Multifamily & Development
For Sale
$3,500,000
460 Cold Spring Road, Saratoga Springs, NY 12866
Multifamily property with multiple structures and SLZ-1 zoning supporting residential development and select commercial uses.
Property Size4,738 SF
Lot Size21.20 Acres
Price / SF$738.71
Days on Market173
Property Features for 460 Cold Spring Road
General Information
Standard status
Active
Size
4,738 SF
Lot size
21.20 Acres
Property subtype
Multi-family
Zoning
SLZ-1
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
Julie & Co Realty LLC
Listed By:
Charles B Goodridge
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Feb 9
Changed: Jul 10
Last Checked: Jul 31 at 2:41PM
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 Julie & Co Realty LLC
Investment Insights
Based on property information with market context.
This offering is a multifamily and development package spanning more than 21 acres and comprising eight structures. The property includes a mix of residential units, with several trailers on site at 460 Cold Spring Road where the first three are owned by the seller and the remaining three operate on land leases, creating more than one income stream. Municipal water and sewer are available at the road for the included parcels.
The package is sold as four separate deeds and must be purchased together, with addresses including 184, 186, 188, 190 and 192 Didonna Lane and 460 Cold Spring Road. The property is situated within the Stillwater Central School District. It is described as being just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park.
From a development standpoint, the property is identified as being in SLZ-1 zoning, which supports a range of uses including residential development such as single-family and two-family homes. The zoning also allows certain commercial opportunities, including a restaurant or bed and breakfast, with a Special Use Permit. This configuration may appeal to investors and builders seeking a multifamily asset that also offers pathways for additional residential development on part of the acreage.
The package is sold as four separate deeds and must be purchased together, with addresses including 184, 186, 188, 190 and 192 Didonna Lane and 460 Cold Spring Road. The property is situated within the Stillwater Central School District. It is described as being just minutes from Brown's Beach, a short distance to I-87 Exit 12 and I-87 Exit 13, and in close proximity to a local Technology Park.
From a development standpoint, the property is identified as being in SLZ-1 zoning, which supports a range of uses including residential development such as single-family and two-family homes. The zoning also allows certain commercial opportunities, including a restaurant or bed and breakfast, with a Special Use Permit. This configuration may appeal to investors and builders seeking a multifamily asset that also offers pathways for additional residential development on part of the acreage.
Key Highlights
- Multifamily/development property built in 1970 on 21+ acres with 8 structures across multiple parcels
- SLZ‑1 zoning supports residential development (single‑family and two‑family) and select commercial uses (restaurant or bed & breakfast with SUP)
- Includes four separate deeds sold as a package: 184–192 Didonna Lane and 460 Cold Spring Road
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
29
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with multiple structures and SLZ-1 zoning supporting residential development and select commercial uses.
Where is this apartment building located?
The property is located at 460 Cold Spring Road Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Multifamily/development property built in 1970 on 21+ acres with 8 structures across multiple parcels; SLZ‑1 zoning supports residential development (single‑family and two‑family) and select commercial uses (restaurant or bed & breakfast with SUP); Includes four separate deeds sold as a package: 184–192 Didonna Lane and 460 Cold Spring Road
