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Industrial Building with Office Space
For Lease
$7 SF/Yr

2437 3rd Avenue, Watervliet, NY 12189

Industrial building featuring warehouse and office space for lease.

Space SizeContact for details
Lot Size0.40 Acres
Days on Market505

Property Features for 2437 3rd Avenue

General Information

Standard status Active
Lot size 0.40 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $20,072

Amenities

Central air
Accessible Hallway(s)
Carpet Flooring
Central Air Cooling
Concrete Flooring
Forced Air Heating
Heating Heating
Natural Gas Heating
Off Street
Paved
Private
Rubber Roof

Building Details

Year Built 1925
Listing Agency: HANNA COMMERCIAL
Listed By: KAREN A WENTZ · License #10301220111
Source: Corcoran
Added: Apr 12, 2025 Changed: Aug 22 Last Checked: Aug 26 at 8:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HANNA COMMERCIAL

Investment Insights

Based on property information with market context.

This property offers approximately 12,352 square feet of industrial space for lease. The building includes approximately 8,408 square feet of warehouse space featuring 15-foot ceilings and a 16-foot by 12-foot overhead door. The electrical service is 400 amps. Adjacent to the warehouse is approximately 3,944 square feet of main floor office space, which includes 8 offices, a conference room, a bullpen area, and a kitchenette. Additionally, there is a second-floor executive office suite of approximately 744 square feet with a full bathroom. The property is located close to major thoroughfares and provides easy access to I-787.

Key Highlights

  • +/- 12,352 SF total building size, a sizeable industrial building.
  • Large Warehouse Space: +/- 8,408 SF with 15' ceilings and a 16' x 12' overhead door.
  • Substantial Office Space: +/- 3,944 SF on the main floor, featuring 8 offices, a conference room, bull pen, and kitchenette.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Carpet & Flooring Store Tech Support Center Garden Center (Bike/Boat/Book/etc) Store Electrical Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

676
Businesses Nearby
Under-served
Demand for This Use

Demographics for 12189, NY

18,970
Population
9,887
Households
1.9
Avg Household Size
39
Median Age
27%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
3,060
Density / Sq Mi
$62,763
Median Household Income
$48,555
Median Earnings
$1,084
Median Rent
$199,600
Median Home Value

Market

Lease Benchmarks for Watervliet, NY

$8.39 /SF/Yr
Avg Asking Price
$5.5–$12 /SF/Yr
Price Range
80,797 SF
Avg Space Size

This space is priced 17% below the average of $8.39 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Industrial building featuring warehouse and office space for lease.
Where is this warehouse located?
The property is located at 2437 3rd Avenue Watervliet, NY.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: +/- 12,352 SF total building size, a sizeable industrial building.; Large Warehouse Space: +/- 8,408 SF with 15' ceilings and a 16' x 12' overhead door.; Substantial Office Space: +/- 3,944 SF on the main floor, featuring 8 offices, a conference room, bull pen, and kitchenette.
More about this property
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