Sharon FronkRealtor® · Howard Hanna
LoadingGloversville, NY 12078 · Fulton County
This is a downtown Gloversville commercial redevelopment opportunity in Fulton County, listed as roughly 36,494 square feet across what the remarks describe as a historic three-building former bank within a designated Opportunity Zone. The seller states a secured $750,000 redevelopment grant is in place. Original features noted include a bank vault, safety deposit boxes, high ceilings, a mezzanine, and a skylight, with one portion already renovated into office space. The remarks list flexible reuse options subject to municipal approvals, and note the building needs exterior work to portions of the facade and flat roof.
Downtown Gloversville Redevelopment Opportunity - $750K Grant Secured 12-24 N Main St, Gloversville, NY Exceptional opportunity to acquire a historic three-building commercial property in the heart of downtown Gloversville, located within a designated Opportunity Zone and offered with a secured $750,000 redevelopment grant already in place. Formerly operating as a bank, the property retains original architectural features including a bank vault, safety deposit boxes, soaring ceilings, mezzanine level, skylight, and expansive open interior spaces suitable for a variety of adaptive reuse opportunities. A portion of the property has already been renovated into professional office space, providing immediate usability and potential income generation while future redevelopment phases are completed. The main building offers dramatic open space with abundant natural light, classic architectural character, and flexible layout options suitable for restaurant, brewery, event venue, mixed-use development, apartments, co-working space, office use, or residential conversion, subject to municipal approvals. The secured $750,000 grant provides immediate financial support toward redevelopment costs, improving project feasibility and reducing overall acquisition basis. Additional incentives may also be available through Opportunity Zone tax benefits and local redevelopment programs. Property requires exterior improvements including portions of the façade and flat roof, presenting a value-add opportunity for investors and developers seeking a large-scale adaptive reuse project with significant upside potential. Rare opportunity to acquire a landmark downtown property with substantial financial support already secured. Property brochure available upon request.
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Gloversville is in Fulton County, NY. There are currently 89 active listings here, ranging from $15,000 to $1,300,000. Priced 79% above the Gloversville median of $195,000.
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Wolf River Real Estate, LLC · Listed by Angela Gonyo (24164)
Contact: 518-390-7059
MLS #202616808 · Source: Global MLS, Inc.
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