124 Lake Hill RdBallston, NY 12027

Property Details for 124 Lake Hill Rd

Year built

1955

Lot size

0.92 AC

Property size (Sq ft)

2,534 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

412089 257.10-1-46.2

APU

412089257101462

Description

Prime opportunity to acquire a well-established consignment business in Ballston, NY. The business, operating for nine years at 124 Lake Hill Rd, generates over six figures annually and boasts a strong online presence with over 5,000 social media followers and more than 1,000 consigners. The sale includes the business name, website, LLC transfer, client contact lists, social media accounts, an eBay store, and all necessary equipment, including display cases, racks, and training. Two weeks of comprehensive training will be provided, covering all aspects of running the consignment shop, from software operation to marketing and sales. The current owner leases the 1,700 square foot storefront, with a one-year lease expiring February 29, 2024, under a gross lease agreement. The business has received accolades as the best consignment shop for two consecutive years, reflecting its strong reputation and customer loyalty. This is a turnkey operation, ideal for an entrepreneur seeking a profitable and established business with significant growth potential. The asking price for the business is $65,000. The option to purchase the building separately is available upon inquiry. This presents a unique opportunity to acquire a thriving business in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $629,485

  6.5%

  $581,063

  7%

  $539,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $333,318

  Geo Method

  $331,092

• Alternative Use

  Use

  Valuation

  Residential

  $720,518

  Hospitality

  $659,991

  Educational

  $549,104

  Medical

  $567,989

  Retail

  $854,163

Location Insight

City

Burnt Hills

County

Saratoga

State

New York

Latitude

42.9108

Longitude

-73.8996

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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