Property profile

16 Ml St St Gloversville, NY 12078

OFF-MARKET
Retail properties & Spaces
2 SF
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Property summary

AI-generated overview

This exceptional commercial property, located at 16 Mill Street in Gloversville, New York, presents a unique opportunity for entrepreneurs and investors. The 6,098 square foot lot is zoned for commercial use and offers significant potential for development. Currently listed at $275,000, this property is being sold "as is," requiring a hold harmless agreement for interior access. The existing structure, a small retail space of only 2 square feet, is not a significant factor in the overall value proposition. The true asset lies in the expansive lot size and its prime location within the vibrant Gloversville business community. This presents a blank canvas for a new commercial building tailored to your specific business needs. The property's address is 16 Mill Street, Gloversville, NY 12078, situated in Fulton County. The location offers excellent visibility and accessibility, making it an ideal spot for a variety of commercial ventures. This is a rare chance to acquire a substantial commercial lot in a desirable area, allowing for the creation of a custom-designed business space. The property is sold "as is," and any necessary inspections or due diligence should be conducted prior to purchase. Seize this opportunity to build your business success in a thriving New York community.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16 Ml St St Gloversville, NY 12078
Gloversville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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