For lease

$3,000/mo

2,936 SF reportedBuilt 1890

40 Eagle StAlbany, NY 12207

Hospitality property (from the listing description) · Hotel or motel · MLS 12016128 · Listed 29 days ago (Oct 6, 2026)

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Active: Listed and available according to the MyStateMLS feed.

About this space

Own your Downtown Albany's largest cigar lounge! 3 floors. A prime downtown location. A turnkey business for $50,000. Across from the Albany Capital Center and Renaissance Albany Hotel, this three-floor cigar lounge puts you steps from conventions, concerts and downtown nightlife, and just a few blocks from the New York State Legislature. Step inside and you'll find plush lounge chairs, décor inspired by old Albany politics, and a wooden humidor that gives the space its unmistakable character. Two entrances and a location next to a popular bar add to its appeal. The owner invested more than $300,000 in the business and wants it to continue as a cigar lounge. With other interests now taking priority, the owner is offering the business turnkey for $50,000, with rent of $3,000 per month. The operation does not require a large staff. If you love cigars and have dreamed of owning a lounge where Albany's visitors and regulars can settle in, talk politics and enjoy a good smoke, this is your opportunity.

Description provided by the listing brokerage.

Key facts

Asking rate
$3,000/mo
Status
For lease
Property type
HospitalityFrom the listing description
Reported area
2,936 SFSource field LivingArea; the listing does not say whether this is the space or the whole building
Year built
1890
MLS number
12016128

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Lease rate

Rate as listed
$3,000/moMyStateMLS ListPrice
Unit and period
Total rent per monthFrom the description: "…or $50,000, with rent of $3,000 per month. the operation does n…"
Base rent
$3,000/mo ($36,000/yr)
Lease structure
Not stated
Available
Oct 6, 2026

A rate per square foot needs the leased area, which the listing does not state as a single figure. Not included in the base figure: Any additional charges (the listing does not state a lease structure or charges).. Not provided is different from included or zero. Confirm the rate, area, term and every additional charge in writing.

Space and building

Stories
3
Reported zoning
CommercialAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
County
Albany County

Reported features

  • Near public transit (from a listing field)
  • Public water (from a listing field)

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Flooring

  • Hardwood

Heating

  • Hot Water

Construction

  • Brick

Roof

  • Slate

Water

  • Public (Water Source)

Sewer

  • Other

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Albany or hospitality property in Albany.

Why this listing is on Commercial Only

  • Property type as the listing describes it. (description: "…y capital center and renaissance albany hotel, this three-floor cigar lounge puts you…")
  • MLS property class detail. (PropertyTypeDetail: comm-lease)

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Price and status history

    Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

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    Listing courtesy of EVERGREEN REALTY & INVESTMENTS · MyStateMLS #11764242

    Guides

    Listing courtesy of REALTY ONE GROUP KEY. Listing agent: Teresa Gitto. Co-listing agent: Leah Witko. Listings provided by MyStateMLS.

    Listing last modified at the source Oct 6, 2026, 5:54 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 1:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.