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    FOR SALE
    Banks

    183 5Th Ave, Gloversville, NY 12078

    144 SF 0.7 ac lot Built 1984
    Individually Owned 17-yr Hold Free & Clear
    Property ID
    US63-5888682
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 183 5th Avenue in the vibrant city of Gloversville, New York, presents a unique investment opportunity. Situated on a sizable 0.14-acre lot, this general commercial property offers significant potential for redevelopment or repurposing. The property's address, 183 5th Avenue, places it within easy reach of local amenities and transportation routes, ensuring high visibility and accessibility for any future business venture. The asking price of $98,000 represents a compelling entry point into the Gloversville commercial real estate market. While the square footage is currently unavailable, the generous lot size provides ample space for a variety of development possibilities, from expanding an existing structure to constructing a new building entirely. This property is particularly attractive to entrepreneurs and investors seeking a strategic location with considerable growth potential in a thriving community. Its central location within Gloversville offers excellent exposure to a diverse customer base. The property's versatility makes it suitable for a wide range of commercial uses, subject to local zoning regulations. Serious inquiries are encouraged to explore the full potential of this promising investment opportunity. Act quickly, as properties like this in Gloversville are rarely available at this price point.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1984
    Total area 144 SF
    Lot 0.7 ac (30,492 SF)
    Zoning code C2
    APN 172800 134.16-14-1
    UPID US63-5888682
    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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    Blend (final) Blend
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    Owner & transaction history
    Theodore Leto · 17 yrs held
    Theodore Leto
    since 2008
    1 recorded transaction
    2008
    $175,000
    Zoning & alternative use
    C2 · Gloversville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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