(Credit: Gordon Woodworth, Steve Thurston, 2022)
The Aeon Nexus Building is for sale, $875,000. It sits between Rude Betty and Coldwell Banker.
Another building on Glen Street is on the market.
174 Glen Street, the former downtown Glens Falls office space of Aeon Nexus, is listed for sale for $875,000.
The three-story, 8,740-square-foot building includes 2,100 square feet of retail space on the first floor, and 6,640 square feet of renovated office space on the second and third floor.
The building, which once housed the Russell & Wait office supplies store, also has a private lounge in the basement, and a roof deck that looks out to West Mountain.
Michael McGovern, associate broker for NAI Platform, is the listing agent.
The listing says: “Beautiful high-end, cutting-edge renovation of Class A office building in the heart of downtown Glens Falls. Roof deck and private lounge on the lower level. Retail space or expanded office on the first floor. Municipal parking in the rear of the building.”
The building has been vacant for several years. It opened with much fanfare after Omar Usmani, now Chief Executive Officer for Aeon Nexus, bought it for $300,000 in January 2009.
Aeon Nexus received $145,000 from Empire State Development (ESD) to renovate the building. It also received a grant from National Grid. The building upgrades included high-tech security features.
Aeon Nexus is a software supplier to governments and private firms with a focus on customer relationship management software, their website says.
While Usmani boasted that the building would employ up to two dozen workers onsite, that never materialized. In fact, Aeon Nexus claimed it had 14 employees in the building, but ESD didn’t accept their claims, and the company was ordered to pay back $29,000 of the loan.
Usmani, who co-chaired the Glens Falls Downtown Revitalization Initiative Committee that helped decide how to spend $10-million in New York State DRI funding, has apparently relocated to Los Angeles, California, according to his LinkedIn account.
The listed owner in Glens Falls city records is 174 Glen St. LLC. It’s unclear if Mr. Usmani still owns the building.
The City lists the full-market value of the property at $608,000. Taxes are estimated at $14,933 annually. The listing does not include any parking, but does note there is a small municipal lot behind the building.
McGovern, the listing agent, had not responded to a request for comment by press time.
The building listing comes on the heels of Elizabeth Miller's recent purchase of 126 Glen Street for $845,000.
[Read more about Miller's purchase here; about Glens Falls here; about the DRI here.]