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The Colvin Building 206 Glen St 29,250 SF 100% Leased Office Building Glens Falls, NY 12801 $1,389,900 CAD ($47.52 CAD/SF) 7.82% Cap Rate



Executive Summary
The Colvin Building. A rare opportunity to acquire one of downtown Glens Falls' most substantial commercial buildings - 29,250 SF across five levels with an established tenant base, strong infrastructure, and exceptional repositioning upside. Whether you're an investor looking for immediate cash flow or a developer with a vision for adaptive reuse, 206 Glen Street offers multiple paths to value creation at a basis of approximately $34 per square foot. The building features 400+ amp 3-phase electrical service, a full sprinkler system throughout, public water and sewer, natural gas, and prominent storefront presence on the main commercial corridor of downtown Glens Falls. Constructed in 1903 by Addison Beecher Colvin, founder of The Glens Falls Daily Times. Over a century later, it remains one of the most iconic structures on Glen Street, and it's positioned to thrive in its next chapter.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
29,250 SF
Building Class
B
Year Built
1960
Price
$1,389,900 CAD
Price Per SF
$47.52 CAD
Cap Rate
7.82%
NOI
$108,746 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
7,020 SF
Building FAR
4.24
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CCD - The Central Commercial District is to provide a high-density commercial area in downtown Glens Falls.
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 520500-302-020-0028-006-000-0000 | Improvements Assessment | $2,184,367 CAD |
| Land Assessment | $146,634 CAD | Total Assessment | $2,331,001 CAD |
Property Taxes
Parcel Number
520500-302-020-0028-006-000-0000
Land Assessment
$146,634 CAD
Improvements Assessment
$2,184,367 CAD
Total Assessment
$2,331,001 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Colvin Building | 206 Glen St
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