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Property profile & analytics
OFF-MARKET Estimated value $520,000
Strip malls

217 Dix Ave Glens Falls, NY 12801-3290

23,400 SF 4.28 ac lot Built 2007
Individually Owned 14-yr Hold Free & Clear
Property ID
US63-5988335
Property summary
AI-generated overview

This exceptional 23,400 square foot, single-story building, constructed in 2007, offers multiple flexible spaces ideal for a variety of uses. Located in Warren County and zoned LI, the property sits on a generous 4.28-acre lot. Currently, there are three suites, with a total of 12,650 square feet of vacant space available. Units range from a minimum of 2,100 square feet to a maximum contiguous space of 10,550 square feet. One notable space is a large 8,050 square foot flex/retail/office area boasting 21-foot ceilings. The property benefits from strong co-tenancy with established businesses including Little Caesars and Nautilus Gym. Virtual tours are available for two of the vacant suites. This prime location presents a unique opportunity for businesses seeking flexible, high-visibility space in a thriving community. The property's single-story design and ample parking provide convenient access and a welcoming atmosphere for both employees and customers. The diverse zoning allows for a wide range of potential uses, making this an attractive investment for various business models. This is a rare opportunity to secure a significant presence in a well-established commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Total area 23,400 SF
Lot 4.28 ac (186,437 SF)
Zoning code LI
APN 520500 303.14-5-3
UPID US63-5988335
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
  • Adirondack Nautilus Gym & Fitness Center
  • Little Caesars Pizza Restaurant
  • Vixen & Viking Tattoo Studio LLC Tattoo & Piercing Shop
  • King Exotics (Bike/Boat/Book/etc) Store
  • All Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$514k
Blend (final) Blend
$520k
Owner & transaction history
Tara Stone · 14 yrs held
Tara Stone
since 2011
3 recorded transactions
2011
$950,000
2004
$250,000
1969
Price N/A
Zoning & alternative use
LI · Glens Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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