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108-114 Congress St 4,228 SF 100% Leased Retail Building Saratoga Springs, NY 12866 $2,445,030 CAD ($578.29 CAD/SF)
Executive Summary
A high-visibility corner just off Broadway -- and a building already doing the work. This 0.30-acre commercial parcel in the heart of
Saratoga Springs includes a 4,228 sq ft mixed-use building currently home to one of the city's most successful food and beverage establishments. The
second floor is available for lease as office or residential space, adding immediate additional income potential to an already performing asset. The
development story here is equally compelling. Zoned mixed-use with a 50-foot height allowance, the potential for residential, commercial, or a combination
of both -- the zoning supports the vision. Walking distance to Broadway, anchored by an operating tenant, and carrying the kind of visibility and foot traffic
that downtown Saratoga commands. A redevelopment concept is available --
Saratoga Springs includes a 4,228 sq ft mixed-use building currently home to one of the city's most successful food and beverage establishments. The
second floor is available for lease as office or residential space, adding immediate additional income potential to an already performing asset. The
development story here is equally compelling. Zoned mixed-use with a 50-foot height allowance, the potential for residential, commercial, or a combination
of both -- the zoning supports the vision. Walking distance to Broadway, anchored by an operating tenant, and carrying the kind of visibility and foot traffic
that downtown Saratoga commands. A redevelopment concept is available --
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,228 SF
Building Class
B
Year Built
2005
Price
$2,445,030 CAD
Price Per SF
$578.29 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.30 AC
Zoning
mixed - A high-visibility corner just off Broadway -- and a building already doing the work. This 0.30-acre commercial parcel in the heart of Saratoga Spring
Parking
10 Spaces (2.37 Spaces per 1,000 SF Leased)
Frontage
161’ on Congress
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 411501-165-066-0002-109-000-0000 | Improvements Assessment | $318,042 CAD |
| Land Assessment | $134,943 CAD | Total Assessment | $452,985 CAD |
Property Taxes
Parcel Number
411501-165-066-0002-109-000-0000
Land Assessment
$134,943 CAD
Improvements Assessment
$318,042 CAD
Total Assessment
$452,985 CAD
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108-114 Congress St
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