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    Manufacturing properties

    1 River St, South Glens Falls, NY 12803

    183,950 SF 11.41 ac lot Built 1965
    Entity Owned 22-yr Hold Free & Clear
    Property ID
    US63-6265718
    Property summary
    AI-generated overview

    This exceptional industrial property, situated on 30.24 acres in South Glens Falls, NY, presents a unique investment opportunity. The campus comprises five primary buildings totaling 303,310 square feet, offering a diverse range of spaces. The layout includes 9,500 square feet of executive office space, 226,610 square feet dedicated to manufacturing, and 67,200 square feet of warehouse space. Originally constructed in 1864, the property has undergone significant additions and renovations in 1959, 1975, 1983, 1985, 1999, and 2008, resulting in excellent condition. Ceiling heights vary across the buildings, ranging from 9 feet in the office space to 12-44 feet in the manufacturing areas, with other sections featuring heights of approximately 20-29 feet, 11-22 feet, 14-18 feet, and 35-38 feet in the high bay area. The property boasts 10 loading docks, ample trailer parking for approximately 150+ trailers, and over 200 parking spaces. The manufacturing areas are equipped with multiple cranes and hoists (5 with 3-10 ton capacity in one area, and 4 with 3-10 ton capacity in another). The property benefits from substantial power supplied by National Grid (24.5 MVA capacity), a 6-inch water main supplied by the Village of South Glens Falls, and three steam boilers. The property features a comprehensive fire suppression system including wet sprinklers, a dry system in limited areas, a high-pressure diesel fire pump, and a 200,000-gallon fire water tank. The property is zoned M-2, Industrial, and the annual property taxes are $330,000 (across 26 parcels). Located at 1 River Street, South Glens Falls, NY 12803, this property offers convenient access to I-87 and the Hudson River. Note: Various building systems and equipment are being shut down; a review of conditions and requirements is recommended. All information should be independently verified.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1965
    Total area 183,950 SF
    Lot 11.41 ac (497,020 SF)
    Zoning code C1
    APN 414401 37.37-1-3.1
    UPID US63-6265718
    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
    Current use
    Occupant on record · Public records
    • Essity Mill
    • SCA Mill
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $17.51M
    Comparable Approach Comparable
    $14.89M
    Blend (final) Blend
    $15.52M
    Owner & transaction history
    Sca Tissuee North America LLC · 22 yrs held
    Sca Tissuee North America LLC
    since 2004
    1 recorded transaction
    2004
    Zoning & alternative use
    C1 · South Glens Falls, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $21.6M +100.3%
    Warehouse, storage $11.6M +7.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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