Sharon FronkRealtor® · Howard Hanna
LoadingSaratoga Springs, NY 12866 · Saratoga County
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 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.
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Saratoga Springs is in Saratoga County, NY. There are currently 197 active listings here, ranging from $10,000 to $9,299,000. Priced 271% above the Saratoga Springs median of $890,000.
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Julie & Co Realty LLC · Listed by Amy Farchione-Sgromo (32112)
Contact: 315-863-2777
MLS #202620820 · Source: Global MLS, Inc.
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Licensed Real Estate Salesperson · Howard Hanna
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Real numbers from current MLS data. Not a third-party estimate.
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