Mixed-Use Property with Restaurant and Apartment Potential in Watervliet, NY

This is a significant mixed-use property offering located in Watervliet, NY, within Albany County. The sale includes two multifamily apartment buildings (4 units total), two restaurant spaces, and a substantial parking lot. The property has a rich history, with the owners having operated a successful restaurant on-site for over 50 years. The main restaurant is fully equipped and seats 180, featuring a banquet room, full bar, and dining area, complemented by a separate 'Express' or 'to-go' restaurant building. All furniture, fixtures, and equipment (FF&E) valued at $50,000 are included in the asking price. The property also boasts a nearly 1-acre parking lot capable of accommodating approximately 125 cars. There is a notable opportunity for expansion and increased density, as the restaurant spaces could potentially be converted into 6-7 additional apartments, subject to Town of Colonie approval. The location benefits from high traffic visibility, with approximately 6,000 cars passing daily and excellent access to nearby highways like I-787, which sees 46,000 cars. This offering is for the real estate and FF&E only; the restaurant brand is not included in the sale.