40 Excelsior Ave - Storefront Retail/Residential FOR SALE


Saratoga Springs, NY 12866
$3,595,000 USD
518-248-7658
40 Excelsior Ave, Saratoga Springs, NY for Sale
$3,595,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

40 Excelsior Ave
Saratoga Springs, NY 12866


HIGHLIGHTS

  • 1.Located on the east side of town. 2. Within walking distance to town. 3. Corner lot with over 500' of frontage. 4. Versatile T-5 zoning.
  • Seller is offering a 2% co-broke fee.
  • Close proximity to I-87

OVERVIEW

Prime 1.23 acre corner lot with over 500 ' of frontage offers high visibility in a commercial/residential T-5 transition zone. This would be perfect for a multi-story commercial condo apartment building. Offers close proximity to Northway and The Racetrack, while just a stroll to Broadway. The newly developed Saratoga Greenbelt Trail is expected to bring a large increase in pedestrian traffic. Can be subdivided. Owner will considerfinancing for a qualified buyer with $1 million down at an attractive rate at half the going commercial rate for up to 5 years. Terms negotiable.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.23 AC

LAND SF

53,579 SF

ZONING

T5

APN/PARCEL ID

411501-166-029-0003-001-000-0000

ASK ABOUT THIS PROPERTY

Colleen GuarinoHoward Hanna Real Estate ServicesMore Info
518-248-7658

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Colleen GuarinoHoward Hanna Real Estate ServicesMore Info
518-248-7658

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.