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39 Hudson St 3,588 SF 100% Leased Retail Building South Glens Falls, NY 12803 $399,900 ($111.45/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Spacious Salon
- Plenty of parking
- Great location
EXECUTIVE SUMMARY
Currently set up as a salon & spa, but has many other potential uses. On the main level there are 5 style stations,2 wash stations & a large reception desk/waiting area. In the back you'll find locking cupboards, plenty of counter space, utility sink and large employee/client bathroom. Head down to the spacious basement from the main level or from a separate driveway side entrance. In the basement you'll find 3 spaces (2 private) perfect for spa services (Nail tech/Facial/Massage/Etc.). One private space includes a shower & salon sink. There is a 1/2BT, laundry closet and plumbing in place for 2 pedicure chairs. Perfect for additional rent revenue. The spacious 2BR,1BT second floor apartment offers a large kitchen with island and SS appliances, formal dinning room, laundry/mudroom combo.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$39,600
|
$11.04
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,980
|
$0.55
|
| Effective Gross Income |
$37,620
|
$10.48
|
| Taxes |
$2,634
|
$0.73
|
| Operating Expenses |
$6,993
|
$1.95
|
| Total Expenses |
$9,627
|
$2.68
|
| Net Operating Income |
$27,993
|
$7.80
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $11.04 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,980 |
| Annual Per SF | $0.55 |
| Effective Gross Income | |
|---|---|
| Annual | $37,620 |
| Annual Per SF | $10.48 |
| Taxes | |
|---|---|
| Annual | $2,634 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | $6,993 |
| Annual Per SF | $1.95 |
| Total Expenses | |
|---|---|
| Annual | $9,627 |
| Annual Per SF | $2.68 |
| Net Operating Income | |
|---|---|
| Annual | $27,993 |
| Annual Per SF | $7.80 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,588 SF
Building Class
C
Year Built
1960
Price
$399,900
Price Per SF
$111.45
Cap Rate
7%
NOI
$27,993
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.63
Lot Size
0.13 AC
Zoning
C2 - Retail building. Establishments such as drugstore, pharmacy, stationary store. Grocery store meat or produce store. Barber/Beauty shop. Restaurant.
Parking
2 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
25’ on Hudson St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pretty Parlor
- -
- 2,314 SF
- -
- Full Service
- Mar 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pretty Parlor | - | 2,314 SF | - | Full Service | Mar 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 414401-037-054-0002-007-000-0000 | Total Assessment | $135,000 |
| Land Assessment | $22,600 | Annual Taxes | $2,634 ($0.73/SF) |
| Improvements Assessment | $112,400 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
414401-037-054-0002-007-000-0000
Land Assessment
$22,600
Improvements Assessment
$112,400
Total Assessment
$135,000
Annual Taxes
$2,634 ($0.73/SF)
Tax Year
2024
-
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39 Hudson St
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