375 Bay Rd - Medical FOR SALE


Queensbury, NY 12804
$2,799,000 USD
518-364-7789
375 Bay Rd, Queensbury, NY for Sale
$2,799,000 USD
Medical - FOR SALE
1/54
null | 8.65% Cap Rate

375 Bay Rd
Queensbury, NY 12804


HIGHLIGHTS

  • Current Income From Several Regional / Gov't Tenants To Offset Expenses
  • Potential To Expand Bldg Size w/Gov't Approvals
  • Gate Way to the Adirondacks & Short Drive to Lake George
  • Cost Segregation potential for an owner/ user

OVERVIEW

Professional building, multi-tenanted w/both medical & gov’t entities[just renewed 10 yr lease w/ ~ $300K in upgrades] to off-set monthly operating expenses. Well maintained, two story complex inside & out. Two, second level suites across from each other. Bullpen areas[one w/numerous cubicles (± 50) ready for occupancy], perimeter offices, conference rooms, kitchenettes, plenty of windows [natural light] & security features. Signage available. Potential for expansion w/gov’t approvals. #’s available to qualified buyer[s]. Cost Segregation [tax reduction] potential. Silicon Valley of the East! Region destined to become w/help of Nvidia co-founders investment at RPI.. Stabilized NOI.

FOR SALE DETAILS

PRICE

$2,799,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bay Road Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.05 AC

LAND SF

176,418 SF

ZONING

C-1

APN/PARCEL ID

523400-296.19-0001-032-000-0000

ASK ABOUT THIS PROPERTY

Julie Gibbons, CCIMSterling Real Estate GroupMore Info
518-364-7789

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Julie Gibbons, CCIMSterling Real Estate GroupMore Info
518-364-7789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.