UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,120 sqft
Price per Sqft $30
MLS Listing ID 202526333
HOA Y/N No
Year Built 1920
Annual Tax Amount $4,879
Lot Size 4,760 Sqft
Acres 0.11
Lot Dimensions 56' x 85'
Property Sub-Type Mixed Use
Source Global MLS
Property Description
Currently producing steady cash flow, this asset also offers clear upside potential. Rents are below market, creating an opportunity to increase net operating income over time through strategic rent adjustments.
Located in the City of Gloversville, New York, the building benefits from a highly convenient setting with a city parking lot directly adjoining the property---an attractive feature for tenants and clients alike.
Ownership structure presents a unique opportunity one professional owner will retain 25% interest, while the remaining 75% ownership interest is being offered for sale. This allows an investor to step into a majority position in a stabilized income-producing property with growth potential.
A strong addition to any commercial portfolio---stable today, with room to grow tomorrow.
Location
State NY
County Fulton
Zoning Commercial
Direction Main St. in Gloversville, turn west onto Church St., The property is on the left.
Interior
Interior Features High Speed Internet, Paddle Fan, Walk-In Closet(s)
Heating Forced Air, Zoned, Natural Gas
Flooring Tile, Vinyl, Carpet
Inclusions Other, Building & Land
Exterior
Parking Features Public Parking, Paved
Roof Type Rubber
Building
Lot Description Road Frontage
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Gloversville
Others
Tax ID 149.6-5-2
Acceptable Financing Other
Listing Terms Other