Restaurant with Historic
For Sale
Contact for pricing
17 Main Street, Ballston, NY 12019
A two-floor restaurant layout includes a full kitchen, private banquet rooms, and separate heating and cooling controls.
Property Size5,020 SF
Price / SF$0.58
Days on Market201
Property Features for 17 Main Street
General Information
Standard status
Active
Size
5,020 SF
Property subtype
Business
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Grease Trap
Yes
Building Details
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
The Property Shop
(518) 396-5850
Listed By:
Daniel Oh · License #10401266104
(518) 795-5995
Source:
Simplywoodardrealestate
Added: Apr 16
Changed: Nov 1
Last Checked: Nov 1 at 3:35PM
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 The Property Shop
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Investment Insights
Based on property information with market context.
This 5,020-square-foot restaurant, built in 1940, spans two floors and includes a fully built-out kitchen, a horseshoe-shaped bar, and private banquet rooms upstairs. Recent work includes a new asphalt-shingle roof, gutters, soffits, and fascia, along with updated electrical and plumbing. Two gas HVAC systems serve the building, with independent controls for each floor.
The property connects to the Saratoga County sewer system, installed in 2022, and has a duplex grinder pump and grease trap. On-site parking is available. The building is identified as Carney's Tavern, with an establishment date of 1848.
The property connects to the Saratoga County sewer system, installed in 2022, and has a duplex grinder pump and grease trap. On-site parking is available. The building is identified as Carney's Tavern, with an establishment date of 1848.
Key Highlights
- 5,020‑square‑foot restaurant building constructed in 1940
- Two floors with separate gas HVAC systems that operate independently
- Full kitchen, horseshoe bar, and second‑floor private banquet rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,908
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,160
$1.6M
Cap Rate 7%
$1,112,971
$1.1M
Cap Rate 9%
$865,644
$865.6K
Market Conditions
NOI Build-Up for 5,020 SF
Gross rent
$108.4K $21.60/SF
− Vacancy
−$4.6K −$0.91/SF
EGI
$103.9K $20.69/SF
− OpEx
−$26.0K −$5.17/SF
NOI
$77.9K $15.52/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,160
Cap Rate 7%
$1,112,971
Cap Rate 9%
$865,644
Alternative Uses
Best Use
Specialty Retail
$1.11M
$973.9K – $1.30M
NOI $77,908 @ 7.0% cap · market cap 2,686.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,179 @ 7.0% cap · market cap 3,626.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
381
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Gerber Collision & Glass
Shops & Services
381 visits/mo
0.4 miles
Demographics for 12019, NY
15,826
Population
6,911
Households
2.3
Avg Household Size
45
Median Age
54%
College-Educated
97%
High-School Grad
28.5 sq mi
ZIP Area
555
Density / Sq Mi
$116,329
Median Household Income
$63,121
Median Earnings
$1,191
Median Rent
$381,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A two-floor restaurant layout includes a full kitchen, private banquet rooms, and separate heating and cooling controls.
Where is this conventional restaurant located?
The property is located at 17 Main Street Ballston, NY.
What are key features of this property?
This property features: 5,020‑square‑foot restaurant building constructed in 1940; Two floors with separate gas HVAC systems that operate independently; Full kitchen, horseshoe bar, and second‑floor private banquet rooms
