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    Versatile Commercial Property on Broadway Title is generated by Realmo AI

    1904 Broadway, Watervliet, NY 12189

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    For Sale
    $399,900

    Commercial property suitable for retail, auto repair, and vehicle sales.

    Type:Commercial
    Property size:
    2,300 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $173/SF
    Added:
    Apr 17, 2025
    Days on Market:
    415
    Last Refresh:
    Apr 5 at 9:16 pm

    Property Features for 1904 Broadway

    General Information

    Standard status
    Active
    Size
    2,300 SF
    Lot size
    0.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1930

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    Listing Contact
    AMJAD MUGHAL

    Listing agent AMJAD MUGHAL

    Listing office M J J REALTY

    Listing date Apr 17, 2025

    Source Corcoran

    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 M J J REALTY

    HighLights

    • Prime commercial property with expansive potential due to flexible zoning.
    • Generously paved lot offers ample room for business operations, outdoor display, or parking.
    • Multiple overhead doors facilitate various operational needs.
    • Dedicated shop area includes several private offices.
    • Indoor car bay can accommodate up to two vehicles.
    • Detached garage provides additional space for diverse operational needs.

    Overview

    The property at 1904 Broadway is a commercial property with expansive potential. Zoned for a wide range of commercial uses, this structure is suited for retail, wholesale, auto repair, vehicle sales, and various service-based enterprises. The property features a detached garage to accommodate operational needs, multiple overhead doors, designated office spaces, and a paved lot offering ample room for business operations, including outdoor display or parking. The shop area includes several private offices, while the indoor car bay can accommodate up to two vehicles. The lobby is bright and inviting, enhanced by large windows and a flexible layout.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $41.4k $18.00
    − Vacancy −$1.7k −$0.76
    EGI $39.7k $17.24
    − OpEx −$11.9k −$5.17
    NOI $27.8k $12.07
    2,300 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $396.6K
    $347.0K – $462.7K (±1% cap)
    NOI $27,763 @ 7.0% cap · market cap 6.94%
    Second Best
    Industrial
    $308.7K
    $270.1K – $360.1K (±1% cap)
    NOI $21,607 @ 7.0% cap · market cap 5.40%
    Theoretical Best
    Office A
    $717.7K
    $628.0K – $837.3K (±1% cap)
    NOI $50,239 @ 7.0% cap · market cap 12.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Good Year Tires Watervliet, NY 12189
    • Lenny’s Auto 1205 5th Ave, Watervliet, NY 12189
    • Whalen Automotive 1003 9th Ave, Watervliet, NY 12189
    • Mamone's Auto Body 1261 Broadway B, Watervliet, NY 12189
    • Kennedys Towing Equipment 267 3rd St, Troy, NY 12180

    Location Insight

    • Map
    • Local Demand
    City
    Watervliet
    County
    Albany
    State
    New York
    Longitude
    -73.6998
    Latitude
    42.7302

    FAQs

    What type of property is this?
    Auto shop - Commercial property suitable for retail, auto repair, and vehicle sales.
    Where is this auto shop located?
    The property is located at 1904 Broadway Watervliet, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Prime commercial property with expansive potential due to flexible zoning.; Generously paved lot offers ample room for business operations, outdoor display, or parking.; Multiple overhead doors facilitate various operational needs.
    More about this property
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