Retail Plaza For
2609 2nd Avenue Watervliet, NY
2609 2nd Avenue, Watervliet, NY, 00000
$2,000,000
For Sale
$2,000,000
Neighborhood retail center with strong draw, near I-787.
Property Size8,775 SF
Price / SF$227.92
Days on Market296
Property Features for 2609 2nd Avenue
General Information
- Standard status
- Active
- Size
- 8,775 SF
- Property subtype
- Retail
Listing Agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: Sep 25, 2025 Checked: Jul 17 at 2:31 am
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This retail plaza is available for sale and functions as a neighborhood retail center that attracts customers from surrounding towns. The property is 8,775 square feet. It is located near I-787.
Key Highlights
- Top performing Family Dollar location nationally, a key investment highlight.
- Strong draw from neighboring towns, benefiting all tenants.
- Great neighborhood retail center, a community hub.
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 | $158.0k | $18.00 |
| − Vacancy | −$6.6k | −$0.76 |
| EGI | $151.3k | $17.24 |
| − OpEx | −$45.4k | −$5.17 |
| NOI | $105.9k | $12.07 |
8,775 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.77M
NOI $105,921 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.19M
NOI $191,673 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Neighborhood centers
Similar For Sale Nearby
FAQs
What type of property is this?
Neighborhood center - Neighborhood retail center with strong draw, near I-787.
Where is this neighborhood center located?
The property is located at 2609 2nd Avenue 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: Top performing Family Dollar location nationally, a key investment highlight.; Strong draw from neighboring towns, benefiting all tenants.; Great neighborhood retail center, a community hub.
