407 Big Bay Rd Queensbury, NY 12804-7856
Commercial-Light Industrial. The purpose of the Commercial-Light Industrial (CLI) District is to provide for mixed commercial and light industrial uses in order to maximize utilization of this area of the Town that will enhance the Town's tax base and provide quality jobs, particularly those areas that are in transition between older industrial uses and newe…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CLI · Queensbury, NYCommercial-Light Industrial. The purpose of the Commercial-Light Industrial (CLI) District is to provide for mixed commercial and light industrial uses in order to maximize utilization of this area of the Town that will enhance the Town's tax base and provide quality jobs, particularly those areas that are in transition between older industrial uses and newer commercial warehousing and retail uses. This area of the Town is described in the "Industrial Corridors/Economic Development" section of the Comprehensive Plan, adopted on August 6, 2007, and merges the former CI-1A and LI Districts provided under the 2002 Zoning Law. (a) Uses allowed. This district allows light industrial uses which are its main focus, as well as warehousing, storage, and truck depot uses. In addition, commercial uses such as retail and services areas are allowed with certain restrictions as to size and location. These restrictions are provided to ensure that the district's purpose remains light industry and that the nonindustrial uses do not predominate but serve as compatible infill to serve the area. All allowed uses require site plan review. A complete list of the uses allowed in this CLI District is set forth on Table 4 of this chapter. [26] [26]
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.