Listing Agency: CBRE | Albany C***@cbre-albany.com Show Phone

Listed By: Craig Darby · License #Associate Real Estate Broker Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 14 Last Checked: Aug 19 at 5:09AM

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Investment Insights

Based on property information with market context.

This 5,400 square foot flex/warehouse space is available for lease. The property features a small office component and five large grade-level doors. The space formerly housed Empire Ambulance and was previously an automotive shop. The ceiling height is approximately 14 feet. Parking is available for approximately 25 vehicles. The office space measures approximately 400 square feet. The property benefits from its exposure on Dix Avenue.

Key Highlights

• ±5,400SF flex/warehouse space
• Five (5) large grade level doors
• Great exposure on Dix Avenue

Property Analytics

Property Profile

Current Use

Infinite Mobility LLC Electronics & Wireless Store Smart Start Ignition ... Building Supply Lifesafer Ignition Interlock Building Supply

Suggested Use

Top Pick Dental Office Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Garden Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.50 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

657

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 12801, NY

14,850

Population

7,287

Households

2

Avg Household Size

40

Median Age

33%

College-Educated

90%

High-School Grad

3.8 sq mi

ZIP Area

3,908

Density / Sq Mi

$70,019

Median Household Income

$46,700

Median Earnings

$1,050

Median Rent

$196,000

Median Home Value

Market

Lease Benchmarks for Glens Falls, NY

$10.67 /SF/Yr

Avg Asking Price

$10–$12 /SF/Yr

Price Range

9,225 SF

Avg Space Size

This space is priced 6% below the average of $10.67 /SF/Yr.

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - 5,400 SF flex/warehouse space with office component for lease.

Where is this flex space located?

The property is located at 120 Dix Avenue Glens Falls, NY.

What is the lease rate?

The lease rate is $10 SF/Yr.

What are key features of this property?

This property features: ±5,400SF flex/warehouse space; Five (5) large grade level doors; Great exposure on Dix Avenue