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Listed by Hunter Cline • KW Platform
$ 499,000
Est. payment /mo
New
43 S Western Avenue Glens Falls, NY 12801
2 Baths
2,680 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,680 sqft
Price per Sqft $186
MLS Listing ID 202625898
HOA Y/N No
Year Built 1983
Annual Tax Amount $6,812
Lot Size 0.728 Acres
Acres 0.73
Lot Dimensions 226'x147'x213'x144'
Property Sub-Type Business
Source Global MLS
Property Description
INVESTMENT OPPORTUNITY | 43 South Western Ave, Glens Falls
Well-positioned commercial investment opportunity featuring a 2,680± SF building on 0.73 acres in Glens Falls. The property is currently occupied by an established medical practice that has been in operation for approximately 14 years and is secured by a signed five-year lease through May 31, 2031.
The property provides $50,400 in annual base rental income under a Triple Net (NNN) lease structure. The tenant is responsible for all repairs, utilities, and real property taxes. The lease provides an additional five-year renewal option at an increased rate, providing additional long-term potential.
The building underwent a full interior renovation in 2018 and features an asphalt roof approximately nine years old, forced-air heating, central cooling, and 30 parking spaces. The property offers a quiet setting while remaining conveniently located just minutes from major roads and highway access.
An attractive opportunity for an investor seeking stable commercial income, an established tenant, NNN lease structure, and long-term occupancy potential. Cap Rate: [10.1%]. Additional details available upon request.
Showings are subject to tenant availability and advance notice.
*Agent is owner
Well-positioned commercial investment opportunity featuring a 2,680± SF building on 0.73 acres in Glens Falls. The property is currently occupied by an established medical practice that has been in operation for approximately 14 years and is secured by a signed five-year lease through May 31, 2031.
The property provides $50,400 in annual base rental income under a Triple Net (NNN) lease structure. The tenant is responsible for all repairs, utilities, and real property taxes. The lease provides an additional five-year renewal option at an increased rate, providing additional long-term potential.
The building underwent a full interior renovation in 2018 and features an asphalt roof approximately nine years old, forced-air heating, central cooling, and 30 parking spaces. The property offers a quiet setting while remaining conveniently located just minutes from major roads and highway access.
An attractive opportunity for an investor seeking stable commercial income, an established tenant, NNN lease structure, and long-term occupancy potential. Cap Rate: [10.1%]. Additional details available upon request.
Showings are subject to tenant availability and advance notice.
*Agent is owner
Location
State NY
County Warren
Zoning Commercial
Direction Exit 18 on 87. East on Main street, left on S Western Ave, building is on right.
Interior
Heating Forced Air
Exterior
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Architectural Style Office
New Construction No
Others
Tax ID 520500 309.7-10-30
