Property profile

773 Quaker Rd Queensbury, NY 12804

FOR SALE
Retail space
Property ID
US63-2663498
4,764 SF 7.18 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two one-acre outparcels ideally situated on a signalized corner in Queensbury, NY, at the intersection of Quaker Road and Dix Avenue. The property boasts a prime location with excellent visibility and high traffic counts, ensuring maximum exposure for any commercial venture. Currently zoned for commercial use, these lots offer significant potential for quick-service restaurants (QSR) and other retail establishments. The land is directly adjacent to a newly constructed Taco Bell, further enhancing its desirability and demonstrating the area's strong commercial appeal. Across the street, the presence of established businesses like Stewart's Shops and McDonald's underscores the robust consumer base and consistent foot traffic in this thriving location. The proximity to a Dunkin' Donuts further solidifies the area's suitability for similar businesses. The combined lot size ranges from one to six acres, providing flexibility for various development plans. This Class A property offers an absolute NNN lease type, with a multi-tenancy structure and a current occupancy rate of 50%. The total square footage available ranges from 43,000 to 240,000 square feet, catering to a wide range of development needs. This fee-simple ownership opportunity is perfect for investors seeking a high-return, strategically located retail investment in a rapidly growing market. The property's location and existing infrastructure make it an attractive proposition for developers and investors alike.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 4,764 SF
Lot 7.18 ac (312,761 SF)
Zoning code CI
APN 523400 303.15-1-27
UPID US63-2663498

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
  • Food Processing Plant
  • (Bike/Boat/Book/etc) Store Florist
  • Electric Vehicle Charging Station

Location

773 Quaker Rd Queensbury, NY 12804
Queensbury metro Census 70603 GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
$710k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.07M

Owner & transaction history

since 2023
Last sale
$900,000
2 recorded transactions
2023
$900,000
2005
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
Top alternative use upside
Commercial (general) $705,000 +139.9%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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