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    FOR SALE
    Conventional restaurants

    108/114 Congress St Unit 108/114 Saratoga Springs, NY 12866

    Built 2005
    Property ID
    US63-Q022465
    108/114 Congress St,Unit Unit 108/114, Saratoga Springs, NY 12866 For Sale 1 / 19
    $1,750,000
    108/114 Congress St,Unit Unit 108/114, Saratoga Springs, NY 12866
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    Property summary
    AI-generated overview

    A high-visibility corner just off Broadway -- and a building already doing the work. This 0.30-acre commercial parcel in the heart of Saratoga Springs includes a 4,228 sq ft mixed-use building currently home to one of the city's most successful food and beverage establishments. The second floor is a ... vailable for lease as office or residential space, adding immediate additional income potential to an already performing asset. The development story here is equally compelling. Zoned mixed-use with a 50-foot height allowance, the potential for residential, commercial, or a combination of both -- the zoning supports the vision. Walking distance to Broadway, anchored by an operating tenant, and carrying the kind of visibility and foot traffic that downtown Saratoga commands. A redevelopment concept is available -- see attached.

    Property profile
    Verified
    Property type Conventional restaurants
    Year built 2005
    UPID US63-Q022465
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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