221 Glen StGlens Falls, NY 12801

Property Details for 221 Glen St

Year built

1950

Lot size

0.28 AC

Property size (Sq ft)

42,636 SF

Zone code

CCD

Property type

Investment properties

Property subtype

Live-work space

APN

520500 302.20-30-11

APU

520500302203011

Description

This exceptional mixed-use retail property, located at 221 Glen Street in the heart of Glens Falls, New York's central business district, offers 5,500 square feet of vacant space on the first floor. The building, constructed in 1950 and classified as Class B, boasts a total of 42,636 square feet across a single suite. The property sits on a 0.28-acre lot and is zoned CCD. This presents a unique opportunity for a variety of businesses. The convenient location offers easy access to the downtown area and ample parking is available in a nearby parking garage, just two minutes away. The property's central location makes it ideal for professional offices, civic groups, or children's programs. The building's mixed-use nature provides a vibrant and dynamic environment. This is a rare opportunity to secure a substantial space in a prime location within Warren County, New York, with a zip code of 12801. The property's size and location make it an attractive investment for businesses seeking a prominent presence in the Glens Falls community.

• CAP approach

  CAP return

  Valuation

  6%

  $10,591,443

  6.5%

  $9,776,717

  7%

  $9,078,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,608,265

  Geo Method

  $5,570,820

• Alternative Use

  Use

  Valuation

  Residential

  $12,123,129

  Hospitality

  $11,104,721

  Educational

  $9,238,997

  Medical

  $9,556,741

  Retail

  $14,371,774

Location Insight

City

Glens Falls

County

Warren

State

New York

Latitude

43.3106

Longitude

-73.6451

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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