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Corner Commercial Land
For Sale
$3,595,000

40 EXCELSIOR AVE Unit 40, Saratoga Springs, NY 12866

Corner parcel in a T-5 commercial/residential transition zone with subdivision potential and paved off-street parking.

Property SizeContact for details
Days on Market169

Property Features for 40 EXCELSIOR AVE Unit 40

General Information

Standard status Active
Property subtype Mixed Use

Taxes and HOA fees

Annual Taxes $22,000

Amenities

3
Tile, Concrete
Asphalt, Rubber
Commercial
Parking. Corner Lot.
40 Parking Spaces. Paved Driveway, Off Street.
Corner.

Building Details

Year Built 1974
Listing Agency: Howard Hanna Capital Inc
Listed By: Colleen Guarino · License #40GU0798369
Source: Xome
Added: Mar 17 Changed: Aug 31 Last Checked: Aug 31 at 3:37PM

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 Howard Hanna Capital Inc

Investment Insights

Based on property information with market context.

This 1.23-acre commercial land parcel occupies a corner position with over 500' of frontage and zoning identified as a T-5 commercial/residential transition zone. The site includes 40 parking spaces, a paved driveway, and off-street parking. Subdivision is permitted according to the property information, expanding the range of potential site configurations.

The property is near Northway and The Racetrack, with Broadway within walking distance. The Saratoga Greenbelt Trail is newly developed nearby and is expected to increase pedestrian traffic. The parcel is located at 40 Excelsior Ave Unit 40 in Saratoga Springs, New York.

Key Highlights

  • 1.23‑acre corner commercial land parcel
  • Over 500' of frontage
  • T‑5 commercial/residential transition zone

Property Analytics

Current Use

Bardino Motors Car Dealership Saranade's Gift Shop Clothing & Fashion Store

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Auto Repair Shop Electrical Service Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,586
Businesses Nearby

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

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Corner parcel in a T-5 commercial/residential transition zone with subdivision potential and paved off-street parking.
Where is this commercial land located?
The property is located at 40 EXCELSIOR AVE Unit 40 Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 1.23‑acre corner commercial land parcel; Over 500' of frontage; T‑5 commercial/residential transition zone
More about this property
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