Downtown Gloversville Redevelopment
For Sale
$349,999
12-24 N Main St, Gloversville, NY 12078
Historic buildings with grant funding in Gloversville's Opportunity Zone.
Property Size36,494 SF
Price / SF$9.59
Days on Market82
Property Features for 12-24 N Main St
General Information
Standard status
Active
Size
36,494 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
WOLF RIVER REAL ESTATE LLC
(518) 390-7059
Listed By:
Angela Gonyo
(518) 390-7059
Source:
Elliman
Added: May 13
Changed: Jul 10
Last Checked: Aug 2 at 6:38AM
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 WOLF RIVER REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This redevelopment opportunity is located in downtown Gloversville and includes three historic buildings totaling 36,494 sq ft. A secured $750,000 grant is already in place, and the property is located within an Opportunity Zone, offering potential tax advantages. Formerly a bank, the property retains architectural features such as original safety deposit boxes and a bank vault. Portions of the property have been renovated into professional office space, providing immediate usability and potential income. The main bank building features ceilings, a skylight, a mezzanine level, and an open interior suitable for a brewery, restaurant, event venue, co-working space, boutique hotel, market hall, entertainment venue, or mixed-use redevelopment, subject to approvals. The property has large display windows, multiple entrances, and flexible floorplans, supporting commercial, hospitality, retail, or residential concepts. It also offers residential conversion potential for apartments, lofts, or live/work units with acquisition of nearby parking. Exterior improvements are needed, including portions of the façade and flat roof. The property has a bike score of 70, indicating it is very bikeable, and a walk score of 80, indicating it is very walkable.
Key Highlights
- Secured $750,000 grant in place for redevelopment.
- Located in an Opportunity Zone offering potential tax advantages.
- Three historic buildings totaling 36,494 sq ft with adaptive reuse possibilities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 12078, NY
23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic buildings with grant funding in Gloversville's Opportunity Zone.
Where is this mixed-use property located?
The property is located at 12-24 N Main St Gloversville, NY.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Secured $750,000 grant in place for redevelopment.; Located in an Opportunity Zone offering potential tax advantages.; Three historic buildings totaling 36,494 sq ft with adaptive reuse possibilities.
