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    Property profile & analytics
    OFF-MARKET Estimated value $4,210,000
    Manufacturing properties

    68 Harrison St, Gloversville, NY 12078-4732

    88,984 SF 7.1 ac lot Built 1975
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-1362490
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 68 Harrison Street in Gloversville, NY, presents a significant investment opportunity. The 33,000 square foot building sits on a generous 3.5-acre lot and is zoned for light manufacturing, offering versatility for a range of industrial uses. Built in 1975, the single-story structure boasts a 16-foot ceiling height, providing ample vertical space for storage or operations. The property features two loading docks and one drive-in door, ensuring efficient loading and unloading. An additional 1,500 square feet of office space is included, providing comfortable administrative areas. The property is offered at $1,350,000, with a price per square foot of $40.91. The lease type is NNN (Net, Net, Net), and the tenancy is single. Conveniently located in Fulton County, NY, zip code 12078, this property benefits from an easement granting access to adjacent buildings owned by a related company. This well-maintained facility is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a functional and strategically located industrial space.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1975
    Total area 88,984 SF
    Lot 7.1 ac (309,276 SF)
    Zoning code M2
    APN 170500 163.5-6-2.1
    UPID US63-1362490
    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
    • Somerset Dyeing & Finishing Inc Mill
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.51M
    Blend (final) Blend
    $4.21M
    Owner & transaction history
    Gloversville City Of · 4 yrs held
    Gloversville City Of
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    M2 · Gloversville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $6.7M +202.9%
    Retail stores $6.6M +201.6%
    Warehouse, storage $4.6M +110.7%
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