Mixed-Use Development Corner
126 West Avenue Saratoga Springs, NY 12866
126 West Avenue, Saratoga Springs, NY, 12866
$800,000
Pending
For Sale
$800,000
Pending
COMMERCIAL - Other - Saratoga Springs, NY
Property Size2,783 SF
Lot Size0.54 Acres
Days on Market109
Property Features for 126 West Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed
- Parking
- 20
- Parking features
- Off Street
- Standard status
- Pending
- APN
- Parcel Number:
- Size
- 2,783 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8952
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Building materials
- Frame
- 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: Mar 31 Checked: Jul 17 at 6:06 pm
MLS# 202614155
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.
A mixed-use development site offered for sale at a signalized intersection, currently improved with a single-family home. The property is positioned on a 0.54-acre corner lot and may be renovated and expanded, or cleared for new development. The Transect 4 zoning is described as highly flexible, supporting a wide variety of uses, including stand-alone retail, professional or medical offices, financial institutions, owner-occupied offices, mixed-use, or residential projects.
The site is located on West Avenue in Saratoga Springs, less than a mile from Broadway, with approximately 15,000 AADT cited for the intersection. The property is across from newly constructed senior housing. Approved architectural and site plans are in place for a landmark mixed-use development that totals 4,136 square feet of commercial space, 1,122 square feet of apartment space, and four luxury condominiums ranging from 3,239 to 3,551 square feet each.
For buyers or developers, the combination of shovel-ready planning, signalized corner visibility, and Transect 4 flexibility supports a range of end uses, including retail, office, and residential components. The existing structure provides an option to adapt and re-use, while the approvals support a coordinated path toward a mixed-use buildout.
The site is located on West Avenue in Saratoga Springs, less than a mile from Broadway, with approximately 15,000 AADT cited for the intersection. The property is across from newly constructed senior housing. Approved architectural and site plans are in place for a landmark mixed-use development that totals 4,136 square feet of commercial space, 1,122 square feet of apartment space, and four luxury condominiums ranging from 3,239 to 3,551 square feet each.
For buyers or developers, the combination of shovel-ready planning, signalized corner visibility, and Transect 4 flexibility supports a range of end uses, including retail, office, and residential components. The existing structure provides an option to adapt and re-use, while the approvals support a coordinated path toward a mixed-use buildout.
Key Highlights
- Corner lot at a signalized intersection on West Ave with approx. 15,000 AADT traffic count
- Single‑family home onsite; options include renovate/expand or clear for new development
- Transect 4 zoning allows a wide variety of uses, including stand‑alone retail, offices (professional/medical/financial), mixed‑use, and residential projects
Local Financial Insights For Office B
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 | $60.1k | $21.60 |
| − Vacancy | −$9.9k | −$3.56 |
| EGI | $50.2k | $18.04 |
| − OpEx | −$12.5k | −$4.51 |
| NOI | $37.6k | $13.53 |
2,783 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$537.8K
$470.6K – $627.4K
NOI $37,646 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$527.9K
$461.9K – $615.9K
NOI $36,952 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$833.0K
$728.9K – $971.8K
NOI $58,309 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Signalized corner lot with flexible zoning and approved mixed-use plans for retail, apartments, and condominiums.
Where is this mixed-use property located?
The property is located at 126 West Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Corner lot at a signalized intersection on West Ave with approx. 15,000 AADT traffic count; Single‑family home onsite; options include renovate/expand or clear for new development; Transect 4 zoning allows a wide variety of uses, including stand‑alone retail, offices (professional/medical/financial), mixed‑use, and residential projects
