Saratoga Springs Mixed-Use
48 Lincoln Avenue Saratoga Springs, NY 12866
48 Lincoln Avenue, Saratoga Springs, NY, 12866
$850,000
For Sale
$850,000
Mixed-use property near Broadway with development potential in Saratoga Springs.
Property Size2,156 SF
Price / SF$394.25
Days on Market110
Property Features for 48 Lincoln Avenue
General Information
- Standard status
- Active
- Size
- 2,156 SF
- Property subtype
- Mixed Use
Listing agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: Apr 4 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 3:09AM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
Located in Downtown Saratoga Springs, this property is situated in an area known for steady growth and high property value appreciation. Zoned T5 commercial/mixed-use, the property offers development potential. The existing building measures 44 feet by 48 feet and features an open floor plan with the opportunity to build another level. The property is located one block from Broadway in Saratoga Springs, with easy access to and from the Northway. It is within walking distance of the Saratoga Race Course, SPAC, and other local attractions. The property presents possibilities for various business ventures, including taking ownership of the current dry cleaning business with its established customer base, or starting a new business. The zoning allows for a wide range of potential uses. The Average Annual Daily Traffic (AADT) is reported to be 13,288. The property size is 2,156 square feet.
Key Highlights
- High property value appreciation in a growing area.
- Prime location: one block from Broadway and walking distance to Saratoga Race Course and SPAC.
- Zoned T5 commercial/mixed‑use offering a wide range of potential uses.
Local 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 | $46.6k | $21.60 |
| − Vacancy | −$7.7k | −$3.56 |
| EGI | $38.9k | $18.04 |
| − OpEx | −$9.7k | −$4.51 |
| NOI | $29.2k | $13.53 |
2,156 SF · lease $21.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$416.6K
$364.6K – $486.1K
NOI $29,164 @ 7.0% cap · market cap 3.43%
Second Best
Mixed Use
$374.2K
$327.4K – $436.6K
NOI $26,195 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$645.3K
$564.7K – $752.9K
NOI $45,173 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AJ's Dry Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property near Broadway with development potential in Saratoga Springs.
Where is this mixed-use property located?
The property is located at 48 Lincoln Avenue Saratoga Springs, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: High property value appreciation in a growing area.; **Prime location: one block from Broadway and walking distance to Saratoga Race Course and SPAC.**; Zoned T5 commercial/mixed‑use offering a wide range of potential uses.
