$349,999
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.
202616808
MLS
12-24 N Main Street