Historic Restaurant and Retail
For Sale
$200,000
2259 Route 29, Galway, NY 12074
For sale historic property with restaurant and storefront potential, anchored by a landmark waterwheel-built structure.
Property Size8,931 SF
Price / SF$22.39
Days on Market110
Property Features for 2259 Route 29
General Information
Standard status
Active
Size
8,931 SF
Taxes and HOA fees
Annual Taxes
$6,177
Building Details
Year Built
1839
Listing Agency:
Saratoga Spa Realty LLC
(518) 727-9107
Listed By:
Erin Roth · License #10401343241
(518) 878-8973
Source:
Exprealty
Added: Jun 1
Changed: Sep 5
Last Checked: Sep 18 at 12:15PM
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 Saratoga Spa Realty LLC
Investment Insights
Based on property information with market context.
The Waterwheel is a historic, landmark commercial property totaling 8,931 square feet, offered for sale. The building dates to 1839, originally constructed as a water-powered plow foundry. It later became known as Waterwheel Village, operating as a country-store style destination with offerings referenced in the property remarks, including aged New York cheddar, homemade pies, and penny candies.
Located at 2259 Route 29 in Galway, NY, the property is presented as an opportunity to preserve and re-purpose a well-known local site. The enclosed structure and its established identity as a visitor-style retail and food stop support a range of redevelopment concepts, while keeping the historic character central to the experience.
This property may appeal to buyers seeking a distinctive redevelopment project where the existing landmark story can be carried forward, whether through restoration or reinvention. For operators, the combination of a historic main building and its prior restaurant and storefront use can serve as a starting point for a dining, retail, or mixed-use concept, subject to applicable approvals. The current offering is positioned for a new vision for a Saratoga County landmark.
Located at 2259 Route 29 in Galway, NY, the property is presented as an opportunity to preserve and re-purpose a well-known local site. The enclosed structure and its established identity as a visitor-style retail and food stop support a range of redevelopment concepts, while keeping the historic character central to the experience.
This property may appeal to buyers seeking a distinctive redevelopment project where the existing landmark story can be carried forward, whether through restoration or reinvention. For operators, the combination of a historic main building and its prior restaurant and storefront use can serve as a starting point for a dining, retail, or mixed-use concept, subject to applicable approvals. The current offering is positioned for a new vision for a Saratoga County landmark.
Key Highlights
- Historic landmark property originally built in 1839 as a water‑powered plow foundry
- Later operated as Waterwheel Village, known for aged New York cheddar, homemade pies, and penny candies
- Includes restaurant and storefront potential, anchored by a landmark waterwheel‑built structure
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12074, NY
2,901
Population
1,577
Households
1.8
Avg Household Size
49
Median Age
29%
College-Educated
88%
High-School Grad
34.3 sq mi
ZIP Area
85
Density / Sq Mi
$91,901
Median Household Income
$46,303
Median Earnings
$1,600
Median Rent
$287,600
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale historic property with restaurant and storefront potential, anchored by a landmark waterwheel-built structure.
Where is this conventional restaurant located?
The property is located at 2259 Route 29 Galway, NY.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Historic landmark property originally built in 1839 as a water‑powered plow foundry; Later operated as Waterwheel Village, known for aged New York cheddar, homemade pies, and penny candies; Includes restaurant and storefront potential, anchored by a landmark waterwheel‑built structure
