773 Quaker RdQueensbury, NY 12804

Property Details for 773 Quaker Rd

Year built

1985

Lot size

7.18 AC

Property size (Sq ft)

4,764 SF

Zone code

CI

Property type

Retail space

APN

523400 303.15-1-27

APU

52340030315127

Description

This exceptional investment opportunity presents two one-acre outparcels ideally situated on a signalized corner in Queensbury, NY, at the intersection of Quaker Road and Dix Avenue. The property boasts a prime location with excellent visibility and high traffic counts, ensuring maximum exposure for any commercial venture. Currently zoned for commercial use, these lots offer significant potential for quick-service restaurants (QSR) and other retail establishments. The land is directly adjacent to a newly constructed Taco Bell, further enhancing its desirability and demonstrating the area's strong commercial appeal. Across the street, the presence of established businesses like Stewart's Shops and McDonald's underscores the robust consumer base and consistent foot traffic in this thriving location. The proximity to a Dunkin' Donuts further solidifies the area's suitability for similar businesses. The combined lot size ranges from one to six acres, providing flexibility for various development plans. This Class A property offers an absolute NNN lease type, with a multi-tenancy structure and a current occupancy rate of 50%. The total square footage available ranges from 43,000 to 240,000 square feet, catering to a wide range of development needs. This fee-simple ownership opportunity is perfect for investors seeking a high-return, strategically located retail investment in a rapidly growing market. The property's location and existing infrastructure make it an attractive proposition for developers and investors alike.

• CAP approach

  CAP return

  Valuation

  6%

  $1,739,674

  6.5%

  $1,605,853

  7%

  $1,491,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,579,154

  Geo Method

  $1,568,610

• Alternative Use

  Use

  Valuation

  Residential

  $1,354,597

  Hospitality

  $1,240,803

  Educational

  $1,032,334

  Medical

  $1,067,837

  Retail

  $1,605,853

Location Insight

City

Queensbury

County

Warren

State

New York

Latitude

43.3165

Longitude

-73.6109

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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