Retail Space in Two-Tenant
For Sale
Contact for pricing
1454 State Route 9, Queensbury, NY 12845
On-site parking and nearby Starbucks add practical convenience for retail, service, or professional office use.
Property Size49,308 SF
Days on Market77
Property Features for 1454 State Route 9
General Information
Standard status
Active
Size
49,308 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Teresa R Gitto · License #10401255608
(518) 225-3689
Source:
Simplywoodardrealestate
Added: Aug 17
Changed: Nov 1
Last Checked: Nov 1 at 4:10PM
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 Realty One Group Key
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space occupies part of a two-tenant building constructed in 1985. The approximately 1,850-square-foot space is identified for retail, service, or professional office use, with on-site parking available.
At 1454 State Route 9 in Queensbury, the property has frontage along U.S. Route 9 and access from I-87 at Exit 20. Starbucks is next door, and the site is within the Lake George Outlets shopping area.
At 1454 State Route 9 in Queensbury, the property has frontage along U.S. Route 9 and access from I-87 at Exit 20. Starbucks is next door, and the site is within the Lake George Outlets shopping area.
Key Highlights
- Approximately 1,850 square feet in a two‑tenant building
- Frontage along U.S. Route 9
- Access from I‑87 at Exit 20
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$476,315
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,526,300
$9.5M
Cap Rate 7%
$6,804,500
$6.8M
Cap Rate 9%
$5,292,389
$5.3M
Market Conditions
NOI Build-Up for 49,308 SF
Gross rent
$739.6K $15.00/SF
− Vacancy
−$59.2K −$1.20/SF
EGI
$680.5K $13.80/SF
− OpEx
−$204.1K −$4.14/SF
NOI
$476.3K $9.66/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,526,300
Cap Rate 7%
$6,804,500
Cap Rate 9%
$5,292,389
Alternative Uses
Best Use
Retail
$6.80M
$5.95M – $7.94M
NOI $476,315 @ 7.0% cap · market cap 47,631,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.76M
$12.91M – $17.22M
NOI $1,033,101 @ 7.0% cap · market cap 103,310,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 73%
Shops & Services 17%
Dining 8%
Groceries 2%
Mobil
Shops & Services
20,085 visits/mo
0.4 miles
Old Navy
Apparel
15,867 visits/mo
0.4 miles
Michael Kors
Apparel
15,475 visits/mo
0.5 miles
LOFT Outlet
Apparel
11,977 visits/mo
0.4 miles
Polo Ralph Lauren
Apparel
11,910 visits/mo
0.4 miles
Demographics for 12845, NY
4,873
Population
3,441
Households
1.4
Avg Household Size
52
Median Age
37%
College-Educated
94%
High-School Grad
45.0 sq mi
ZIP Area
108
Density / Sq Mi
$95,583
Median Household Income
$50,000
Median Earnings
$1,064
Median Rent
$371,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - On-site parking and nearby Starbucks add practical convenience for retail, service, or professional office use.
Where is this retail space located?
The property is located at 1454 State Route 9 Queensbury, NY.
What are key features of this property?
This property features: Approximately 1,850 square feet in a two‑tenant building; Frontage along U.S. Route 9; Access from I‑87 at Exit 20
