Turnkey Retail Condo with
For Sale
$750,000
Pending
103-18 Division St, Saratoga Springs, NY 12866
Turnkey downtown storefront condo with dual entrances, private rooms, and built-in plumbing for salon or office use.
Property Size2,375 SF
Days on Market525
Property Features for 103-18 Division St
General Information
Standard status
Pending
Size
2,375 SF
Total Parking Spaces
1
Taxes and HOA fees
Annual Taxes
$6,143
Listing Agency:
Four Seasons Sothebys International Realty
(518) 580-8500
Listed By:
Andrea L Collins · License #10301222905
(413) 374-7808
Source:
Exprealty
Added: May 29, 2025
Changed: Nov 1
Last Checked: Nov 3 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Four Seasons Sothebys International Realty
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Investment Insights
Based on property information with market context.
This turnkey commercial condo is located in The Lofts at 18 Division and is offered for sale as a ready-to-operate storefront. The unit totals 2,375 SF and previously functioned as a hair salon. Plumbing and electrical are already in place for salon-style use. The layout includes front and rear entrances, three private rooms that can be used as offices, and in-floor plumbing. There are two bathrooms plus additional space for kitchen and storage.
The property is set within the downtown business district of Saratoga Springs and is configured to support walk-in customer access with convenient, separate entry points. The sale also includes one indoor parking spot on the lower level of the garage associated with the building.
The combination of a storefront setup, dual entrances, and private room configuration can fit an owner-occupant looking for a professional retail or services presence, or an investor seeking a space that can be leased to compatible tenants. With the existing plumbing and electrical infrastructure, the condo may offer a practical starting point for businesses that rely on salon or similar back-of-house needs.
The property is set within the downtown business district of Saratoga Springs and is configured to support walk-in customer access with convenient, separate entry points. The sale also includes one indoor parking spot on the lower level of the garage associated with the building.
The combination of a storefront setup, dual entrances, and private room configuration can fit an owner-occupant looking for a professional retail or services presence, or an investor seeking a space that can be leased to compatible tenants. With the existing plumbing and electrical infrastructure, the condo may offer a practical starting point for businesses that rely on salon or similar back-of-house needs.
Key Highlights
- Turnkey commercial condo in downtown Saratoga Springs’ business district in The Lofts at 18 Division
- 2,375 SF unit with both front and rear entrances for convenient walk‑in access
- Previously occupied as a hair salon; plumbing and electrical already in place for similar use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,127
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,540
$642.5K
Cap Rate 7%
$458,957
$459.0K
Cap Rate 9%
$356,967
$357.0K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$51.3K $21.60/SF
− Vacancy
−$8.5K −$3.56/SF
EGI
$42.8K $18.04/SF
− OpEx
−$10.7K −$4.51/SF
NOI
$32.1K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,540
Cap Rate 7%
$458,957
Cap Rate 9%
$356,967
Alternative Uses
Best Use
Office B
$459.0K
$401.6K – $535.5K
NOI $32,127 @ 7.0% cap · market cap 4.28%
Second Best
Retail
$409.5K
$358.4K – $477.8K
NOI $28,668 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$710.9K
$622.0K – $829.4K
NOI $49,761 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,661
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey downtown storefront condo with dual entrances, private rooms, and built-in plumbing for salon or office use.
Where is this storefront property located?
The property is located at 103-18 Division St Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Turnkey commercial condo in downtown Saratoga Springs’ business district in The Lofts at 18 Division; 2,375 SF unit with both front and rear entrances for convenient walk‑in access; Previously occupied as a hair salon; plumbing and electrical already in place for similar use
