Restaurant Bar Building with
76 Grace Street Waterford, NY 12188
76 Grace Street, Waterford, NY, 12188
$350,000
For Sale
$350,000
Well-maintained restaurant/bar building with a fully equipped commercial kitchen and central air, plus dedicated off-street parking.
Property Size2,800 SF
Price / SF$125
Days on Market34
Property Features for 76 Grace Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing agency
HEER REALTY, INC.
(518) 272-4500
Listed by
JAMES PERNICIARO · License #10401330299
Source
Corcoran
Added: Jun 18 Updated: Jul 21 at 5:03PM Checked: Jul 21 at 5:03PM
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 HEER REALTY, INC.
Investment Insights
Based on property information with market context.
Well-maintained commercial building designed for restaurant and bar use, featuring gleaming hardwood floors and central air conditioning throughout. The main level offers approximately 2,800 square feet with a versatile bar lounge area, along with a fully equipped commercial kitchen. An additional approximately 2,400 square feet is available in a partially finished lower level, with a full basement that provides ample storage and room to expand finished space.
The property is located at 76 Grace Street in Waterford, NY, in a quiet neighborhood and includes a dedicated parking lot for off-street customer use. A new roof was installed in 2025, supporting a move-in-ready condition for the next operator.
Overall, the layout combines guest-facing space with a working kitchen and bar component, while the lower level and basement provide flexibility for additional interior improvements and storage needs.
The property is located at 76 Grace Street in Waterford, NY, in a quiet neighborhood and includes a dedicated parking lot for off-street customer use. A new roof was installed in 2025, supporting a move-in-ready condition for the next operator.
Overall, the layout combines guest-facing space with a working kitchen and bar component, while the lower level and basement provide flexibility for additional interior improvements and storage needs.
Key Highlights
- Commercial restaurant/bar building built in 2002 with a dedicated parking lot
- 2800 SF main level plus 2,400± SF partially finished lower level
- Fully equipped commercial kitchen with bar/lounge for business or community uses
Local Financial Insights For Industrial
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 | $26.5k | $9.48 |
| − Vacancy | −$1.8k | −$0.64 |
| EGI | $24.7k | $8.84 |
| − OpEx | −$7.4k | −$2.65 |
| NOI | $17.3k | $6.18 |
2,800 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$620.8K
$543.2K – $724.3K
NOI $43,455 @ 7.0% cap · market cap 12.42%
Second Best
Industrial
$247.4K
$216.5K – $288.6K
NOI $17,317 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$838.1K
$733.3K – $977.8K
NOI $58,666 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Knights of Columbus Waterford ...
Volunteer Organization
Similar For Sale Nearby
Similar Off Market Nearby
- June Entertainment — 8 Hamilton Pl, Cohoes, NY 12047
- Corcoran's Tow Path Tavern — 31 Saratoga Ave, Waterford, NY 12188
- Waterford Beverage Mart — 35A Saratoga Ave, Waterford, NY 12188
- Joe's Tavern — 16 Division St, Cohoes, NY 12047
FAQs
What type of property is this?
Bar & Pub - Well-maintained restaurant/bar building with a fully equipped commercial kitchen and central air, plus dedicated off-street parking.
Where is this bar & pub located?
The property is located at 76 Grace Street Waterford, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Commercial restaurant/bar building built in 2002 with a dedicated parking lot; 2800 SF main level plus 2,400± SF partially finished lower level; Fully equipped commercial kitchen with bar/lounge for business or community uses
