Commercial Land with Existing
For Sale
$899,900
383 Church Street, Saratoga Springs, NY 12866
Redevelopment site with an existing structure, Church Street frontage, and potential commercial or mixed-use applications subject to municipal approvals.
Property Size3,323 SF
Price / SF$270.81
Days on Market19
Property Features for 383 Church Street
General Information
Standard status
Active
Size
3,323 SF
Property subtype
Multi-family
Building Details
Year Built
1880
Listing Agency:
Kelleher Realty
Listed By:
Rachel Magnell
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Jul 14
Changed: Jul 31
Last Checked: Jul 31 at 10:16AM
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 Kelleher Realty
Investment Insights
Based on property information with market context.
This 0.46-acre commercial land site includes an existing 3,323-square-foot structure built in 1880 and offered as-is. The property provides 137 feet of frontage along Church Street, also identified as the Route 9N corridor, with redevelopment potential subject to municipal approvals.
The site is located near downtown Saratoga Springs, Saratoga Hospital, Skidmore College, and major residential communities. Potential applications identified for the property include commercial, mixed-use, medical, professional office, hospitality, and residential uses, subject to applicable approvals. The parcel may also be acquired in conjunction with the adjoining property, which is offered separately, for a larger assemblage with additional frontage.
The site is located near downtown Saratoga Springs, Saratoga Hospital, Skidmore College, and major residential communities. Potential applications identified for the property include commercial, mixed-use, medical, professional office, hospitality, and residential uses, subject to applicable approvals. The parcel may also be acquired in conjunction with the adjoining property, which is offered separately, for a larger assemblage with additional frontage.
Key Highlights
- 0.46‑acre commercial land site with an existing structure
- 3,323‑square‑foot existing structure built in 1880
- 137 feet of frontage along Church Street (Route 9N)
Financial Insights For Apartment 5plus
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 | $83.7k | $25.20 |
| − Vacancy | −$3.5k | −$1.06 |
| EGI | $80.2k | $24.14 |
| − OpEx | −$36.1k | −$10.86 |
| NOI | $44.1k | $13.28 |
3,323 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$630.3K
$551.5K – $735.4K
NOI $44,122 @ 7.0% cap · market cap 4.90%
Second Best
Mixed Use
$576.8K
$504.7K – $672.9K
NOI $40,374 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$994.6K
$870.3K – $1.16M
NOI $69,623 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site with an existing structure, Church Street frontage, and potential commercial or mixed-use applications subject to municipal approvals.
Where is this commercial land located?
The property is located at 383 Church Street Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 0.46‑acre commercial land site with an existing structure; 3,323‑square‑foot existing structure built in 1880; 137 feet of frontage along Church Street (Route 9N)
