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    Established Market & Deli Business

    40 Main Street South Glens Falls, NY 12803

    Claim this Listing
    For Sale
    $599,000

    Profitable market and deli with real estate included.

    Type:Commercial
    Property size:
    5,387 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $111.19/SF
    Added:
    Mar 2, 2026
    Days on Market:
    134
    Last Refresh:
    Apr 5 at 9:06 pm

    Property Features for 40 Main Street

    General Information

    Standard status
    Active
    Size
    5,387 SF
    Lot size
    0.54 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1981

    Listing office REALIZE BROKERS

    Listing date Mar 2, 2026

    Source Corcoran

    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 REALIZE BROKERS

    Investment Insights

    Based on property information with market context.

    An established market and delicatessen, a community landmark for over 25 years, is available for acquisition, including the commercial real estate. The property features a 5,387 square foot building on 0.54 acres. Public utilities are available, including water, sewer, natural gas, and electric. The property is located in a commercial (C1) zone. The location offers high traffic and high visibility, situated across the bridge from Downtown Glens Falls. The existing market/deli business has historical financials available upon request and execution of a non-disclosure agreement. Potential opportunities include expanding or refining the existing business, or exploring rental or redevelopment options.

    Key Highlights

    • Established Sorrentino's Delicatessen and Market with strong historical financials
    • Includes a 5,387 SF building on 0.54 acres
    • Prime location in a high traffic, high visibility area across from Downtown Glens Falls

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $80.8k $15.00
    − Vacancy −$6.5k −$1.20
    EGI $74.3k $13.80
    − OpEx −$22.3k −$4.14
    NOI $52.0k $9.66
    5,387 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $995.3K
    $870.9K – $1.16M (±1% cap)
    NOI $69,670 @ 7.0% cap · market cap 11.63%
    Second Best
    Retail
    $743.4K
    $650.5K – $867.3K (±1% cap)
    NOI $52,038 @ 7.0% cap · market cap 8.69%
    Theoretical Best
    Office A
    $1.61M
    $1.41M – $1.88M (±1% cap)
    NOI $112,868 @ 7.0% cap · market cap 18.84%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Sorrentino's Delicatessen & Market Take-out & Catering TEASE Salon And Beauty ... Hair Salon Pacyna Edward J Alternative Medicine Practice Dragonfly Massage Therapy Alternative Medicine Practice

    Suggested Use

    Auto Parts Store HVAC Service Garden Center Auto Repair Shop Storage Facility Electrical Service Big Box & Wholesale Store Hotel & Motel Furniture & Home Goods (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    Similar Off Market Nearby

    • Sorrentino's Delicatessen & Market — 40 Main St, South Glens Falls, NY 12803

    FAQs

    What type of property is this?
    Grocery and convenience store - Profitable market and deli with real estate included.
    Where is this grocery and convenience store located?
    The property is located at 40 Main Street South Glens Falls, NY.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Established Sorrentino's Delicatessen and Market with strong historical financials; Includes a **5,387 SF building on 0.54 acres**; **Prime location** in a high traffic, high visibility area across from Downtown Glens Falls
    Contact an agent
    (518) 656-0556
    We can help!
    Contact an agent
    NICHOLAS KETTER
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