174 Glen St Glens Falls, NY 12801
- Investment properties
- 6,555 SF
- 0.05 lot acres
Current Use by Public Records
- Aeon Nexus Corporation / Corporate Office
Property Details for 174 Glen St
- Year built
- 1950
- Lot size
- 0.05 lot acres
- Property size
- 6,555 SF
- Zone code
- CCD
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 520500 302.20-31-5
- APU
- 52050030220315
Description
This exceptional Class A executive office building, located at 174 Glen Street in Glens Falls, New York, presents a unique investment opportunity. Boasting 8,740 square feet of meticulously renovated space, this 1950-built property offers a blend of modern amenities and classic charm. The building features 6,640 square feet of executive office space and an additional 2,100 square feet of retail space on the first floor, providing flexibility for expansion or leasing opportunities. A key highlight is the inclusion of a rooftop deck and a private lounge on the lower level, offering employees and tenants exclusive spaces for relaxation and collaboration. The building is constructed of durable block and brick, with a rubber roof ensuring long-term structural integrity. Modern climate control is provided through forced air heating and central air conditioning. Convenient municipal parking is located at the rear of the building, ensuring ample parking for tenants and visitors. Situated in the heart of downtown Glens Falls, this property benefits from its proximity to numerous restaurants, the theatre, and other businesses. Glens Falls' strategic location between Saratoga and Lake George further enhances its appeal, benefiting from the growth and development in the surrounding areas. Water and sewer services are provided by the municipality. This property offers a rare combination of prime location, modern amenities, and flexible space, making it an ideal investment for discerning buyers. The asking price is $875,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $365,000
- 7%
- $350,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $330,000
- Mixed-Use
- $335,000
- Hospitality
- $305,000
- Educational
- $335,000
- Residential Income
- $320,000
- Energy
- $305,000
- Income-Based Land
- $305,000
- Food Service
- $280,000
Location Insight
- Map
- Local Demand
- City
- Glens Falls
- County
- Warren
- State
- New York
- Longitude
- -73.6446
- Latitude
- 43.3096
- CBSA code
- 24020
- CBSA name
- GLENS FALLS, NY METROPOLITAN STATISTICAL AREA