153 BroadwayFort Edward, NY 12828

Property Details for 153 Broadway

Year built

1980

Lot size

0.71 AC

Property size (Sq ft)

1,950 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

533001 171.5-2-8

APU

533001171528

Description

This exceptional commercial property at 153 Broadway, Fort Edward, NY 12828, presents a unique investment opportunity. The 1,950 square foot building sits on a substantial 27,878 square foot lot, offering ample space for a variety of commercial uses. Its prime location in the heart of Fort Edward provides excellent visibility and accessibility, further enhanced by its adjacency to the waterfront park and stunning, unobstructed Hudson River views. The building itself is a former bank, meticulously maintained and in excellent condition, boasting a wealth of desirable features. The main level includes two private offices, a teller area, a walk-in safe, and a spacious lobby. The lower level offers two bathrooms, a break room/kitchen, a utility room, ample storage space, and a second safe room. The property also includes a paved parking area accommodating 17+ vehicles and two drive-thru window service lanes, making it ideal for businesses requiring convenient customer access. All essential utilities are readily available, including public water, sewer, and natural gas service. This versatile property is perfectly suited for a range of businesses, from retail and restaurants to offices and more. The asking price is $249,900. Don't miss this chance to own a piece of Fort Edward's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $484,410

  6.5%

  $447,148

  7%

  $415,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $256,500

  Geo Method

  $254,787

• Alternative Use

  Use

  Valuation

  Residential

  $554,463

  Hospitality

  $507,886

  Educational

  $422,555

  Medical

  $437,087

  Retail

  $657,307

Location Insight

City

Fort Edward

County

Washington

State

New York

Latitude

43.2686

Longitude

-73.5872

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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