Multilevel Waterfront
New
For Sale
$589,000
153-159 Broadway, Fort Edward, NY 12828
Dining and banquet areas occupy separate levels, complemented by on-site parking.
Property Size1,950 SF
Price / SF$302.05
Days on Market5
Property Features for 153-159 Broadway
General Information
Standard status
Active
Size
1,950 SF
Total Parking Spaces
27
Property subtype
Commercial
Additional Details
Business Included
Yes
Amenities
stage
vault
handicap accessible bath
banquet hall
bar
pool table
river frontage
park
Building Details
Year Built
1980
Listing Agency:
eXp Realty
Listed By:
Conner Roohan · License #10401260092
(888) 276-0630
Source:
Signatureonerealtygroup
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 10 at 2:19AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This multilevel restaurant occupies a former bank building constructed in 1980. The dining room measures almost 1,000 square feet, with a counter, a music stage, and the original vault still in place. A former safety deposit box room now serves as an accessible bathroom; two additional bathrooms are downstairs. The basement contains a banquet room with a bar, booths, and a pool table.
The property has 148 feet of Hudson River frontage, and the business draws on boat traffic. There are 27 parking spaces, with additional public parking nearby.
The property has 148 feet of Hudson River frontage, and the business draws on boat traffic. There are 27 parking spaces, with additional public parking nearby.
Key Highlights
- 148 feet of Hudson River frontage
- 27 on‑site parking spaces, with room for more
- Dining room measures almost 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,579
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,580
$611.6K
Cap Rate 7%
$436,843
$436.8K
Cap Rate 9%
$339,767
$339.8K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$42.1K $21.60/SF
− Vacancy
−$1.3K −$0.69/SF
EGI
$40.8K $20.91/SF
− OpEx
−$10.2K −$5.23/SF
NOI
$30.6K $15.68/SF
Area
Washington County, NY
Vacancy
3.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,580
Cap Rate 7%
$436,843
Cap Rate 9%
$339,767
Alternative Uses
Best Use
Specialty Retail
$436.8K
$382.2K – $509.7K
NOI $30,579 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.8K
$423.3K – $564.4K
NOI $33,864 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
206
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12828, NY
9,442
Population
3,974
Households
2.4
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
45.1 sq mi
ZIP Area
209
Density / Sq Mi
$77,776
Median Household Income
$44,153
Median Earnings
$1,147
Median Rent
$213,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining and banquet areas occupy separate levels, complemented by on-site parking.
Where is this conventional restaurant located?
The property is located at 153-159 Broadway Fort Edward, NY.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 148 feet of Hudson River frontage; 27 on‑site parking spaces, with room for more; Dining room measures almost 1,000 square feet
