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62 Lawrence St
Glens Falls, NY 12801
Retail Property For Sale

EXECUTIVE SUMMARY
Downtown Glens Falls Mixed-Use Investment Portfolio - $690,000 An exceptional opportunity to own two well-maintained mixed-use
buildings in the heart of downtown Glens Falls, offering a total of nine income-producing units—four storefronts and five apartments—with strong rental
history and future growth potential. Located at 55 and 62 Lawrence Street, these properties have seen significant updates, including improvements to
mechanical systems, finishes, paint, and storefronts. Most units have been renovated, while current rents remain below market, creating immediate potential
for 10-15% increases upon renewal. Positioned just steps from The Shirt Factory, the Glens Falls Art Trail, and the city's thriving restaurant and
entertainment scene, this portfolio benefits from excellent street visibility, strong pedestrian traffic, and ample community energy. These properties embody
the downtown Glens Falls revitalization, offering investors a rare blend of stability, value-add potential, and pride of ownership in one of the Capital Region's
most dynamic small cities. Package includes 55 Lawrence Street (4 units) and 62 Lawrence Street (5 units) - offered together for $690,000.
Agent to Agent Remarks: 55 Lawrence St 4 unit - 2 storefront, 2 apartments Storefront 1: $600/month Storefront 2: $600/month Apartment 1:
$1,050/month Apartment 2: $1,050/month 62 Lawrence St 5 units - 2 storefront, 3 apartments Suite 1: $500/month Suite 2: $500/month Apartment
buildings in the heart of downtown Glens Falls, offering a total of nine income-producing units—four storefronts and five apartments—with strong rental
history and future growth potential. Located at 55 and 62 Lawrence Street, these properties have seen significant updates, including improvements to
mechanical systems, finishes, paint, and storefronts. Most units have been renovated, while current rents remain below market, creating immediate potential
for 10-15% increases upon renewal. Positioned just steps from The Shirt Factory, the Glens Falls Art Trail, and the city's thriving restaurant and
entertainment scene, this portfolio benefits from excellent street visibility, strong pedestrian traffic, and ample community energy. These properties embody
the downtown Glens Falls revitalization, offering investors a rare blend of stability, value-add potential, and pride of ownership in one of the Capital Region's
most dynamic small cities. Package includes 55 Lawrence Street (4 units) and 62 Lawrence Street (5 units) - offered together for $690,000.
Agent to Agent Remarks: 55 Lawrence St 4 unit - 2 storefront, 2 apartments Storefront 1: $600/month Storefront 2: $600/month Apartment 1:
$1,050/month Apartment 2: $1,050/month 62 Lawrence St 5 units - 2 storefront, 3 apartments Suite 1: $500/month Suite 2: $500/month Apartment
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1950
Price
$953,925 CAD
Price Per SF
$238.48 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.57
Lot Size
0.16 AC
Zoning
06 - mixed
Frontage
46’ on Lawrence St
PROPERTY TAXES
| Parcel Number | 520500-303-017-0003-015-000-0000 | Improvements Assessment | $415,458 CAD |
| Land Assessment | $47,096 CAD | Total Assessment | $462,554 CAD |
PROPERTY TAXES
Parcel Number
520500-303-017-0003-015-000-0000
Land Assessment
$47,096 CAD
Improvements Assessment
$415,458 CAD
Total Assessment
$462,554 CAD
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