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Neighborhood Retail Plaza with Family Dollar
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2609 2nd Ave, Watervliet, NY 12189

Neighborhood retail plaza with long-standing Family Dollar tenant and easy access to I-787, plus new parking lot.

Property Size20,125 SF
Price / SF$99.38
Days on Market600

Property Features for 2609 2nd Ave

General Information

Standard status Active
Size 20,125 SF
Property subtype RETAIL

Additional Details

Highway Access Yes
Listing Agency: Vanguard-Fine, LLC
Listed By: Ben Feinman · License #2298690
Source: Moodyscre
Added: Jan 23, 2025 Changed: Sep 14 Last Checked: Sep 14 at 7:35AM

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 Vanguard-Fine, LLC

Investment Insights

Based on property information with market context.

This shopping center retail plaza offers 20,125 SF of neighborhood retail space and is currently anchored by a long-standing Family Dollar tenant. The property benefits from a stated record of strong historical sales at this location, and the tenant location is described as ranked in the top 200 stores in the country by Placer AI.

The retail plaza is positioned for convenient regional access with easy entry to I-787. It also features a new parking lot and sits within a long-established retail corridor serving customers from neighboring towns.

The existing tenant setup may appeal to buyers seeking a stabilized neighborhood retail asset with straightforward access for day-to-day shopping traffic.

Key Highlights

  • 20,125 SF neighborhood retail plaza
  • Anchored by a long‑standing Family Dollar tenant
  • Family Dollar location ranked top 200 stores in the country (Placer AI)

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Electrical Service Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic Carpet & Flooring Store

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,253
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 41% Groceries 32% Dining 25% Electronics 2%
Price Chopper Supermarkets Groceries
25,379 visits/mo 0.4 miles
Dollar Tree Shops & Services
9,782 visits/mo 0.5 miles
Family Dollar Shops & Services
9,024 visits/mo 0.1 miles
Dunkin' Donuts Dining
8,622 visits/mo 0.5 miles
Dunkin' Donuts Dining
6,782 visits/mo 0.2 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Uncle Sam Atrium 617 19th st, watervliet, ny 12189
  • Village Plaza 20 Lower Hudson Ave, Troy, NY 12183

Frequently Asked Questions

What type of property is this?
Shopping center - Neighborhood retail plaza with long-standing Family Dollar tenant and easy access to I-787, plus new parking lot.
Where is this shopping center located?
The property is located at 2609 2nd Ave Watervliet, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 20,125 SF neighborhood retail plaza; Anchored by a long‑standing Family Dollar tenant; Family Dollar location ranked top 200 stores in the country (Placer AI)
(518) 364-2114 Call to check price and availability
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