356 Kingsboro AveGloversville, NY 12078

Property Details for 356 Kingsboro Ave

Year built

1989

Lot size

5.04 AC

Property size (Sq ft)

5,771 SF

Zone code

M2

Property type

Office buildings

APN

170500 149.18-6-2

APU

1705001491862

Description

This exceptional 5,711 square foot retail property, situated on a 5.04-acre lot at 356 S Kingsboro Ave, offers a prime investment opportunity. Built in 1986, this single-tenant building boasts a prominent location with a Walmart Supercenter as a shadow anchor, ensuring high visibility and foot traffic. The property features a spacious main floor of 5,771 square feet, complemented by an equally sized 5,771 square foot basement, providing ample space for a variety of uses. The zoning is designated as "M," allowing for diverse commercial applications. With 50 parking spaces available, customer and employee convenience is ensured. The property's single-story design and lack of elevators are noted. Its strategic location on Route 30A in Fulton County provides easy access and high exposure. This property is ideally suited for a bank, fast-food restaurant, bar, or high-profile specialty store, making it an attractive prospect for investors seeking a strong return on investment in a thriving commercial area. The property's size and location make it a highly desirable asset in a competitive market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,433,606

  6.5%

  $1,323,328

  7%

  $1,228,805

• Comparable approach

  Method

  Valuation

  Relative Method

  $759,107

  Geo Method

  $754,039

• Alternative Use

  Use

  Valuation

  Residential

  $1,640,927

  Hospitality

  $1,503,081

  Educational

  $1,250,545

  Medical

  $1,293,554

  Retail

  $1,945,293

Location Insight

City

Gloversville

County

Fulton

State

New York

Latitude

43.0303

Longitude

-74.3467

CBSA code

24100

CBSA name

GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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