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Listed by Amy Farchione-Sgromo • Julie & Co Realty LLC
$ 3,300,000
Est. payment /mo
New
92 Congress Street Saratoga Springs, NY 12866
5 Baths
10,111 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 10,111 sqft
Price per Sqft $326
MLS Listing ID 202620820
Year Built 2002
Annual Tax Amount $16,648
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 120x161
Property Sub-Type Office
Source Global MLS
Property Description
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.
Location
State NY
County Saratoga
Zoning Commercial
Direction Broadway Downtown Saratoga Springs to Congress St.
Interior
Heating Forced Air
Inclusions Building & Land
Exterior
Parking Features Off Street, Paved, Private
Roof Type Metal
Building
Lot Description Level, Landscaped
Sewer Public Sewer
Water Public
Architectural Style Office
New Construction No
Others
Tax ID 411501 165.66-2-90
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