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40 Main St 4,700 SF Retail Building South Glens Falls, NY 12803 $850,000 ($180.85/SF)



Executive Summary
Check out "Sorrentino's Delicatessen and Market", an established community landmark for 26+ years. This offering presents a unique opportunity to acquire an existing business with commercial real estate included. The longstanding market/deli business has strong historical financials and we have a preliminary business valuation available upon request/execution of an NDA. The property features a 5,387 SF building on 0.54 acres, complete with public utilities: water, sewer, natural gas, and electric, all situated in a commercial (C1) zone. Potential to expand/refine the existing business or also explore rental/redevelopment options. Prime location, in a high traffic, high visibility area, right across the bridge from the buzzing Downtown Glens Falls. Poised for growth and success.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,700 SF
Building Class
B
Year Built
1981
Price
$850,000
Price Per SF
$180.85
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.50 AC
Zoning
C1
Parking
28 Spaces (5.96 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 413400-135-008-0001-061-000-0000 | Improvements Assessment | $17,700 |
| Land Assessment | $43,900 | Total Assessment | $61,600 |
Property Taxes
Parcel Number
413400-135-008-0001-061-000-0000
Land Assessment
$43,900
Improvements Assessment
$17,700
Total Assessment
$61,600
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40 Main St
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