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Multi-Office Professional Building
For Sale
$1,099,000

5 Wells St, Saratoga Springs, NY 12866

Commercial Sale, Saratoga Springs, NY

Property SizeContact for details
Lot Size0.35 Acres
Days on Market612

Property Features for 5 Wells St

General Information

Property type Commercial Sale
Property subtype Other
Subdivision East New York
Standard status Active
Lot size 0.35 Acres

Building Details

Year built 1962
Flooring type Carpet
Roof type Rubber
Listing Agency: COLDWELL BANKER COMMERCIAL PRIME PROPERTIES
Listed By: Todd Curley
Added: Jan 2, 2025 Changed: Sep 4 Last Checked: Sep 6 at 6:06AM
MLS# 11552704

Copyright © 2026 My State MLS. 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.

This professional office building offers a multi-room configuration suited to a range of office operations. The interior includes 13 offices, two kitchens, a large conference room, multiple bathrooms, a media room, and additional storage. Carpet flooring is installed throughout, and the building was constructed in 1962.

The property sits near Saratoga Hospital and downtown Saratoga Springs, placing established medical and central-business destinations nearby. On-site parking includes 19 paved spaces on the 0.35-acre property. The rubber roof was replaced in 2017.

Key Highlights

  • 13‑office layout with two kitchens and a large conference room
  • 19 paved parking spaces on a 0.35‑acre property
  • Roof replacement completed in 2017

Property Analytics

Current Use

Marshall & Sterling Employee ... Insurance Agency

Suggested Use

Top Pick Storage Facility Electrical Service Veterinary Clinic Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,497
Businesses Nearby

Demographics for 12866, NY

40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Configured for professional office use with multiple private rooms, shared meeting space, kitchens, storage, and paved parking.
Where is this office building located?
The property is located at 5 Wells St Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 13‑office layout with two kitchens and a large conference room; 19 paved parking spaces on a 0.35‑acre property; Roof replacement completed in 2017
More about this property
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