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Active
$299,999
500 3rd Avenue
Watervliet, NY 12189 · Albany County
0.15acres lot
MLS# 202623387 Updated 4 weeks ago
Sharon’s Take
The Watervliet Tavern is a mixed-use property on prominent 3rd Avenue in Watervliet, offering strong visibility and steady foot and vehicle traffic. The ground floor contains a tavern space with kitchen and two bathrooms suited for bar, restaurant, or hospitality operations. Upstairs, a four-bedroom, one-bath apartment presents renovation opportunities and potential for owner occupancy or rental income. Located in Arsenal City, a riverfront community north of Albany and home to the nation's oldest continuously operating military arsenal, the property sits in one of Albany County's most affordable markets.
Sharon Fronk · Howard Hanna Capital Region
About this property
Welcome to the Watervliet Tavern, a unique mixed-use property that has long been a staple of the community and is full of potential. Ideally located on busy 3rd Avenue in Watervliet, this building offers excellent visibility and consistent vehicle and foot traffic. The first floor features a classic tavern with ample space for entertaining, a kitchen, and two bathrooms, making it an excellent opportunity for a bar, restaurant, or other hospitality venture. Upstairs, you'll find a spacious four-bedroom, one-bath apartment with renovation potential. With some updates and vision, this generous living space can be restored to its full charm, providing an ideal owner's residence or rental income opportunity. Whether you're an investor, entrepreneur, or someone looking to own a well-known local property, this opportunity offers endless possibilities. With its prime location and high-traffic exposure, the Watervliet Tavern is ready for its next chapter and could become the area's next go-to destination.
Property details
29 facts pulled straight from the MLS listing.
Overview
Property TypeCommercial
Sub-TypeMixed Use
Days on Market45
StatusActive
MLS Number202623387
ListedAugust 6, 2026
ZoningMixed
Interior
Heating
Forced AirHot Water
Cooling
Window Unit(s)
Flooring
WoodCeramic Tile
Basement
Unfinished
Interior Features
Unfinished BasementWalk-In Closet(s)Ceramic Tile BathDry Bar
Exterior & Lot
Lot Size0.15 acres
Lot Features
Corner Lot
Parking
Off Street
Exterior Features
Off Street
Building & Construction
Architectural Style
Commercial
Construction
Aluminum SidingVinyl Siding
Roof
Asphalt
Sewer
Public Sewer
Water Source
Public
Financial
List Price$299,999
Listing Terms
Cash
Est. Monthly P&I$1,517/mo
Location
CountyAlbany
School DistrictWatervliet
Listing Details
Listed ByRyan Mattison of Empire Real Estate Firm LLC
Data SourceSpark Platform / Global MLS
Last UpdatedAug 17, 2026
Estimated monthly payment
per mo$2,217
- Principal & Interest$1,517
- Property Tax$600
- Insurance$100
Loan Term
Tax estimated at the Albany County rate. Insurance and PMI are estimates. Sharon can connect you with a lender for real numbers.
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What's nearby
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Commute Planner
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- Start500 3rd Avenue, Watervliet, NY 12189
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Schools
The district this address is assigned to. Ratings and reviews are hosted on GreatSchools.
Watervliet
Assigned school district
Assigned districts can change and are not guaranteed. Confirm enrollment boundaries with the district directly before relying on them.
About Watervliet, NY
Watervliet is in Albany County, NY. There are currently 24 active listings here, ranging from $35,000 to $798,000. Listings in this address fall under the Watervliet school district. Priced 22% above the Watervliet median of $244,900.
See Sharon's Watervliet community guideListed by
Who holds this listing, and where the data comes from.
- Listing agent
- Ryan Mattison
- Listing office
- Empire Real Estate Firm LLC
- Office phone
- 518-703-4046
- MLS number
- 202623387
- Source
- Global MLS
- Listed on
- August 6, 2026
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Sharon represents buyers for this property. Your tour, offer, and inquiries go through her, not the listing brokerage.
Empire Real Estate Firm LLC · Listed by Ryan Mattison (38839)
Contact: 518-703-4046
MLS #202623387 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
