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    OFF-MARKET
    Land

    2-10 Main St, Gloversville, NY 12078

    10,600 SF
    Property ID
    Property summary
    AI-generated overview

    This unique four-story flat iron building at 2-10 S Main Street, Gloversville, NY 12078, presents a compelling redevelopment opportunity. Boasting 10,600 square feet, the property offers a blend of commercial and residential potential. The ground floor features existing commercial spaces with temporary power services currently in place. The second and third floors are completely gutted, providing a blank canvas for creative design and flexible use. The previous owner had plans for six apartments, but the space is equally suitable for a mix of office and residential units, catering to diverse needs. This adaptable layout allows for significant customization to suit the buyer's vision. The building's location in downtown Gloversville offers access to potential grant funds for improvements, subject to qualification. The asking price for this substantial property is $265,000. This presents a rare chance to acquire a significant property in a revitalizing downtown area, offering substantial return on investment potential. The property is classified as multifamily and land, with a subtype of apartment building, commercial, and duplex/triplex/quadruplex. While currently listed as having zero units, the substantial square footage and existing commercial space offer significant development potential.

    Property profile
    Verified
    Property type Land
    Total area 10,600 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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