$275,000
Gloversville, NY 12078
MLS# 202526333
5 baths | 9120 sqft
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Property Description
Well-maintained executive office building offering seven professional suites and solid reliable income. The property has been consistently cared for and presents a clean, professional image ideal for long-term tenancy. Currently producing steady cash flow, this asset also offers clear upside potential. Rents are below market, creating an opportunity to increase net operating income over time through strategic rent adjustments. Located in the City of Gloversville, New York, the building benefits from a highly convenient setting with a city parking lot directly adjoining the property---an attractive feature for tenants and clients alike. Ownership structure presents a unique opportunity one professional owner will retain 25% interest, while the remaining 75% ownership interest is being offered for sale. This allows an investor to step into a majority position in a stabilized income-producing property with growth potential. A strong addition to any commercial portfolio---stable today, with room to grow tomorrow.
Details
Maps
Contract Information
Status: Active
Property Sub Type: Mixed Use
Original List Price: 275000
List Price: $275,000
Listing Contract Date: 2025-09-22
Current Price: $275,000
List Price/SqFt: 30.15
List Price/Acres: 2500000
Location
Street Number: 7-11
Street Name: Church
Street Suffix: Street
County: Fulton
State/Province: NY
Postal Code: 12078
City/Town (Mail): Gloversville
Cross Street: N. Main St.
Geo Lat: 43.051286
Geo Lon: -74.34579
Property Detail
Year Built: 1920
Stories: 2
Number Of Buildings: 1
Bathrooms Total: 5
Business Name: Wayne S. Harrison and others
Lot Size Square Feet: 4760
Zoning: Commercial
Lot Size Dimensions: 56' x 85'
Lot Size Acres: 0.11
Building Area Total: 9120
Building Available SQFT: 9120
Main Road Frontage: 85
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Parking Y/N: Yes
Financial Details
Full Market Assessment: 133929
Tax Assessed Value: 93000
General Taxes: 808
General Taxes Description: Actual
School Taxes: 2262
School Taxes Description: Actual
Village Taxes: 1808
Village Taxes Description: Estimated
Seller Financing: No
Building Detail
Fire Sprinkler System Y/N: Yes
Photos - the contractual owner of the photos
Photo Owner: Broker
Parking Features
Parking Total: 10
Status Change Info
Status Change Date: 2025-09-22
Property Features
Architectural Style: Mixed Use
Basement: Full
Construction Materials: Block; Vinyl Siding; Other
Cooling: Other
Current Use: Mixed Use; Office
Business Type: Mixed
Electric: Circuit Breakers
Flooring: Carpet; Tile; Vinyl
Heating: Forced Air; Natural Gas; Zoned
Interior Features: High Speed Internet; Paddle Fan; Walk-In Closet(s)
Listing Terms: Other
Lot Features: Road Frontage
Parking Features: Paved; Public Parking
Possible Use: Business; Mixed; Office; Office Plus; Office/Retail; Other; Fitness/Gym; Medical/Dental
Roof: Rubber
Sale Includes: Building & Land; Other
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; Occupied; Sign on Property
Tenant Pays: Other
Water Source: Public
Listing Courtesy of Krutz Properties LLC
Listing Agent: Virginia M Mackey
518-221-4340 | vmackeyrealtor@yahoo.com
518-221-4340 | vmackeyrealtor@yahoo.com
