Freestanding Gas
For Sale
Contact for pricing
1288 Saratoga Rd, Gansevoort, NY 12831
Freestanding gas station building deed restricted for gas, convenience items, and auto parts
Property Size1,500 SF
Price / SF$433.33
Days on Market1011
Property Features for 1288 Saratoga Rd
General Information
Standard status
Active
Size
1,500 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Albany
(518) 810-6622
Listed By:
April Mcfee · License #NY 10401284444
(518) 810-6622
Source:
Moodyscre
Added: Oct 26, 2023
Changed: Jul 30
Last Checked: Jul 31 at 7:58AM
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 Cushman & Wakefield | Pyramid Brokerage - Albany
Investment Insights
Based on property information with market context.
Freestanding building suited for gas and convenience retail with deed restrictions covering gas and convenience items, including food or food products, dairy products, and beer or wine or other alcoholic beverages for consumption off the premise, as well as auto parts.
The property is located on Route 9 very close to the Route 87 exit, supporting drive-by and convenient access for customers traveling in the area.
With approximately 1,500 SF of space, the building provides a compact footprint for a variety of retail and service configurations consistent with the deed restrictions.
The property is located on Route 9 very close to the Route 87 exit, supporting drive-by and convenient access for customers traveling in the area.
With approximately 1,500 SF of space, the building provides a compact footprint for a variety of retail and service configurations consistent with the deed restrictions.
Key Highlights
- Deed restricted for gas and convenience items including food, dairy, and beer or wine for off‑premise consumption
- Deed restricted to include auto parts
- Freestanding building on Route 9 very close to the Route 87 exit
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 | $32.4k | $21.60 |
| − Vacancy | −$1.4k | −$0.91 |
| EGI | $31.0k | $20.69 |
| − OpEx | −$7.8k | −$5.17 |
| NOI | $23.3k | $15.52 |
1,500 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$332.6K
$291.0K – $388.0K
NOI $23,279 @ 7.0% cap · market cap 3.58%
Second Best
Retail
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 43%
Dunkin' Donuts
Dining
17,547 visits/mo
0.4 miles
Speedway
Shops & Services
12,720 visits/mo
0.5 miles
Hoffman Car Wash
Shops & Services
7,846 visits/mo
0.4 miles
7-Eleven
Shops & Services
2,711 visits/mo
0.5 miles
Demographics for 12831, NY
17,483
Population
7,228
Households
2.4
Avg Household Size
43
Median Age
44%
College-Educated
94%
High-School Grad
65.2 sq mi
ZIP Area
268
Density / Sq Mi
$100,833
Median Household Income
$59,278
Median Earnings
$1,361
Median Rent
$308,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Freestanding gas station building deed restricted for gas, convenience items, and auto parts
Where is this gas station located?
The property is located at 1288 Saratoga Rd Gansevoort, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Deed restricted for gas and convenience items including food, dairy, and beer or wine for off‑premise consumption; Deed restricted to include auto parts; Freestanding building on Route 9 very close to the Route 87 exit
