217 Dix AveGlens Falls, NY 12801

Property Details for 217 Dix Ave

Year built

2007

Lot size

4.28 AC

Property size (Sq ft)

23,400 SF

Zone code

LI

Property type

Strip malls

Property subtype

Neighborhood centers

APN

520500 303.14-5-3

APU

5205003031453

Description

This exceptional 23,400 square foot, single-story building, constructed in 2007, offers multiple flexible spaces ideal for a variety of uses. Located in Warren County and zoned LI, the property sits on a generous 4.28-acre lot. Currently, there are three suites, with a total of 12,650 square feet of vacant space available. Units range from a minimum of 2,100 square feet to a maximum contiguous space of 10,550 square feet. One notable space is a large 8,050 square foot flex/retail/office area boasting 21-foot ceilings. The property benefits from strong co-tenancy with established businesses including Little Caesars and Nautilus Gym. Virtual tours are available for two of the vacant suites. This prime location presents a unique opportunity for businesses seeking flexible, high-visibility space in a thriving community. The property's single-story design and ample parking provide convenient access and a welcoming atmosphere for both employees and customers. The diverse zoning allows for a wide range of potential uses, making this an attractive investment for various business models. This is a rare opportunity to secure a significant presence in a well-established commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $8,544,996

  6.5%

  $7,887,689

  7%

  $7,324,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,756,548

  Geo Method

  $7,704,759

• Alternative Use

  Use

  Valuation

  Residential

  $6,653,561

  Hospitality

  $6,094,626

  Educational

  $5,070,657

  Medical

  $5,245,045

  Retail

  $7,887,689

Location Insight

City

Glens Falls

County

Warren

State

New York

Latitude

43.3163

Longitude

-73.6228

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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