27 Gansevoort RdSouth Glens Falls, NY 12803

Property Details for 27 Gansevoort Rd

Year built

1993

Lot size

6.86 AC

Property size (Sq ft)

62,278 SF

Zone code

C1

Property type

Retail properties

Property subtype

Strip malls

APN

414401 50.29-1-43

APU

4144015029143

Description

This exceptional 2,800 square foot retail space is available for lease at 27 Gansevoort Road in South Glens Falls, New York, zip code 12803. The property is a single-tenant strip center, offering a blank canvas for a wide range of retail businesses. With its entire 2,800 square feet currently vacant, this presents a unique opportunity for a business seeking immediate occupancy. The building's location in South Glens Falls provides excellent visibility and accessibility, making it an ideal spot to establish or expand a retail operation. The property is situated at 43.2860373 latitude and -73.6382091 longitude, offering convenient access for customers and employees. The single-tenant nature of the property ensures complete control and customization of the space to meet specific business needs. This is a rare opportunity to secure a substantial retail space in a desirable location. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire promptly to secure this prime retail location. The property is classified as a retail strip center, offering a straightforward and functional layout. This presents a cost-effective solution for businesses seeking a ready-to-occupy space without the complexities of a larger multi-tenant building. The ample square footage allows for a variety of retail configurations, catering to diverse business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $22,742,106

  6.5%

  $20,992,714

  7%

  $19,493,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,643,688

  Geo Method

  $20,505,854

• Alternative Use

  Use

  Valuation

  Residential

  $17,708,140

  Hospitality

  $16,220,560

  Educational

  $13,495,316

  Medical

  $13,959,440

  Retail

  $20,992,714

Location Insight

City

South Glens Falls

County

Saratoga

State

New York

Latitude

43.2862

Longitude

-73.6386

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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