Turn-Key Bed and Breakfast
For Sale
$999,900
153 Bay Street, Glens Falls, NY
Hospitality property with six bedrooms and in-ground pool.
Property Size4,212 SF
Price / SF$237.39
Days on Market387
Property Features for 153 Bay Street
General Information
Standard status
Active
Size
4,212 SF
Property subtype
Other
Building Details
Building Size
4,212 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:40AM
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.
This turn-key bed and breakfast inn is located in Glens Falls, nestled in the foothills of the Adirondacks, a short drive from Saratoga Springs and Lake George. The property features 6 spacious bedrooms, each with private ensuite bathrooms, plus an in-ground pool. The property was completely renovated in 2015 with new electrical, plumbing, drywall, and HVAC systems, including 8 split units throughout. The sale includes all furniture and furnishings.
Key Highlights
- Turn‑key Bed and Breakfast Inn: Fully furnished and ready for immediate operation
- Prime Location: Situated in Glens Falls, near the Adirondacks, Saratoga Springs, and Lake George
- Six Spacious Bedrooms: Each bedroom includes a private ensuite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,411
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,220
$648.2K
Cap Rate 7%
$463,014
$463.0K
Cap Rate 9%
$360,122
$360.1K
Market Conditions
NOI Build-Up for 4,212 SF
Gross rent
$75.8K $18.00/SF
− Vacancy
−$7.6K −$1.80/SF
EGI
$68.2K $16.20/SF
− OpEx
−$35.8K −$8.51/SF
NOI
$32.4K $7.69/SF
Area
Warren County, NY
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,220
Cap Rate 7%
$463,014
Cap Rate 9%
$360,122
Alternative Uses
Best Use
Hotel Hospitality
$463.0K
$405.1K – $540.2K
NOI $32,411 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,250 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- The Glens Falls Inn — 25 Sherman Ave, Glens Falls, NY 12801
- Bailys bed and breakfast — Centennial Cir, Glens Falls, NY 12801
- Stagecoach inn — Lake Placid, NY 12801
- The Bell House Inn — 153 Bay St, Glens Falls, NY 12801
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Hospitality property with six bedrooms and in-ground pool.
Where is this bed & breakfast located?
The property is located at 153 Bay Street Glens Falls, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Turn‑key Bed and Breakfast Inn: Fully furnished and ready for immediate operation; Prime Location: Situated in Glens Falls, near the Adirondacks, Saratoga Springs, and Lake George; Six Spacious Bedrooms: Each bedroom includes a private ensuite bathroom
