43 S Western Avenue - Glens Falls, NY 12801
$499,000
- MLS # 202625898
- 35 days on the market
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
Property Details:
- Acres: 0.73
- Above Ground Square Feet: 2680
- Town: Glens Falls
- Property Type: Commercial
- Estimated Taxes: $6,812
- Water: Public
- Sewer: Public Sewer
- Heat: Forced Air
- Property Style: Office
- Basement: Unfinished
- Exterior: Brick, Vinyl Siding
- County: Warren
- Cooling: Central Air
- Parking Spaces: 30
- Zoning: Commercial
- Units: 2680
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On our first vacation to Lake George, we just fell in love with the lake and the lifestyle. We stopped to pick up some literature on the real estate around the lake and by chance we met our wonderful Realtor Holly Dansbury. Over the course of 3 years, Holly kindly and patiently kept us on her list of people with an interest in the area. She kept us informed of the new listings and on the market. After three years of casually looking, Holly helped us find our perfect Lake George house. It was everything we wanted. Holly was so on top of the listings and of our interest that we were able to put our offer in right away to snatch the house of our dreams. Through the entire process, Holly was there for us professionally and at a personal level. Even now, 7 months after we’ve closed, Holly continues to keep in touch and always is so kind to offer her assistance in any way we need. This has been so important and helpful to us because we live 5 hours away. Our experience with Holly has been wonderful. We consider her our Realtor but even better…our Friend!