Versatile Saratoga Springs Commercial
216 West Avenue Saratoga Springs, NY 12866
For Sale
$399,000
Pending
One-level building in high-profile location with endless opportunities.
Property Size1,184 SF
Lot Size0.38 Acres
Days on Market319
Property Features for 216 West Avenue
General Information
- Standard status
- Pending
- Size
- 1,184 SF
- Lot size
- 0.38 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing Agency:
KW PLATFORM
(518) 724-5800
Listed By:
ELIZABETH PAGE · License #10401333541
Source:
Corcoran
Added: Sep 11, 2025
Changed: Jul 10
Last Checked: Jul 23 at 8:48AM
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 KW PLATFORM
Investment Insights
Based on property information with market context.
Located on the West Avenue corridor in Saratoga Springs, this one-level building offers various opportunities. The property is situated in a high-traffic area near Saratoga High School and Pitney Meadows Community Farm, with proximity to the YMCA and downtown. The building, with a size of 1184 square feet, is currently used as a photography studio. It is suitable for a business, professional office (with a variance), or a single-level residence. Potential business uses include an office, professional services, arts studio, fitness studio, art gallery, specialty food establishment, home-based business, or a photography studio. The property is zoned UR-2.
Key Highlights
- Prime, high‑profile location on the West Ave corridor in Saratoga Springs' rapidly growing West Side.
- Versatile one‑level building suitable for business, professional office, or single‑level residence.
- Zoned UR‑2, allowing for a wide range of business possibilities.
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 | $25.6k | $21.60 |
| − Vacancy | −$4.2k | −$3.56 |
| EGI | $21.4k | $18.04 |
| − OpEx | −$5.3k | −$4.51 |
| NOI | $16.0k | $13.53 |
1,184 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$228.8K
$200.2K – $266.9K
NOI $16,016 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.4K
$310.1K – $413.5K
NOI $24,807 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stock Studios Photography
Photography Service
FAQs
What type of property is this?
Office units - One-level building in high-profile location with endless opportunities.
Where is this office units located?
The property is located at 216 West Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Prime, high‑profile location on the West Ave corridor in Saratoga Springs' rapidly growing West Side.; Versatile one‑level building suitable for business, professional office, or single‑level residence.; Zoned UR‑2, allowing for a wide range of business possibilities.
