Description
Downtown Glens Falls Mixed-Use Investment Opportunity Welcome to 62 Lawrence Street, a well-maintained 5-unit mixed-use property ideally situated in the heart of downtown Glens Falls. Featuring two storefronts and three apartments, this property offers reliable income and strong potential for future growth. Four of the five units have been thoughtfully updated with new flooring, fixtures, paint, and mechanical systems. Current rents remain below market, providing room for a 10-15% increase upon renewal. Located near The Shirt Factory and the Glens Falls Art Trail, this property benefits from strong pedestrian traffic and proximity to restaurants, galleries, and community attractions. It embodies the city's ongoing downtown revitalization, offering investors dependable income, value-add potential, and pride of ownership in one of Glens Falls' most vibrant neighborhoods. Must be sold as a package with 55 Lawrence Street (MLS# 202528751) for $690,000.
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3BEDS
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0.11ACRES
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5BATHS
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01/2 BATHS
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3,500SQFT
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$109$/SQFT
Description
Downtown Glens Falls Mixed-Use Investment Opportunity Welcome to 62 Lawrence Street, a well-maintained 5-unit mixed-use property ideally situated in the heart of downtown Glens Falls. Featuring two storefronts and three apartments, this property offers reliable income and strong potential for future growth. Four of the five units have been thoughtfully updated with new flooring, fixtures, paint, and mechanical systems. Current rents remain below market, providing room for a 10-15% increase upon renewal. Located near The Shirt Factory and the Glens Falls Art Trail, this property benefits from strong pedestrian traffic and proximity to restaurants, galleries, and community attractions. It embodies the city's ongoing downtown revitalization, offering investors dependable income, value-add potential, and pride of ownership in one of Glens Falls' most vibrant neighborhoods. Must be sold as a package with 55 Lawrence Street (MLS# 202528751) for $690,000.
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