174 Glen StGlens Falls, NY 12801

Property Details for 174 Glen St

Year built

1950

Lot size

0.05 AC

Property size (Sq ft)

6,555 SF

Zone code

CCD

Property type

Investment properties

Property subtype

Live-work space

APN

520500 302.20-31-5

APU

52050030220315

Description

This exceptional Class A executive office building, located at 174 Glen Street in Glens Falls, New York, presents a unique investment opportunity. Boasting 8,740 square feet of meticulously renovated space, this 1950-built property offers a blend of modern amenities and classic charm. The building features 6,640 square feet of executive office space and an additional 2,100 square feet of retail space on the first floor, providing flexibility for expansion or leasing opportunities. A key highlight is the inclusion of a rooftop deck and a private lounge on the lower level, offering employees and tenants exclusive spaces for relaxation and collaboration. The building is constructed of durable block and brick, with a rubber roof ensuring long-term structural integrity. Modern climate control is provided through forced air heating and central air conditioning. Convenient municipal parking is located at the rear of the building, ensuring ample parking for tenants and visitors. Situated in the heart of downtown Glens Falls, this property benefits from its proximity to numerous restaurants, the theatre, and other businesses. Glens Falls' strategic location between Saratoga and Lake George further enhances its appeal, benefiting from the growth and development in the surrounding areas. Water and sewer services are provided by the municipality. This property offers a rare combination of prime location, modern amenities, and flexible space, making it an ideal investment for discerning buyers. The asking price is $875,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,628,364

  6.5%

  $1,503,105

  7%

  $1,395,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $862,233

  Geo Method

  $856,476

• Alternative Use

  Use

  Valuation

  Residential

  $1,863,850

  Hospitality

  $1,707,277

  Educational

  $1,420,434

  Medical

  $1,469,285

  Retail

  $2,209,564

Location Insight

City

Glens Falls

County

Warren

State

New York

Latitude

43.3096

Longitude

-73.6446

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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