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625 Bay Road

Queensbury, NY 12804
  • $324,900
  • STATUS: Active
  • MLS #: 202218348
Price Reduced
UPDATED: 87 min ago
$324,900
  • 0
    BEDS
  • 0.65
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
2000
County:
Area:

School Information

Elementary School:
High School:
School District:

Description

Location, location, location! Professional office building in a busy and expanding area of Queensbury. With an already high volume of daily traffic, there is a growing amount of development, which can present many opportunities for investors or those looking for a great spot to set up their business or practice. Two lots are included in the sale. The second lot can allow for future expansion. The current building can be converted to residential or mixed use. So many possibilities! Current tenant has a triple net lease through 2025, bringing in guaranteed income, with no operating expenses and a 6% cap rate. Investors and business owners don't want to miss this one!

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© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-08-17T18:12:11.853.
www.518realty.com/homes/129006217
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625 Bay Road Queensbury, NY 12804

  • Price: $324,900
  • Status: Active
  • On Site: Days
  • Updated: 87 min ago
  • MLS #: 202218348
0
Beds
1
Baths
0
½ Baths
0.65
Acres
2000
Built
County:
Warren
Area:
Warren
Elementary School:
Queensbury
High School:
Queensbury Senior
School District:
Queensbury
Property Description
Location, location, location! Professional office building in a busy and expanding area of Queensbury. With an already high volume of daily traffic, there is a growing amount of development, which can present many opportunities for investors or those looking for a great spot to set up their business or practice. Two lots are included in the sale. The second lot can allow for future expansion. The current building can be converted to residential or mixed use. So many possibilities! Current tenant has a triple net lease through 2025, bringing in guaranteed income, with no operating expenses and a 6% cap rate. Investors and business owners don't want to miss this one!
Exterior Features

Architectural Style CommercialMixed UseOffice Construction Materials Vinyl Siding Lot Features LevelRoad Frontage Other Structures Shed(S) Parking Features Paved Parking Total 10.00 Roof Asphalt Stories 2 Waterfront YN No

Interior Features

Basement Crawl SpaceInterior Entry Cooling Central Air Fire Sprinkler System YN No Heating Forced AirNatural Gas

Property Features

Accessibility Features Accessible Approach With Ramp Association YN No City Town Taxing Entity Queensbury Current Use Office Enhanced Accessible YN Yes General Taxes 1487.00 General Taxes Description Actual Land Lease YN No Possible Use Apartment PlusInvestmentMedical/DentalMulti-FamilyOfficeOffice Plus Property Sub Type Office Sale Includes Building & Land School Taxes 3770.00 School Taxes Description Actual Sewer Septic Tank Special Listing Conditions Standard Tax Annual Amount 5257.00 Tenant Pays Central AirDsl InternetElectricityGasGrounds CareHeatHot WaterInternetManagementOtherSnow RemovalTelephoneTrash CollectionWater Water Source Public Zoning Mixed

Listing information © 2022 Global MLS.
Listing provided courtesy of Scott Warden of Howard Hanna:(518) 798-3636.



© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-08-17T18:12:11.853.
 
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