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55 Lawrence St
Glens Falls, NY 12801
Retail Property For Sale
EXECUTIVE SUMMARY
: Prime Downtown Glens Falls Mixed-Use Investment Discover a well-maintained 4-unit property in the heart of downtown Glens Falls
featuring 2 storefronts and 2 apartments with strong rental income and growth potential. Three of the four units have been recently renovated, with updates
to mechanicals, finishes, and storefronts. There is additional opportunity for modest rent increases in line with current market rates. Boasting excellent street
frontage and heavy pedestrian and vehicle exposure, this property sits in the vibrant center of Glens Falls' ongoing revitalization—surrounded by local art,
culture, dining, and entertainment. Dependable income, solid updates, and an unbeatable location make this property an ideal choice for investors seeking
both stability and long-term value. Walk the blocks, feel the neighborhood energy, and see why Glens Falls continues to attract both locals and newcomers
alike.
featuring 2 storefronts and 2 apartments with strong rental income and growth potential. Three of the four units have been recently renovated, with updates
to mechanicals, finishes, and storefronts. There is additional opportunity for modest rent increases in line with current market rates. Boasting excellent street
frontage and heavy pedestrian and vehicle exposure, this property sits in the vibrant center of Glens Falls' ongoing revitalization—surrounded by local art,
culture, dining, and entertainment. Dependable income, solid updates, and an unbeatable location make this property an ideal choice for investors seeking
both stability and long-term value. Walk the blocks, feel the neighborhood energy, and see why Glens Falls continues to attract both locals and newcomers
alike.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,888 SF
Building Class
B
Year Built
1950
Price
$428,575 CAD
Price Per SF
$148.40 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.47
Lot Size
0.04 AC
Frontage
51’ on Lawrence St
PROPERTY TAXES
| Parcel Number | 520500-303-017-0012-006-000-0000 | Improvements Assessment | $322,914 CAD |
| Land Assessment | $17,760 CAD | Total Assessment | $340,674 CAD |
PROPERTY TAXES
Parcel Number
520500-303-017-0012-006-000-0000
Land Assessment
$17,760 CAD
Improvements Assessment
$322,914 CAD
Total Assessment
$340,674 CAD
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