Office Buildings at Lighted
351 Bay Road Queensbury, NY 12804
351 Bay Road, Queensbury, NY, 12804
$424,000
For Sale
$424,000
Two office buildings with excellent road exposure and ample parking.
Property Size1,751 SF
Lot Size0.45 Acres
Price / SF$242.15
Days on Market482
Property Features for 351 Bay Road
General Information
- Standard status
- Active
- Size
- 1,751 SF
- Lot size
- 0.45 Acres
- Property subtype
- Commercial
Listing Agency
BERKSHIRE HATHAWAY HOMESERVICES BLAKE, REALTORS
(518) 793-6628
Listed by
ROBERT L SEARS · License #30SE0274629
Source
Corcoran
Added: Mar 26, 2025 Updated: Jul 6 at 9:54 am Checked: Jul 20 at 4:11 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES BLAKE, REALTORS
Investment Insights
Based on property information with market context.
The offering includes two buildings. The first, located at 351 Bay Rd, is a 1.5-story office building with 1751 square feet and a full basement. It features gas hot water heat, central air conditioning, and is handicapped accessible. The second building, located at 97 Glenwood Ave, is a 1646 square foot single-story structure with a small loft area for storage. The combined lot size is 0.45 acres and provides ample parking. The property has 102 feet of frontage on Bay Rd and 192 feet of frontage on Glenwood Ave. The zoning is Commercial Intensive. The property benefits from excellent road exposure at a busy four-way lighted intersection.
Key Highlights
- Excellent road exposure at a busy 4‑way lighted intersection.
- Commercial Intensive zoning.
- Two buildings included: a 1751SF 1.5 story office building and a 1646 SF single story building.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $24.00 |
| − Vacancy | −$5.9k | −$3.36 |
| EGI | $36.1k | $20.64 |
| − OpEx | −$9.0k | −$5.16 |
| NOI | $27.1k | $15.48 |
1,751 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$387.2K
$338.8K – $451.8K
NOI $27,105 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.1K
$458.6K – $611.5K
NOI $36,687 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Adirondack Retirement Spec
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two office buildings with excellent road exposure and ample parking.
Where is this office building located?
The property is located at 351 Bay Road Queensbury, NY.
What is the asking price?
The asking price for this property is $424,000.
What are key features of this property?
This property features: Excellent road exposure at a busy 4‑way lighted intersection.; Commercial Intensive zoning.; Two buildings included: a 1751SF 1.5 story office building and a 1646 SF single story building.
