Retail Opportunity in High-Traffic
For Sale
Contact for pricing
87 W Fulton Street, Gloversville, NY 12078
Retail property with high visibility and business potential.
Property Size777 SF
Price / SF$140.67
Days on Market152
Property Features for 87 W Fulton Street
General Information
Standard status
Active
Size
777 SF
Property subtype
Retail
Listing Agency:
Coldwell Banker Prime Properties Johnstown
(518) 762-9885
Listed By:
Fermina Clet · License #10401342270
Source:
Crexi
Added: Mar 3
Changed: Jul 10
Last Checked: Jul 31 at 8:55AM
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 Coldwell Banker Prime Properties Johnstown
Investment Insights
Based on property information with market context.
This retail property offers a unique setting with the sound of flowing water. Located in a high-traffic area of Gloversville, New York, it benefits from an estimated 32,036 cars passing by daily. The building features three-phase power, central air, and gas heat. It is being sold as is and requires some TLC. The property is suitable for various business opportunities, including a snack bar, ice cream shop, sandwich shop, coffee shop, flower shop (with water access from Cayadutta Creek), and internet café. The property has a size of 777 square feet. The location is conveniently situated across the street from the police station and near apartment complexes.
Key Highlights
- High‑traffic location with approximately 32,036 cars passing daily.
- Suitable for various business types (snack bar, ice cream shop, coffee shop, etc.).
- Features three‑phase power, central air, and gas heat.
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 | $10.9k | $14.04 |
| − Vacancy | −$458 | −$0.59 |
| EGI | $10.5k | $13.45 |
| − OpEx | −$3.1k | −$4.04 |
| NOI | $7.3k | $9.42 |
777 SF · lease $14.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$104.5K
$91.5K – $121.9K
NOI $7,316 @ 7.0% cap · market cap 6.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$537.2K
$470.0K – $626.7K
NOI $37,601 @ 7.0% cap · market cap 34.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Explore this area
Business Placement
Demographics for 12078, NY
23,009
Population
11,668
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
87%
High-School Grad
110.8 sq mi
ZIP Area
208
Density / Sq Mi
$54,565
Median Household Income
$36,769
Median Earnings
$908
Median Rent
$122,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with high visibility and business potential.
Where is this retail space located?
The property is located at 87 W Fulton Street Gloversville, NY.
What is the asking price?
The asking price for this property is $109,300.
What are key features of this property?
This property features: High‑traffic location with approximately 32,036 cars passing daily.; Suitable for various business types (snack bar, ice cream shop, coffee shop, etc.).; Features three‑phase power, central air, and gas heat.
