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Property profile & analytics
OFF-MARKET
Manufacturing properties

16 Ml St Gloversville, NY 12078-4342

4,741 SF 0.18 ac lot Built 1910
Individually Owned 7-yr Hold Free & Clear
Property ID
US63-3665853
Property summary
AI-generated overview

This exceptional commercial property, located at 16 Mill Street in the vibrant city of Gloversville, New York, presents a unique investment opportunity. Situated on a sizable 0.14-acre lot, this property offers significant potential for a variety of commercial ventures. The property's address, 16 Mill Street, places it within easy reach of local businesses, amenities, and transportation routes, ensuring high visibility and accessibility. The asking price of $275,000 represents a compelling value proposition in the current market. While the square footage is currently unavailable, the substantial lot size provides ample space for development or expansion. This property is classified as "Other," suggesting flexibility in its potential use, making it an ideal canvas for creative entrepreneurs and forward-thinking investors. Its location in Gloversville, NY offers access to a thriving community and a strong local economy. Serious inquiries are encouraged to explore the possibilities this property unlocks. The absence of specified square footage necessitates an on-site inspection to fully assess the property's dimensions and potential. This property is being offered as-is. Further details are available upon request. Don't miss this chance to acquire a valuable piece of commercial real estate in a dynamic location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1910
Total area 4,741 SF
Lot 0.18 ac (7,920 SF)
Zoning code M1
APN 170500 149.6-23-7
UPID US63-3665853
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
  • Glovecityleathers.com Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
John E Lake · 7 yrs held
John E Lake
since 2018
4 recorded transactions
2018
$11,000
2015
$13,000
2013
$12,000
2005
$50,499
Zoning & alternative use
M1 · Gloversville, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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