2 Old Stonebreak RdBallston Spa, NY 12020

Property Details for 2 Old Stonebreak Rd

Year built

1979

Lot size

2.62 AC

Property size (Sq ft)

5,432 SF

Zone code

PDD

Property type

Office properties

Property subtype

Office buildings

APN

414089 229.-3-55

APU

414089229355

Description

This exceptional Class A, 2,400 square foot office and industrial property is situated on a 2.62-acre lot in the desirable Luther Forest submarket of Saratoga County. Built in 1979, this single-story building offers a versatile layout perfect for a variety of businesses. The space includes a reception area, seven offices or conference rooms, two bathrooms, and a break room. Ample parking is available, accommodating both cars and trucks, with a total of 15 spaces. The property boasts a 243-foot frontage on Route 9, near the intersection with Stonebreak, providing excellent visibility and accessibility. Conveniently located minutes from exits 11 and 12 of I-87, this property offers easy access to major transportation routes. The building features an 8-foot ceiling height and a 200 AMP power supply. While the listed square footage is 2,400, an additional approximately 600 square feet of usable basement space is available for storage. The property is zoned for office buildings and is offered as a single-tenant occupancy. The APN is 229-3-55. Discussions regarding space customization for long-term tenants are welcome. This is a rare opportunity to secure a well-located, versatile property in a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,349,393

  6.5%

  $1,245,594

  7%

  $1,156,623

• Comparable approach

  Method

  Valuation

  Relative Method

  $714,516

  Geo Method

  $709,745

• Alternative Use

  Use

  Valuation

  Residential

  $1,544,536

  Hospitality

  $1,414,787

  Educational

  $1,177,086

  Medical

  $1,217,568

  Retail

  $1,831,022

Location Insight

City

Ballston Spa

County

Saratoga

State

New York

Latitude

42.9637

Longitude

-73.7884

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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