Downtown Saratoga Springs Commercial
For Sale
$750,000
Pending
18 Division Street #103 Saratoga Springs, Saratoga Springs, NY 12866
Turn-key 2,375 SF commercial condo in downtown Saratoga Springs.
Property Size2,375 SF
Lot Size0.05 Acres
Days on Market498
Property Features for 18 Division Street #103 Saratoga Springs
General Information
Standard status
Pending
Size
2,375 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,143
Amenities
Central air
Attached Garage
Heated Garage
Assigned
Central Air Cooling
Covered
Forced Air Heating
Natural Gas Heating
Paved
Private
Road Frontage
Secured Garage/Parking
Building Details
Year Built
2007
Listing Agency:
FOUR SEASONS SOTHEBYS INTERNATIONAL REALTY
(518) 580-8500
Listed By:
ANDREA L COLLINS · License #10301222905
(413) 374-7808
Source:
Corcoran
Added: May 30, 2025
Changed: Oct 4
Last Checked: Oct 7 at 11:43AM
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 FOUR SEASONS SOTHEBYS INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
Located in the downtown business district of Saratoga Springs, this 2,375 square foot commercial condo is situated in The Lofts at 18 Division. The unit is suitable for an owner occupant or an investor looking to lease. Previously used as a hair salon, the space has existing plumbing and electrical infrastructure. It was also previously occupied by Motif Home Gallery. The storefront provides convenient and accessible access for walk-in customers. The unit features front and rear entrances, three private rooms suitable for offices, in-floor plumbing, and two bathrooms. Additional spaces are available for kitchen or storage purposes. The sale includes one indoor parking spot located on the lower level of the garage. The property has a strong rental history.
Key Highlights
- Prime downtown Saratoga Springs location in the business district.
- Turn‑key commercial condo suitable for owner‑occupant or investor.
- Impressive storefront with convenient front and rear entrances for walk‑in customers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,668
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,360
$573.4K
Cap Rate 7%
$409,543
$409.5K
Cap Rate 9%
$318,533
$318.5K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$41.0K $17.24/SF
− OpEx
−$12.3K −$5.17/SF
NOI
$28.7K $12.07/SF
Area
Saratoga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,360
Cap Rate 7%
$409,543
Cap Rate 9%
$318,533
Alternative Uses
Best Use
Retail
$409.5K
$358.4K – $477.8K
NOI $28,668 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$710.9K
$622.0K – $829.4K
NOI $49,761 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12866, NY
40,355
Population
20,462
Households
2
Avg Household Size
44
Median Age
55%
College-Educated
95%
High-School Grad
64.3 sq mi
ZIP Area
628
Density / Sq Mi
$98,374
Median Household Income
$53,265
Median Earnings
$1,460
Median Rent
$419,200
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?
Storefront property - Turn-key 2,375 SF commercial condo in downtown Saratoga Springs.
Where is this storefront property located?
The property is located at 18 Division Street #103 Saratoga Springs Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime downtown Saratoga Springs location in the business district.; Turn‑key commercial condo suitable for owner‑occupant or investor.; Impressive storefront with convenient front and rear entrances for walk‑in customers.
