Property profile

2-10 Main St Gloversville, NY 12078

OFF-MARKET
Land
10,600 SF
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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

Location

2-10 Main St Gloversville, NY 12078
Gloversville metro
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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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