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    Saratoga Springs Commercial Opportunity Title is generated by Realmo AI

    167 High Rock Avenue, Saratoga Springs, NY 12866

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    Claim this Listing
    For Sale
    $3,350,000

    COMMERCIAL - Saratoga Springs, NY

    Property size:
    15,756 SF
    Lot size:
    1.28 Acres
    Price / SF:
    $212/SF
    Added:
    May 13, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 28 at 12:06 pm

    Property Features for 167 High Rock Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Parking
    68
    Interior features
    High Speed Internet, Paddle Fan, Vaulted Ceiling(s), Built-in Features, Elevator
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    APN
    411501 166.37-1-49.3
    Size
    15,756 SF
    Lot size
    1.28 Acres

    Taxes and HOA fees

    Tax Annual Amount
    47293

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2
    Flooring type
    Tile - Ceramic, Carpet
    Building materials
    Steel Beam

    We can help!

    Contact an agent
    Kate R Naughton
    Kate R Naughton

    Listing agent Kate R Naughton License #30NA0628084

    Listing office Roohan Realty 519 Broadway, Saratoga Springs, NY

    Listing date May 13, 2026

    MLS# 202617092

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Grace Fellowship Church lease through 12/31/2027 with a two‑year renewal option through 12/31/2029
    • Planned Unit Development (PUD) with zoning NC/T‑5
    • Spacious auditorium plus private offices, conference rooms, and gathering areas
    • Accessible elevator installed
    • Central air and forced‑air natural gas heating
    • Public water and public sewer

    Overview

    Located in Saratoga Springs, this commercial property presents an exceptional opportunity along the Green Belt Trail. Currently occupied by Grace Fellowship Church, the lease extends through December 31, 2027, with a two-year renewal option available until December 31, 2029. Situated within a Planned Unit Development (PUD) and zoned NC/T-5, the 15,756 square foot space offers a highly versatile layout. The layout features private offices, conference rooms, gathering areas, and a spacious auditorium. With a lot size of 1.28 acres, this property is ideal for a variety of commercial, institutional, or community-oriented 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 $340.3k $21.60
    − Vacancy −$56.2k −$3.56
    EGI $284.2k $18.04
    − OpEx −$71.0k −$4.51
    NOI $213.1k $13.53
    15,756 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $3.04M
    $2.66M – $3.55M (±1% cap)
    NOI $213,131 @ 7.0% cap · market cap 6.36%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.72M
    $4.13M – $5.50M (±1% cap)
    NOI $330,120 @ 7.0% cap · market cap 9.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Saratoga
    State
    New York
    Longitude
    -73.776318
    Latitude
    43.08851

    FAQs

    What type of property is this?
    Church & religious facility - Versatile commercial space near Green Belt Trail, Saratoga Springs.
    Where is this church & religious facility located?
    The property is located at 167 High Rock Avenue Saratoga Springs, NY.
    What is the asking price?
    The asking price for this property is $3,350,000.
    What are key features of this property?
    This property features: Grace Fellowship Church lease through 12/31/2027 with a two‑year renewal option through 12/31/2029; Planned Unit Development (PUD) with zoning NC/T‑5; Spacious auditorium plus private offices, conference rooms, and gathering areas
    More about this property
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