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Property profile

2615 2nd Ave Watervliet, NY 12189

OFF-MARKET
Investment properties
Property ID
US63-6076380
View Sample
1,260 SF 0.36 ac lot Built 1966
Entity Owned 16-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional retail property, located at 2615 2nd Ave Unit 2615 in Watervliet, NY, presents a compelling investment opportunity. Situated on a sizable 0.36-acre lot, this property offers significant potential for a variety of retail businesses. The building's precise square footage is currently unavailable, however, the substantial lot size suggests ample space for expansion or outdoor amenities. The asking price is $349,000, reflecting the property's prime location and development potential within the vibrant Watervliet market. This property is ideally suited for entrepreneurs seeking a high-visibility location with room to grow. Its strategic placement ensures excellent exposure to a consistent flow of pedestrian and vehicular traffic, maximizing the potential for customer engagement and business success. The property's size and location make it an attractive proposition for both established businesses seeking expansion and new ventures looking for a strong foothold in a thriving community. Further details regarding the building's interior and specific zoning regulations are available upon request. Don't miss this chance to acquire a valuable piece of Watervliet's commercial landscape. Serious inquiries only.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1966
Total area 1,260 SF
Lot 0.36 ac (15,682 SF)
Zoning code 14
APN 012689 32.8-3-7
UPID US63-6076380

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2010
5 recorded transactions
2010
$138,000
2005
$115,000
2004
$105,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

14 · Watervliet, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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