Versatile Saratoga Springs Commercial
For Sale
$399,000
Pending
216 West Avenue, Saratoga Springs, NY 12866
One-level building in high-profile location with endless opportunities.
Property Size1,184 SF
Lot Size0.38 Acres
Days on Market410
Property Features for 216 West Avenue
General Information
Standard status
Pending
Size
1,184 SF
Lot size
0.38 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,295
Amenities
Central air
Corner Lot
Accessible Approach with Ramp
Asphalt Roof
Baseboard Heating
Carpet Flooring
Central Air Cooling
Electric Heating
Forced Air Heating
Level
Linoleum Flooring
Off Street
Paved
Road Frontage
Shingle Roof
Vinyl Flooring
Building Details
Year Built
1966
Listing Agency:
KW PLATFORM
(518) 724-5800
Listed By:
ELIZABETH PAGE · License #10401333541
(518) 573-1112
Source:
Corcoran
Added: Sep 11, 2025
Changed: Oct 6
Last Checked: Oct 24 at 4:43PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$16,016
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,320
$320.3K
Cap Rate 7%
$228,800
$228.8K
Cap Rate 9%
$177,956
$178.0K
Market Conditions
NOI Build-Up for 1,184 SF
Gross rent
$25.6K $21.60/SF
− Vacancy
−$4.2K −$3.56/SF
EGI
$21.4K $18.04/SF
− OpEx
−$5.3K −$4.51/SF
NOI
$16.0K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,320
Cap Rate 7%
$228,800
Cap Rate 9%
$177,956
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - One-level building in high-profile location with endless opportunities.
Where is this office unit 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.
