Corner Lot Development
126 West Avenue Saratoga Springs, NY 12866
126 West Avenue, Saratoga Springs, NY, 12866
$800,000
For Sale
$800,000
Prime corner lot suitable for mixed-use or commercial development.
Property Size2,783 SF
Price / SF$287.46
Days on Market109
Property Features for 126 West Avenue
General Information
- Standard status
- Active
- Size
- 2,783 SF
- Property subtype
- Commercial
Listing Agency
KW PLATFORM
(518) 281-6808
Listed by
SCOTT P VARLEY · License #30VA0727304
Source
Corcoran
Added: Mar 31 Checked: Jul 17 at 3:42 am
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 KW PLATFORM
Investment Insights
Based on property information with market context.
This corner lot is located at a signalized intersection on West Ave, offering visibility and accessibility less than a mile from Broadway. The property is improved with a single-family home and has Transect 4 zoning, allowing for stand-alone retail, professional or medical offices, financial institutions, owner-occupied offices, mixed-use, or residential projects. The location is across from newly constructed senior housing, making it suitable for geriatric or support services. Approved architectural and site plans are included for a mixed-use development featuring 4,136 square feet of commercial space, a 1,122 square foot apartment, and four luxury condominiums ranging from 3,239 to 3,551 square feet. Each condominium is planned with 2-4 bedrooms, dens, private balconies, and garages. The property offers potential for reimagining the existing building or developing a modern mixed-use vision.
Key Highlights
- Approved architectural and site plans for a landmark mixed‑use development.
- Prime corner lot location at a signalized intersection on West Ave, offering outstanding visibility and accessibility.
- Highly flexible Transect 4 zoning allows for a wide variety of uses.
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
Mixed Use
$483.0K
$422.7K – $563.6K
NOI $33,813 @ 7.0% cap · market cap 4.23%
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
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Prime corner lot suitable for mixed-use or commercial development.
Where is this commercial land 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: Approved architectural and site plans for a landmark mixed‑use development.; Prime corner lot location at a signalized intersection on West Ave, offering outstanding visibility and accessibility.; Highly flexible Transect 4 zoning allows for a wide variety of uses.
