Multi-Building Industrial and Storage
309-313 Bay Road, Queensbury, NY 12804
For Sale
$3,850,000
Six-building assemblage totaling 42,735 sf with municipal utilities, ample private parking, and a diverse 100% leased tenant roster.
Property Size42,735 SF
Lot Size6.73 Acres
Price / SF$90.09
Days on Market291
Property Features for 309-313 Bay Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Utilities to Site
Amenities
Accessible Approach with Ramp
Accessible Doors
Accessible Full Bath
Accessible Sidewalks
Accessible Transportation or Bus
Building Details
Tenancy
Listing Agency:
Levack Real Estate Inc
Listed By:
R Mark Levack · License NY 31LE0744941
(518) 469-5716
Source:
Signatureonerealtygroup
Added: Jan 24
Changed: Nov 8
Last Checked: Nov 8 at 6:41AM
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 Levack Real Estate Inc
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Investment Insights
Based on property information with market context.
This assemblage consists of six separate buildings totaling 42,735 square feet, currently 100% leased. The property is set on a 6.73-acre lot and includes municipal water and sewer service to each building, with separate gas and electric services. Ample off-street private parking supports day-to-day operations across the site. Tenant mix shown in the remarks includes a multinational medical products manufacturer, a Mexican restaurant, a body art business, a janitorial business, a trophy business, and a mini storage building.
The site is located in Queensbury, with the property described as being in proximity to one of the area’s busiest intersections. Each building operates with its own utility services, providing a self-contained setup within the overall portfolio. The combination of multiple uses within one ownership group can simplify management for an operator seeking variety under a single asset.
For investors, the primary advantage is leased diversification across industrial, restaurant, service, and storage uses within one multi-building portfolio. The current occupancy may support an income-focused ownership strategy, while the mixed-use configuration also lends itself to consideration of future redevelopment plans, as referenced in the offering materials. Financial details are available to qualified parties under NDA.
The site is located in Queensbury, with the property described as being in proximity to one of the area’s busiest intersections. Each building operates with its own utility services, providing a self-contained setup within the overall portfolio. The combination of multiple uses within one ownership group can simplify management for an operator seeking variety under a single asset.
For investors, the primary advantage is leased diversification across industrial, restaurant, service, and storage uses within one multi-building portfolio. The current occupancy may support an income-focused ownership strategy, while the mixed-use configuration also lends itself to consideration of future redevelopment plans, as referenced in the offering materials. Financial details are available to qualified parties under NDA.
Key Highlights
- Six‑building commercial assemblage totaling 42,735 sq. ft., currently 100% leased
- Located on a 6.73‑acre lot with ample off‑street private parking
- Each building is served by municipal water and sewer with separate gas and electric services
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$320,942
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,418,840
$6.4M
Cap Rate 7%
$4,584,886
$4.6M
Cap Rate 9%
$3,566,022
$3.6M
Market Conditions
NOI Build-Up for 42,735 SF
Gross rent
$405.1K $9.48/SF
− Vacancy
−$27.5K −$0.64/SF
EGI
$377.6K $8.84/SF
− OpEx
−$56.6K −$1.33/SF
NOI
$320.9K $7.51/SF
Area
Warren County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,418,840
Cap Rate 7%
$4,584,886
Cap Rate 9%
$3,566,022
Alternative Uses
Best Use
Self Storage
$5.72M
$5.01M – $6.68M
NOI $400,615 @ 7.0% cap · market cap 10.41%
Second Best
Warehouse
$4.58M
$4.01M – $5.35M
NOI $320,942 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$12.79M
$11.19M – $14.92M
NOI $895,384 @ 7.0% cap · market cap 23.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Explore this area
Business Placement
Demographics for 12804, NY
27,790
Population
13,287
Households
2.1
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
54.7 sq mi
ZIP Area
508
Density / Sq Mi
$90,074
Median Household Income
$50,368
Median Earnings
$1,209
Median Rent
$284,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Six-building assemblage totaling 42,735 sf with municipal utilities, ample private parking, and a diverse 100% leased tenant roster.
Where is this manufacturing property located?
The property is located at 309-313 Bay Road Queensbury, NY.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Six‑building commercial assemblage totaling 42,735 sq. ft., currently 100% leased; Located on a 6.73‑acre lot with ample off‑street private parking; Each building is served by municipal water and sewer with separate gas and electric services
