Interested in becoming a restaurateur in the state capital? The possibilities run the gamut. Here are some examples of what currently is being listed for sale in Albany. Details and prices are courtesy of the LoopNet real estate website
Lombardo’s Restaurant, located at 119 Madison Avenue near Pearl, is an operating business that calls itself the city’s second oldest restaurant (the oldest is Jack’s Oyster House, now 101 years old). It covers 9,167 square feet, has a 120-seat dining room, 24-seat lounge, 15-set bar and an 80-seat banquet room. Perhaps just as important for a city property, it has its own parking lot for 55 vehicles. The asking price is $795,000.
Franklin’s Tower at 414 Broadway, just south of State Street, is on the market at an asking price of $449,000. The 6,569-square-foot space includes dining space on two floors, a banquet room on the third floor, a classic 1930s-era mahogany first-floor bar, and other goodies. Last month, owner Patrick Hall changed the operation from a fulltime restaurant to a business serving customers only at banquets or when certain concerts and other events promising high attendance are in town. Hall founded the business in 2004 as a successor to the Plaza Grill that had operated there for more than seven decades.
Debbie’s Kitchen, at 456 Madison Avenue, is a smaller, simpler facility. It has 1,760 square feet, French doors that open to sidewalk seating, a one-bedroom second-floor apartment, backyard and deck. Debbie Klauber founded the business in 1985 on Lark Street then moved it to its present location in 2000, selling it in 2010 to Tom Reiner. Today’s asking price: $199,000.
The Ginger Man, longtime wine-centric restaurant located at 234 Western Avenue, is for sale for $874,900. It covers 3,645 square feet and has 22 off-street parking spots in a private lot, as well as an upstairs apartment.
The Washington Tavern, at 250 Western Avenue near the College of Saint Rose, covers 3,426 square feet. The price has been reduced to $629,900. Same owner-operator for four decades.
The Sports Grill at 221-225 Allen Street, just off Central, covers just under 3,000 square feet. The asking price is $424,900 for a property remodeled in 2010 and offering a large bar area plus seating for 75 upstairs and 75 in the downstairs banquet room.
The former Jillian’s, at 59 North Pearl Street between Pine and Steuben, consists of a restaurant, kitchen area, banquet room, private party room, game room, dance club, office, restrooms and 3,000 square feet. It also has a second-floor apartment with its own elevator. Asking price:$1,599,000.
The Victory Cafe, located at 8-10 Sheridan Avenue opposite the Capital Repertory Theatre, includes a bar, 65-seat restaurant and 65-seat upper level banquet room, plus sidewalk seating. The asking price is $790,000.
The bar/restaurant at the Times Union Center, 51 South Pearl Street, is on the block for $399,000. It cites “all brand new equipment, TV’s tables, chairs, all new finishes, completely furnished first and second levels,” the latter with a view of the street below.
The buildings at 40-48 South Pearl Street include a fully-furnished kitchen — grill, walk-ins, prep line, washer, fryers and oven — as well as a large bar area for 80, casual seating for additional 40 at tables, main dining room for 175, second floor mezzanine for 60+, and rooftop bar and seating area. Elevators service each building. Price: $899,000.
And, as for potential leases, here are a few:
The elegant former Brown Derby, which takes up 8,000 square feet of the 16,000-square-foot, three-story building at 22 Clinton Avenue, opposite the Palace Theater, divided into about 5,000 square feet of space on the first floor and about 3,000 of ground floor “accessory space.” $17.25 per square foot per year.
The former Jack’s Pizza at 52 South Pearl Street opposite the Times Union Center offers 3,200 square feet for $1,595 a month. The building owner says the space is suitable for a bar, restaurant or other such enterprise.
The former 1228 Grill is 6,000 square feet in a 23,000-square-foot structure that began life as part of the now-defunct Ground Round chain. Located opposite the UAlbany campus entrance at 1228 Western Avenue, it seats 250, has a private events room and a very large kitchen. Leasing price: $14 per square foot per year.