Glens Falls Mixed-Use
For Sale
$935,000
144 Glen Street, Glens Falls, NY 12801
Three-story brick building with commercial and residential income potential.
Property Size6,552 SF
Price / SF$142.70
Days on Market207
Property Features for 144 Glen Street
General Information
Standard status
Active
Size
6,552 SF
Property subtype
Mixed Use
Building Details
Building Size
6,552 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 19 at 3:28AM
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 Pyramidbrokerage
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Investment Insights
Based on property information with market context.
Located in the heart of Glens Falls on Centennial Circle, this three-story brick building offers an investment opportunity with multiple income streams. The property features Domino's Pizza, a long-term tenant, occupying the first-floor commercial space. A newly converted and rented soho-style spacious loft apartment, featuring 16' ceilings, graces the second floor. An additional two-bedroom apartment rounds out the first floor's residential offerings. The third-floor residential unit is framed and roughed in, has plumbing and updated electrical, for additional planned living space, and presents a blank canvas for investors to create a fourth rental unit. The building showcases an iconic mural depicting Glens Falls and hot air balloons on its exterior, making it a recognized landmark in the community. This is the former historic Braydon and Chapman Music Building, blending historical significance with modern income-producing potential. The property size is 6552 square feet. With existing established rental incomes and room for expansion, this property represents a rare opportunity to own a piece of Glens Falls history while building an investment portfolio.
Key Highlights
- Prime location in the heart of Glens Falls on Centennial Circle.
- Multiple income streams from established commercial and residential rentals.
- Opportunity to create a fourth rental unit on the third floor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,376
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,520
$1.6M
Cap Rate 7%
$1,162,514
$1.2M
Cap Rate 9%
$904,178
$904.2K
Market Conditions
NOI Build-Up for 6,552 SF
Gross rent
$141.5K $21.60/SF
− Vacancy
−$11.3K −$1.73/SF
EGI
$130.2K $19.87/SF
− OpEx
−$48.8K −$7.45/SF
NOI
$81.4K $12.42/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,520
Cap Rate 7%
$1,162,514
Cap Rate 9%
$904,178
Alternative Uses
Best Use
Mixed Use
$1.16M
$1.02M – $1.36M
NOI $81,376 @ 7.0% cap · market cap 8.70%
Second Best
Retail
$904.2K
$791.2K – $1.05M
NOI $63,292 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,278 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,246
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story brick building with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 144 Glen Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Prime location in the heart of Glens Falls on Centennial Circle.; Multiple income streams from established commercial and residential rentals.; Opportunity to create a fourth rental unit on the third floor.
