/Acres: 2173478.26
Sold Price/Acres: 2065217.39
Status: Closed
Property Sub Type: Business
Sold Price: $475,000
Listing Contract Date: 2024-08-21
Current Price: $475,000
Location
City/Town (Mail): Menands
Cross Street: North Pearl and Wolfert
Street Number: 704
Street Direction Prefix: N
Street Name: Pearl
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12204
Geo Lat: 42.677655
Geo Lon: -73.737181
Property Detail
Stories: 1
Number Of Buildings: 1
Business Name: Il Faro Restaurant & Bar
Parking Y/N: Yes
Lot Size Square Feet: 10019
Zoning: Mixed
Lot Size Dimensions: 76 X 112
Lot Size Acres: 0.23
Building Area Total: 2940
Main Road Frontage: 76112
Waterfront Y/N: No
Land Lease Y/N: No
Year Built: 1920
Bathrooms Total: 2
Parcel, Tax, HOA
Parcel Number: 012603 54.20-3-37
Tax Annual Amount: 12567.67
Tax Section: 54.20
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 37.000
School District: Menands
Association Y/N: No
Directions & Remarks
Directions: North Pearl Street on the corner of Wolfert. Right by the WNYT Studios.
Public Remarks: Popular local turnkey gem with loyal following, seats approximately 100. Beautiful new patio for additional seasonal seating. Bar seats about 20 and is fully equipped & functioning restaurant and bar including all FFE. Spacious working kitchen with all equipment and walk ins. An eclectic blend of modern and vintage decor makes for a beautiful space to create your restaurant dreams or create something new. Previously building-2 separate spaces/businesses. Situated on a corner double lot with pvt parking lot and ample street parking too. Menands has some great things happening bringing in new business and residents, start your new chapter here. Building, Business, Fixtures included. Please don't approach staff. No showings during business hours as restaurant is still operating
Sewer
Public Sewer: 1
Current Use
Restaurant: 1
Architectural Style
Commercial: 1
Restaurant: 1
Retail: 1
Cooling
Central Air: 1
Basement
Full: 1
Lot Features
Corner Lot: 1
Building Detail
Building Ceiling Height: 14
Retail Total SQFT: 2930
Construction Materials
Block: 1
Business Type
Restaurant: 1
Flooring
Tile: 1
Vinyl: 1
Wood: 1
Showing Requirements
Agent to Accompany: 1
No Sign: 1
Restricted Days: 1
Restricted Hours: 1
Security System: 1
Special Listing Conditions
Standard: 1
Roof
Flat: 1
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 17
Paved: 1
Private: 1
Patio And Porch Features
Patio: 1
Possible Use
Business: 1
Mixed: 1
Office: 1
Office Plus: 1
Office/Retail: 1
Restaurant: 1
Retail: 1
Tavern: 1
Tavern Plus: 1
Other: 1
Fitness/Gym: 1
Laundromat: 1
Medical/Dental: 1
Sale Includes
Building & Land: 1
Business & Building: 1
Status Change Info
Status Change Date: 2025-02-07
Under Contract Date: 2024-10-02
Sold Date: 2025-02-07
Sold Price: $475,000
Property Features
Architectural Style: Commercial; Restaurant; Retail
Basement: Full
Construction Materials: Block
Cooling: Central Air
Current Use: Restaurant
Business Type: Restaurant
Flooring: Tile; Vinyl; Wood
Heating: Forced Air; Natural Gas
Lot Features: Corner Lot
Parking Features: Paved; Private
Patio And Porch Features: Patio
Possible Use: Business; Mixed; Office; Office Plus; Office/Retail; Restaurant; Retail; Tavern; Tavern Plus; Other; Fitness/Gym; Laundromat; Medical/Dental
Roof: Flat; Rubber
Sale Includes: Building & Land; Business & Building
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; No Sign; Restricted Days; Restricted Hours; Security System
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of RE/MAX Capital
Listing Agent: Jeffrey P Decatur
518-369-5333 | jeffreydecatur@gmail.com
518-369-5333 | jeffreydecatur@gmail.com
