46-56 South St
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46-56 South St
34,507 SF 100% Leased Retail Building Glens Falls, NY 12801 $1,200,000 ($35/SF)
Investment Highlights
- Excellent Downtown Location
- Redevelopment Opportunity
Executive Summary
Help usher in a new era on South Street at this redevelopment opportunity in the heart of the City of Glens Falls. This 23,688 SF building spans 3 floors and sits at the corner of South Street and Elm Street in Glens Falls. Drawings on file for a mixed use conversion with commercial storefronts and (16) 1-BR apartment units. This building is a prime candidate for potential public financial assistance through The Restore New York Communities Initiative ("Restore NY"). Favorable CCD Zoning.
Property Facts Under Contract
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
34,507 SF
Building Class
B
Year Built
1950
Price
$1,200,000
Price Per SF
$35
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
4.17
Lot Size
0.19 AC
Opportunity Zone
Yes
Zoning
Commercial - CCD Zoning
Frontage
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 520500-309-028-0002-006-000-0000 | Improvements Assessment | $432,700 |
| Land Assessment | $117,300 | Total Assessment | $550,000 |
PROPERTY TAXES
Parcel Number
520500-309-028-0002-006-000-0000
Land Assessment
$117,300
Improvements Assessment
$432,700
Total Assessment
$550,000
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46-56 South St
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