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Property profile

63 Quaker Rd Queensbury, NY 12804

Strip malls
Property ID
US63-0548795
View Sample
56,873 SF 3.18 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 3.18-acre mixed-use property presents a unique investment opportunity in the thriving Queensbury, NY market. Located at 63 Quaker Road, the site offers significant potential for redevelopment or expansion. The existing structures, while not detailed in this listing, provide a solid foundation for a variety of commercial ventures. Given the substantial land area, possibilities range from expanding existing businesses to constructing new buildings tailored to meet current market demands. The property's strategic location within Queensbury ensures high visibility and convenient access to major transportation routes, attracting a diverse customer base. This is an ideal opportunity for investors seeking to capitalize on the growth and development potential of this dynamic area. The absence of specified square footage allows for flexible development plans, catering to a wide range of project scales and scopes. Serious inquiries are encouraged to explore the full potential of this remarkable property and its significant upside. The asking price is to be determined, providing an opportunity for negotiation and a tailored deal. This is a rare chance to acquire a substantial land parcel in a desirable location, ready for your vision. Further due diligence is recommended to fully assess the property's potential and to formulate a comprehensive development strategy.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Total area 56,873 SF
Lot 3.18 ac (138,521 SF)
Zoning code CI
APN 523400 296.18-1-5
UPID US63-0548795

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pet Grooming Service
  • Hair Salon Nail Salon
  • Pet Grooming Service
  • Real Estate Agency
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.05M

Owner & transaction history

since 2017
5 recorded transactions
2020
Price N/A
2020
Price N/A
2017
$3.6M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CI · Queensbury, NY
Zoning description

Commercial Intensive (CI), Commercial Intensive Exit 18 (CI-18) and Commercial Moderate (CM) Zones. [Amended 1-28-2011 by L.L. No. 2-2011 ; 4-18-2016 by L.L. No. 3-2016 ] A. Design districts. (1) Route 9 North District:…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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