65-67 Watervliet Ave Albany, NY 12206
This exceptional 3,500 square foot commercial space, located at 65-67 Watervliet Avenue in Albany, NY, presents a unique opportunity for retail or office tenants. Situated at the highly visible intersection of Watervliet Avenue, Livingston Avenue, and 3rd Street, this property boasts significant street frontage and exposure. The building, constructed in 1930, features three stories and a total of 8,424 square feet, with 3,500 square feet currently vacant. The space includes floor-to-ceiling glass bay windows, providing ample natural light. The layout offers a large open area ideal for retail displays or gatherings, a separate entry point, and a backroom suitable for a conference room, meeting space, or multi-person office. Convenient amenities include a kitchen, men's and women's restrooms, and basement storage. The property is zoned MU-NC and is within 300 feet of the Honest Weight Food Co-op, ensuring high foot traffic and visibility. This single-tenant space is perfect for a variety of uses and offers a blend of historical charm and modern functionality. The building's ceiling height is 9 feet. Albany County location, zip code 12206.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.