Gloversville, NY 12078

Est. Mortgage: $3,690/mo
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  • 10,964

10,965-square foot multi-tenant Dollar General strip situated on 1.34 acres in Gloversville, New York. Dollar General recently picked up an early extension through August 2025, with a rental escalation in September 2020. 3, 5-year renewal options remain with rental escalations in each renewal option. Under the lease, landlord has minimal obligations. Tremendous value add potential through leasing out the adjacent 1,950 sq./ft. vanilla box. Stabilized Cap rate of 7.8%. Ideal property for 1031 Exchange client

Property Details
  • $20,000.00
  • 2006
  • 201723273
Handicap access
Parking spaces: 20
Lot acreage is: 1.34
Lot zoned: Commercial
Total square feet: 10964
Courtesy of:
Berkshire Hathaway Blake
(518) 464-0870

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Address Distance Sale date Sale price
53 MCKINLEY AVE 4.76 mi. 7/1/2016 $249,900
{"markerType": "ForSale", "lat": "43.06326", "lng": "-74.33978", "Address": "370-372 NORTH MAIN ST", "City": "Gloversville", "StateProv": "NY", "ZipCode": "12078"}
{"markerType": "Sold", "lat": "42.996874", "lng": "-74.365224", "Address": "53 MCKINLEY AVE", "City": "JOHNSTOWN", "StateProv": "NY", "ZipCode": "12095"}
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The approximate monthly principal & interest payment for this property would be $3,689.65.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $38,000. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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370-372 NORTH MAIN ST, Gloversville, NY 12078 commercial offered for sale at $759,999.