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    OFF-MARKET
    Investment properties

    2615 2nd Ave, Watervliet, NY 12189-1928

    1,260 SF 0.36 ac lot Built 1966
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US63-6076380
    Property summary
    AI-generated overview

    This exceptional retail property, located at 2615 2nd Ave Unit 2615 in Watervliet, NY, presents a compelling investment opportunity. Situated on a sizable 0.36-acre lot, this property offers significant potential for a variety of retail businesses. The building's precise square footage is currently unavailable, however, the substantial lot size suggests ample space for expansion or outdoor amenities. The asking price is $349,000, reflecting the property's prime location and development potential within the vibrant Watervliet market. This property is ideally suited for entrepreneurs seeking a high-visibility location with room to grow. Its strategic placement ensures excellent exposure to a consistent flow of pedestrian and vehicular traffic, maximizing the potential for customer engagement and business success. The property's size and location make it an attractive proposition for both established businesses seeking expansion and new ventures looking for a strong foothold in a thriving community. Further details regarding the building's interior and specific zoning regulations are available upon request. Don't miss this chance to acquire a valuable piece of Watervliet's commercial landscape. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1966
    Total area 1,260 SF
    Lot 0.36 ac (15,682 SF)
    Zoning code 14
    APN 012689 32.8-3-7
    UPID US63-6076380
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    741 Myrtle LLC · 16 yrs held
    741 Myrtle LLC
    since 2010
    5 recorded transactions
    2010
    $138,000
    2005
    $115,000
    2004
    $105,000
    1969
    1969
    Zoning & alternative use
    14 · Watervliet, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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