Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes bar, liquor license & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + standout 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.
Property Type(s):
Commercial
|
Last Updated
|
7/27/2026
|
Year Built
|
1880
|
|
County
|
Albany
|
SCHOOLS
| Elementary School |
Thomas S. O'Brien Academy |
| High School |
Albany |
Additional Details
| AIR |
Wall Unit(s) |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Interior Entry, Unfinished, Yes |
| CONSTRUCTION |
Other, Stucco, Wood Siding |
| EXTERIOR |
Lighting |
| HEAT |
Hot Water, Natural Gas |
| LOT |
1307 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| LOT DIMENSIONS |
106 X 70 |
| PARKING |
On Street |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Traditional |
| TAXES |
22668 |
| 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 2026.
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