$ 275,000
-
$275,000
Price -
0
Bed -
5
Bath -
9,120
SqFt
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About the Listing o1823C - 5401
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Zoned,Natural Gas
- Fireplaces:
- Floor: Tile,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other: High Speed Internet,Paddle Fan,Walk-In Closet(s)
- Water: Public
Exterior Details
- Lot Description: Road Frontage
- Garage Capacity: N/A
- Parking Spaces: 10
- Lot Dimensions: 56' x 85'
- Zoning: Commercial
- Roof: Rubber
- Others:
- Sewer: Public Sewer
- Parking Features: Public Parking,Paved
Financial Details
- Tax Amount: $4,879
- Taxes w/Assessments: N/A
- Tax/Property ID: 149.6-5-2
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
711 7-11 Church St Gloversville, NY 12078
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