Saratoga Springs Mixed-Use
108/114 Congress Street Saratoga Springs, NY 12866
108/114 Congress Street, Saratoga Springs, NY, 12866
$1,750,000
For Sale
$1,750,000
COMMERCIAL - Other - Saratoga Springs, NY
Property Size4,228 SF
Lot Size0.30 Acres
Price / SF$413.91
Days on Market50
Property Features for 108/114 Congress Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking
- 10
- Parking features
- Off Street
- Security features
- Security System
- Patio and Porch features
- Porch
- Interior features
- Ceramic Tile Bath
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 411501 165.66-2-109
- Size
- 4,228 SF
- Lot size
- 0.30 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6705
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Zoned, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2005
- Floors in Building
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Fiber Cement
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
KW Platform
(518) 281-6808
382 Broadway, Latham, NY
Listed by
Scott P Varley · License #30VA0727304
(518) 281-6808
Added: May 29 Checked: Jul 17 at 6:06 pm
MLS# 202618410
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located just off Broadway in Saratoga Springs, this 0.30-acre commercial parcel features a 4,228 sq ft mixed-use building. The property is currently home to a successful food and beverage establishment. The second floor is available for lease as office or residential space, offering additional income potential. Zoned mixed-use with a 50-foot height allowance, the property offers redevelopment potential for residential, commercial, or a combination of both. The location provides high visibility and foot traffic, being within walking distance of Broadway. A redevelopment concept is available.
Key Highlights
- High‑visibility corner location just off Broadway in Saratoga Springs.
- Mixed‑use building with an operating, successful food and beverage tenant.
- Second floor available for lease as office or residential space, providing immediate income potential.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.3k | $21.60 |
| − Vacancy | −$3.8k | −$0.91 |
| EGI | $87.5k | $20.69 |
| − OpEx | −$21.9k | −$5.17 |
| NOI | $65.6k | $15.52 |
4,228 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$937.4K
$820.2K – $1.09M
NOI $65,617 @ 7.0% cap · market cap 3.75%
Second Best
Mixed Use
$733.9K
$642.1K – $856.2K
NOI $51,370 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,585 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - High-visibility corner property with income potential in Saratoga Springs.
Where is this mixed-use property located?
The property is located at 108/114 Congress Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High‑visibility corner location just off Broadway in Saratoga Springs.; Mixed‑use building with an operating, successful food and beverage tenant.; Second floor available for lease as office or residential space, providing immediate income potential.
