Discover an exceptional investment opportunity with this fully leased 10,000 square foot building on 0.44 acres with and Private parking lot with 16 parking spaces. The property is strategically located in the vibrant heart of Downtown Saratoga Springs. This property not only promises steady income through its current long-term tenants… Read More but also offers significant potential for future development and expansion with T6 zoning, allowing for diverse uses including multifamily redevelopment above the ground floor. The 2nd floor encompasses a 5,000/SF currently occupied by the owner, who is open to a leaseback agreement. This provides the new owner with flexibility and immediate rental income. The first floor is leased to Fat Paulie's Deli and Make a Wish both tenants have long-term leases. This property represents a unique blend of immediate income and long-term growth potential. It is an ideal acquisition for investors looking to capitalize on the thriving Saratoga Springs market, with the flexibility to adapt to evolving demand and usage trends. Whether you're interested in maintaining the current leasing structure, owner/occupant or exploring redevelopment possibilities, this building offers unparalleled opportunities for growth and profitability. Read Less
Courtesy of Amy Farchione-Sgromo (315-863-2777), Julie & Co Realty LLC.
Listing Snapshot
Days Online
56
Last Updated
Property Type
Office
Square Ft.
10,111
Lot Size
0.44 Acres
Year Built
2002
MLS Number
202620820
30 Days Snapshot Of 12866
$670k
-27%
(avg) sold price
33
-32%
homes sold
104
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Taxes
Tax Lot: 90, Annual Amount: $16,648
Basement
Basement: None
Building
Architectural Style: Office, Building Area Total: 10,111, Construction Materials: Brick, Wood Siding, Living Area: 10,111, Number Of Buildings: 1, Year Built: 2002, 2 stories
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