Mixed-Use Building in Saratoga
120 W Ave Saratoga Springs, NY
For Sale
Contact for pricing
Class A building with offices, coffee shop, and gym.
Property Size18,075 SF
Lot Size0.73 Acres
Price / SF$171.51
Days on Market481
Property Features for 120 W Ave
General Information
- Standard status
- Active
- Size
- 18,075 SF
- Lot size
- 0.73 Acres
- Property subtype
- OFFICE
Listing Agency:
Roohan Realty
(518) 527-3564
Listed By:
Amy Sutton · License #30SU0496141
(518) 527-3564
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:15AM
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 Roohan Realty
Investment Insights
Based on property information with market context.
This Class A mixed-use building in Saratoga Springs offers an investment opportunity. The property features 25 offices, along with 2 conference rooms. A coffee shop with a drive-thru is located within the building, as well as a gym. The building is situated in a visible and rapidly growing area. On-site parking is available, and the property includes 6 indoor, heated garage spaces. The property size is 18075 square feet.
Key Highlights
- Class A mixed‑use building in Saratoga Springs.
- Features 25 offices, 2 conference rooms, coffee shop with drive‑thru, and gym.
- Located in a highly visible, fast‑growing area.
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 | $390.4k | $21.60 |
| − Vacancy | −$16.4k | −$0.91 |
| EGI | $374.0k | $20.69 |
| − OpEx | −$93.5k | −$5.17 |
| NOI | $280.5k | $15.52 |
18,075 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,517 @ 7.0% cap · market cap 9.05%
Second Best
Office B
$3.49M
$3.06M – $4.08M
NOI $244,501 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$5.41M
$4.73M – $6.31M
NOI $378,707 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - Class A building with offices, coffee shop, and gym.
Where is this office building located?
The property is located at 120 W Ave Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Class A mixed‑use building in Saratoga Springs.; Features 25 offices, 2 conference rooms, coffee shop with drive‑thru, and gym.; Located in a highly visible, fast‑growing area.
