Retail Plaza For
For Sale
$2,000,000
2609 2nd Avenue, Watervliet, NY
Neighborhood retail center with strong draw, near I-787.
Property Size8,775 SF
Price / SF$227.92
Days on Market390
Property Features for 2609 2nd Avenue
General Information
Standard status
Active
Size
8,775 SF
Property subtype
Retail
Building Details
Building Size
8,775 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Oct 2
Last Checked: Oct 16 at 5:44AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,921
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,118,420
$2.1M
Cap Rate 7%
$1,513,157
$1.5M
Cap Rate 9%
$1,176,900
$1.2M
Market Conditions
NOI Build-Up for 8,775 SF
Gross rent
$158.0K $18.00/SF
− Vacancy
−$6.6K −$0.76/SF
EGI
$151.3K $17.24/SF
− OpEx
−$45.4K −$5.17/SF
NOI
$105.9K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,118,420
Cap Rate 7%
$1,513,157
Cap Rate 9%
$1,176,900
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
79k
Monthly Visits Nearby
Explore this area
Business Placement
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
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
Frequently Asked Questions
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.
