Downtown Saratoga Springs Commercial
18 Division Street #103 Saratoga Springs Saratoga Springs, NY 12866
For Sale
$750,000
Pending
Turn-key 2,375 SF commercial condo in downtown Saratoga Springs.
Property Size2,375 SF
Lot Size0.05 Acres
Days on Market423
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
Building Details
- Year Built
- 2007
Listing Agency:
FOUR SEASONS SOTHEBY'S INTERNATIONAL REALTY
(518) 580-8500
Listed By:
ANDREA L COLLINS · License #10301222905
Source:
Corcoran
Added: May 30, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:48AM
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 SOTHEBY'S 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 For 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 | $42.8k | $18.00 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $41.0k | $17.24 |
| − OpEx | −$12.3k | −$5.17 |
| NOI | $28.7k | $12.07 |
2,375 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
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.
