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Mixed-Use Tavern with Apartment

500 3rd Avenue, Watervliet, NY 12189

For Sale
$275,000

Two-level property combines a tavern operation with an upstairs apartment and supporting kitchen and restroom areas.

Property SizeContact for details
Days on Market99

Property Features for 500 3rd Avenue

General Information

Standard status Active
Total Parking Spaces 4
Zoning Mixed

Taxes and HOA fees

Annual Taxes $7,200

Building Details

Buildings 1
Listing Agency: Empire Real Estate Firm LLC
Listed By: Ryan Mattison · License NY #10401400259
Source: Capmarkrealty
Added: Aug 8 Changed: Nov 4 Last Checked: Nov 12 at 4:51AM

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 Empire Real Estate Firm LLC

Rey
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Investment Insights

Based on property information with market context.

The Watervliet Tavern is a mixed-use building at 500 3rd Avenue in Watervliet, New York. Its ground-level commercial space is configured as a tavern, with a kitchen and two bathrooms supporting food, beverage, and hospitality operations.

An upstairs apartment adds four bedrooms and one bathroom to the property. The residential space is identified as having renovation potential and could complement the tavern component as an on-site residence or separate rental use. The property occupies a visible position along 3rd Avenue, with vehicle and pedestrian activity noted in the surrounding setting.

Key Highlights

  • Mixed‑use building with a ground‑floor tavern and upstairs apartment
  • Ground‑level commercial area includes a kitchen and two bathrooms
  • Upstairs residence has four bedrooms and one bathroom

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby
6k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Sunoco Shops & Services
4,088 visits/mo 0.4 miles
Citgo Shops & Services
1,555 visits/mo 0.5 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
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Market

Average Price Trend$/SF for Mixed-use properties in Albany County, NY

$160 Jul
$156 Aug
$150 Sep
$155 Oct

Properties on Market for Mixed-use properties in Albany County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-level property combines a tavern operation with an upstairs apartment and supporting kitchen and restroom areas.
Where is this mixed-use property located?
The property is located at 500 3rd Avenue Watervliet, NY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Mixed‑use building with a ground‑floor tavern and upstairs apartment; Ground‑level commercial area includes a kitchen and two bathrooms; Upstairs residence has four bedrooms and one bathroom
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