Property profile

15 Pasco Ave Queensbury, NY 12804

FOR SALE
Warehouses
Property ID
US63-0381538
3,200 SF 7.5 ac lot Built 2017
Individually Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 10.21-acre mixed-use property located at 15 Pasco Ave Unit 15, Queensbury, NY presents a unique investment opportunity. The expansive lot offers significant potential for a variety of development projects, catering to diverse business needs. The property's strategic location in Queensbury provides easy access to major transportation routes, ensuring convenient connectivity for both businesses and residents. The current zoning allows for a range of uses, making it an attractive prospect for entrepreneurs and investors seeking to capitalize on the area's growing economy. The asking price of $499,999 represents a compelling value proposition considering the property's size, location, and development potential. Detailed zoning information and potential use cases are available upon request. This is an ideal opportunity for those seeking a substantial land holding with significant upside potential in a thriving New York community. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold as-is. Further due diligence is recommended by prospective buyers to fully assess the property's suitability for their intended use. Don't miss this chance to acquire a significant piece of Queensbury real estate. Contact us today to schedule a viewing and begin exploring the possibilities.

Property profile

Verified
Property type Warehouses
Use group STORAGE YARD (JUNK, SALVAGE)
Year built 2017
Total area 3,200 SF
Lot 7.5 ac (326,700 SF)
Zoning code MDR
APN 523400 301.19-1-10
UPID US63-0381538

Cap rate & NOI

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

Location

15 Pasco Ave Queensbury, NY 12804
Queensbury metro Census 70900 GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

Zoning & alternative use

MDR · Queensbury, NY
Zoning description

4 . (d) Residential development guidelines. Design guidelines for placement of new residential dwellings are set forth in § 179-4-010 of this chapter. (3) Moderate-density residential. The Moderate Density Residential (M…

General category RESIDENTIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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