Sharon FronkRealtor® · Howard Hanna
LoadingGloversville, NY 12078 · Fulton County
This is a mixed use commercial building in Gloversville, within the Gloversville school district, about 9,120 square feet on a 0.11 acre lot, built in 1920. The remarks describe an executive office building with seven professional suites and steady income, noting rents below market as upside potential. The listing highlights a city parking lot adjoining the property. Per the remarks, one owner retains a 25% interest while the remaining 75% is offered for sale. There is no HOA, listed at $275,000.
Well-maintained executive office building offering seven professional suites and solid reliable income. The property has been consistently cared for and presents a clean, professional image ideal for long-term tenancy. Currently producing steady cash flow, this asset also offers clear upside potential. Rents are below market, creating an opportunity to increase net operating income over time through strategic rent adjustments. Located in the City of Gloversville, New York, the building benefits from a highly convenient setting with a city parking lot directly adjoining the property---an attractive feature for tenants and clients alike. Ownership structure presents a unique opportunity one professional owner will retain 25% interest, while the remaining 75% ownership interest is being offered for sale. This allows an investor to step into a majority position in a stabilized income-producing property with growth potential. A strong addition to any commercial portfolio---stable today, with room to grow tomorrow.
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Gloversville is in Fulton County, NY. There are currently 97 active listings here, ranging from $15,000 to $1,300,000. Listings in this address fall under the Gloversville school district. Priced 45% above the Gloversville median of $189,900.
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Krutz Properties, LLC · Listed by Virginia M Mackey (5401)
Contact: 518-221-4340
MLS #202526333 · Source: Global MLS, Inc.
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Real numbers from current MLS data. Not a third-party estimate.
Every change captured by Global MLS since this listing went live.
