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    183 5Th Ave Gloversville, NY 12078

    Sponsored
    For Sale
    $79,900

    High-traffic lot, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 0.7-acre commercial property at 183 Fifth Avenue in Gloversville, New York, presents a unique investment opportunity. The property, zoned C2 by the Town of Johnstown, boasts a highly visible location with significant road frontage (124 feet) and proximity to banks, fast-food restaurants, and shopping centers. The site includes a substantial paved parking lot (approximately 6,000 square feet), offering ample space for customers or employees. The building itself is a former ATM structure, providing a solid foundation for redevelopment or repurposing. While the exact square footage of the building is not specified, the lot size is 6,098 square feet. City water may be available, although sewer connection is not currently established. This property is listed at $79,900 and is classified as multifamily, land, and an apartment building, although the number of units is currently zero. The property's high visibility and convenient location make it an attractive prospect for a variety of small businesses seeking a strong presence in a busy commercial area. The level site and existing parking lot further enhance its appeal. This is a prime opportunity to acquire a well-situated commercial property in a thriving community.

    Property Features for 183 5Th Ave

    General Information

    Property type
    Multifamily properties
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gloversville
    County
    Fulton
    State
    New York
    Longitude
    -74.3260172
    Latitude
    43.0593685

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    FAQs

    What type of property is this?
    Multifamily property - High-traffic lot, ideal for business.
    Where is this multifamily property located?
    The property is located at 183 5Th Ave Gloversville, NY.
    What is the asking price?
    The asking price for this property is $79,900.
    Request Owner's contact information
    183 5Th Ave Gloversville, NY 12078
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    Gloversville, NY 12078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    183 5Th Ave Gloversville, NY 12078
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