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162-164 Glen St 7,654 SF 69% Leased Retail Building Glens Falls, NY 12801 $898,000 ($117.32/SF)
Investment Highlights
- First floor was renovated in 2009
- 9' ceilings, rubber roof, 3 apartments, 1st floor restaurant
- Building is made up of 4 separate suites totaling 7,654 square feet
Executive Summary
After 18 years' operating a Mexican Restaurant and Grill at 162 Glen Street the owner is relocating down state to be with family. This is an incredible opportunity to own a turnkey restaurant and mixed-use building located at Glens Falls most visible location. All fixtures, furnishings and equipment are included in the sale price. Restaurant financials available upon request. Great rental income from two apartments on the second floor and one apartment located on the third floor. (Apartment photos to follow) Extensive capital improvements. No critical differed maintenance.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,654 SF
Building Class
C
Year Built/Renovated
1963/2009
Price
$898,000
Price Per SF
$117.32
Percent Leased
69%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
13’
Building FAR
2.68
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
CCD - The Central Commercial District is to provide a high-density commercial area in downtown Glens Falls.
Frontage
42’ on Glen St
Amenities
- Corner Lot
- Storage Space
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 520500-302-020-0031-002-000-0000 | Improvements Assessment | $671,400 |
| Land Assessment | $45,200 | Total Assessment | $716,600 |
Property Taxes
Parcel Number
520500-302-020-0031-002-000-0000
Land Assessment
$45,200
Improvements Assessment
$671,400
Total Assessment
$716,600
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162-164 Glen St
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