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50 N Main St 7,000 SF 100% Leased Retail Building Gloversville, NY 12078 $750,000 ($107.14/SF) 3.20% Cap Rate
Investment Highlights
- Soho type location
- Back yard included
- Attractive storefront
- Close proximity to the NY Thruway
Executive Summary
4,500 SF building on a 6,000 SF lot for sale. Two doors away from the Glove Theater which is currently undergoing a $2 Million restoration. The property has high ceilings, no columns, and an attractive storefront with Gateway to Adirondack National State Park, a 6,000,000 acre-park, the largest park on the east coast - great a vacation area. 'Two levels' Street plus Lower Level give you over 6,000 square feet of usable inside space. Clear span space with 14' ceiling Height .
Commercial: now leased to Fashion Guatemala Connection and Louise Goods. Fashion leather accessories.
Ideal Music Hall, Multi Gallery, Walk in Clinic.
Current being leased to single tenant - mixed martial arts studio (MMA Studio)
Leased at $2,300 Monthly Rent, new 5-year term (1st quarter 2025)
Adjoins free City Parking lot in rear.
Also for Rent $2,500 Monthly to start.
Commercial: now leased to Fashion Guatemala Connection and Louise Goods. Fashion leather accessories.
Ideal Music Hall, Multi Gallery, Walk in Clinic.
Current being leased to single tenant - mixed martial arts studio (MMA Studio)
Leased at $2,300 Monthly Rent, new 5-year term (1st quarter 2025)
Adjoins free City Parking lot in rear.
Also for Rent $2,500 Monthly to start.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,000 SF
Building Class
C
Year Built
1960
Price
$750,000
Price Per SF
$107.14
Cap Rate
3.20%
NOI
$24,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.15
Lot Size
0.14 AC
Zoning
C - Commercial
Parking
60 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
24’ on Main St
Amenities
- Signage
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 170500-149-006-0007-016-000-0000 | Improvements Assessment | $41,500 |
| Land Assessment | $9,000 | Total Assessment | $50,500 |
Property Taxes
Parcel Number
170500-149-006-0007-016-000-0000
Land Assessment
$9,000
Improvements Assessment
$41,500
Total Assessment
$50,500
Contacts
-
Creative Leasing Concepts Perry Rothenberg -
Linda
Russell
- Creative Leasing Concepts
1 of 5
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50 N Main St
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