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    OFF-MARKET
    Commercial land

    16 Washington St, Gloversville, NY 12078-3919

    1,292 SF 0.15 ac lot Built 1900
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US63-0704798
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 16 Washington Street, Unit 16 in Gloversville, New York, presents a compelling investment opportunity. Situated on a 0.15-acre lot, this building offers significant potential for a variety of uses, making it ideal for both seasoned investors and those new to the commercial real estate market. The property's address places it within easy reach of local amenities, businesses, and transportation routes, ensuring high visibility and accessibility. While the precise square footage is currently unavailable, the property's size and location suggest ample space for a diverse range of commercial ventures, potentially including retail, office space, or a combination thereof. The asking price of $45,000 represents a highly competitive entry point into the Gloversville commercial real estate market, offering a strong potential for capital appreciation and rental income. This is a rare opportunity to acquire a versatile property in a thriving upstate New York community. Serious inquiries are encouraged to explore the possibilities this unique offering presents. Further details regarding the property's interior layout and zoning regulations are readily available upon request. Don't miss this chance to secure a valuable asset in a dynamic and growing market.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1900
    Total area 1,292 SF
    Lot 0.15 ac (6,384 SF)
    Zoning code C
    APN 170500 149.6-15-5
    UPID US63-0704798
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Two Great Guys Realty Corp · 18 yrs held
    Two Great Guys Realty Corp
    since 2008
    1 recorded transaction
    2008
    $2,066
    Zoning & alternative use
    C · Gloversville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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