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137 Ridge St
Glens Falls, NY 12801
Retail Property For Sale
Investment Highlights
- Mixed-use property featuring three separately metered units, including a ground-floor beauty salon and two residential apartments.
- Prime location just a short walk to downtown and one block from the city park, surrounded by historic Ridge Street properties.
- GC1 zoning with private off-street paved parking enhances commercial usability and convenience.
Executive Summary
Mixed use opportunity. Three separately metered suites. Suite #1 First floor small beauty salon. Suite #2 Two story three bedroom apartment. Suite #3 one story two bedroom apartment. Zoned GC1. Private off street paved parking adds commercial viability to this building. Located in a charming section of Ridge Street with many attractive period properties. One block to city park and just two blocks walking distance to downtown. Bones are good but needs much renovation. Currently in the clean out stage.
Property Facts
Sale Type
Investment
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,834 SF
Building Class
C
Year Built
1960
Price
$350,000
Price Per SF
$123.50
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.30
Lot Size
0.22 AC
Zoning
GC1
Parking
14 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
41’ on Ridge St
Property Taxes
| Parcel Number | 520500-303-017-0008-010-000-0000 | Improvements Assessment | $46,600 |
| Land Assessment | $66,900 | Total Assessment | $113,500 |
Property Taxes
Parcel Number
520500-303-017-0008-010-000-0000
Land Assessment
$66,900
Improvements Assessment
$46,600
Total Assessment
$113,500
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