43 S Western Avenue, Glens Falls, NY 12801

New - 30 Hours Ago

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Property Description

INVESTMENT OPPORTUNITY | 43 South Western Ave, Glens FallsWell-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

43 S Western Avenue | MLS# 202625898

This commercial property located at 43 S Western Avenue, Glens Falls, NY 12801 is currently listed for sale with an asking price of $499,000. Search Glens Falls real estate on blake-hitt.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Business
Basement: Yes
Basement: Unfinished
Cooling: Central Air
Heating: Forced Air
Home Style: Office
Lot Size: 0.73 Acres
Roof Type: Asphalt
Taxes: $6,812
Year Built: 1983

Feature Descriptions

Association Amenities: None
Current Use: Office
Days on Site: 1
Exterior: Brick, Vinyl Siding
Lot Dimensions: 226'x147'x213'x144'
Parcel #: 520500 309.7-10-30
Parking Total: 30
Parking Total: 30
Sewer: Public Sewer
SQFT Building Total: 2680
Water: Public

Demographics

Listed By / Shown By

Listing By

Agency Name: KW Platform
Agency Phone: 1 518-724-5800

Shown By

Agent Name: Blake Hitt
Agent Phone: (607) 434-8219
Agency Title: Timberland Properties

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