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    40 Excelsior Ave Saratoga Springs, NY 12866

    For Sale
    $3,595,000

    COMMERCIAL - Other - Saratoga Springs, NY

    Type:Retail
    Property size:
    8,299 SF
    Lot size:
    1.20 Acres
    Days on Market:
    110
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 40 Excelsior Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2
    Bathrooms
    4
    APN
    411501 166.29-3-1.1
    Parking
    40
    Parking features
    Off Street
    Size
    8,299 SF
    Lot size
    1.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1974
    Flooring type
    Concrete, Tile
    Building materials
    Block, Vinyl Siding
    Roof type
    Rubber, Asphalt
    Architectural style
    Other

    Howard Hanna Real Estate Services (518) 348-7100 [email protected]

    Listing agent Colleen Guarino (518) 248-7658 License #40GU0798369

    Listing date Aug 21, 2025

    Copyright © 2025 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.

    Overview

    Prime Corner Lot For Sale

    This 1.23-acre corner lot, located in a commercial/residential T-5 transition zone, offers high visibility with over 500 feet of frontage. The property is positioned in close proximity to the Northway and the Racetrack, and is within walking distance of Broadway. The newly developed Saratoga Greenbelt Trail is expected to increase pedestrian traffic in the area. The seller is offering financing at half the commercial rate for up to 5 years for a qualified buyer, with a million dollars down and negotiated terms. The property is suitable for a multi-story commercial condo apartment building and can be subdivided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bardino Motors Used Car Dealer Saranade's Gift Shop Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.775166
    Latitude
    43.089045

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    FAQs

    What type of property is this?
    Commercial land - 1.23 acre corner lot in Saratoga Springs, NY.
    Where is this commercial land located?
    The property is located at 40 Excelsior Ave Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $3,595,000.
    What are key features of this property?
    This property features: - Seller financing available at half the commercial rate (up to 5 years with qualified buyer); - **Prime 1.23 acre corner lot with high visibility and over 500' of frontage**; - Located in a commercial/residential T-5 transition zone, ideal for multi-story development
    (518) 248-7658
    Request Owner's contact information
    40 Excelsior Ave Saratoga Springs, NY 12866
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    Saratoga Springs, NY 12866
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Excelsior Ave Saratoga Springs, NY 12866
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