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39 Hudson St 3,588 SF 100% Leased Retail Building South Glens Falls, NY 12803 $553,214 CAD ($154.18 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Spacious Salon
- Plenty of parking
- Great location
EXECUTIVE SUMMARY
Currently set up as a salon & spa, but has many other potential uses. On the main level there are 5 style stations,2 wash stations & a large reception desk/waiting area. In the back you'll find locking cupboards, plenty of counter space, utility sink and large employee/client bathroom. Head down to the spacious basement from the main level or from a separate driveway side entrance. In the basement you'll find 3 spaces (2 private) perfect for spa services (Nail tech/Facial/Massage/Etc.). One private space includes a shower & salon sink. There is a 1/2BT, laundry closet and plumbing in place for 2 pedicure chairs. Perfect for additional rent revenue. The spacious 2BR,1BT second floor apartment offers a large kitchen with island and SS appliances, formal dinning room, laundry/mudroom combo.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$54,782
|
$15.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,739
|
$0.76
|
| Effective Gross Income |
$52,043
|
$14.50
|
| Taxes |
$3,644
|
$1.02
|
| Operating Expenses |
$9,674
|
$2.70
|
| Total Expenses |
$13,318
|
$3.71
|
| Net Operating Income |
$38,725
|
$10.79
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $54,782 |
| Annual Per SF | $15.27 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,739 |
| Annual Per SF | $0.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $52,043 |
| Annual Per SF | $14.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,644 |
| Annual Per SF | $1.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,674 |
| Annual Per SF | $2.70 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,318 |
| Annual Per SF | $3.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $38,725 |
| Annual Per SF | $10.79 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,588 SF
Building Class
C
Year Built
1960
Price
$553,214 CAD
Price Per SF
$154.18 CAD
Cap Rate
7%
NOI
$38,725 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.63
Lot Size
0.13 AC
Zoning
C2 - Retail building. Establishments such as drugstore, pharmacy, stationary store. Grocery store meat or produce store. Barber/Beauty shop. Restaurant.
Parking
2 Spaces (0.56 Spaces per 1,000 SF Leased)
Frontage
25’ on Hudson St
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pretty Parlor
- -
- 2,314 SF
- -
- Full Service
- Mar 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pretty Parlor | - | 2,314 SF | - | Full Service | Mar 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 414401-037-054-0002-007-000-0000 | Total Assessment | $187,649 CAD |
| Land Assessment | $31,414 CAD | Annual Taxes | $3,644 CAD ($1.02 CAD/SF) |
| Improvements Assessment | $156,235 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
414401-037-054-0002-007-000-0000
Land Assessment
$31,414 CAD
Improvements Assessment
$156,235 CAD
Total Assessment
$187,649 CAD
Annual Taxes
$3,644 CAD ($1.02 CAD/SF)
Tax Year
2024
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39 Hudson St
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