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Well-Kept Office Building Near Hospital

7 Murray Street, Glens Falls, NY 12801

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For Sale

$450,000

2,448 sq. ft. office building with flexible layout.

Property size:

2,448 SF

Price / SF:

$183/SF

HighLights

Prime location minutes from Glens Falls Hospital.
Spacious 2,448 sq. ft. single‑story brick office building.
Easily divisible layout ideal for two separate office spaces and rental income.
20‑car private parking lot.
Full basement offering extra storage or expansion possibilities.
Duel metered layout with two furnaces serving left and right side zones.

We can help!

Listing Contact

R. MARK LEVACK

For Sale

$450,000

2,448 sq. ft. office building with flexible layout.

Property size:

2,448 SF

Price / SF:

$183/SF

Added:: May 17, 2025
Days on Market:: 396
Last Refresh:: Mar 16 at 9:09 am

Property Features for 7 Murray Street

General Information

Standard status: Active
Size: 2,448 SF

Building Details

Year Built: 1970

We can help!

Listing Contact

R. MARK LEVACK

Listing agent R. MARK LEVACK

Listing office LEVACK REAL ESTATE INC

Listing date May 17, 2025

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 LEVACK REAL ESTATE INC

HighLights

Prime location minutes from Glens Falls Hospital.
Spacious 2,448 sq. ft. single‑story brick office building.
Easily divisible layout ideal for two separate office spaces and rental income.
20‑car private parking lot.
Full basement offering extra storage or expansion possibilities.
Duel metered layout with two furnaces serving left and right side zones.

Overview

This well-kept brick office building offers 2,448 sq. ft. of space. The single-story property is located minutes from Glens Falls Hospital. Its duel metered layout is easily divisible into two separate office spaces, suitable for professionals seeking flexibility or additional rent revenue. The property includes a 20-car private parking lot. Two furnaces serve left side right side zones. A full basement provides extra storage or possible expansion opportunities.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.8k	$24.00
− Vacancy	−$8.2k	−$3.36
EGI	$50.5k	$20.64
− OpEx	−$12.6k	−$5.16
NOI	$37.9k	$15.48

2,448 SF · lease $24.00/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$541.4K

$473.7K – $631.6K (±1% cap)

NOI $37,895 @ 7.0% cap · market cap 8.42%

Second Best

—

no second resolved use

Theoretical Best

Office A

$732.7K

$641.1K – $854.8K (±1% cap)

NOI $51,290 @ 7.0% cap · market cap 11.40%

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. Armin Afsar-Keshmiri, ... Physician John C Herzog ... Physician Saratoga Spine Physician Dr. Hetal T. ... Pediatrician Varone Ricky A Employment Agency

Suggested Use

Similar Places Nearby

LTB & Co. — 175 Broad St, Glens Falls, NY 12801, United States
Fast Track Phone Repair and Accessories — 16 W Notre Dame St, Glens Falls, NY 12801

Location Insight

Map
Local Demand

City: Glens Falls
County: Warren
State: New York
Longitude: -73.6522
Latitude: 43.3046

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For sale
Office Spaces
NY
Glens Falls
12801
7 Murray Street

What type of property is this?

Office space - 2,448 sq. ft. office building with flexible layout.

Where is this office space located?

The property is located at 7 Murray Street Glens Falls, NY.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Prime location minutes from Glens Falls Hospital.; Spacious 2,448 sq. ft. single‑story brick office building.; Easily divisible layout ideal for two separate office spaces and rental income.