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Property profile & analytics
OFF-MARKET
Commercial real estate

119 Lk Hl Rd Burnt Hills, NY 12027-9519

375 SF 0.2 ac lot Built 1975
Individually Owned 3-yr Hold Free & Clear
Property ID
US63-5972071
Property summary
AI-generated overview

This 375-square-foot restaurant in Ballston, NY, is offered at $475,000 ($1,266.67/sq ft). Established in 2009, this family-owned business operates seasonally, opening mid-May. Its vibrant signage on Route 50 attracts significant traffic heading towards Ballston Spa and Schenectady. The property enjoys a highly visible location on Lake Hill Road, directly across from CVS and Stewarts, ensuring high foot traffic. The area's appeal is further enhanced by the town of Ballston's recent purchase of the land across the street to develop a public park (March 2023). This location benefits from the constant flow of students walking between schools and nearby businesses along Route 50. The restaurant is situated in a growing community, offering a strong foundation for continued success. The property's address is 119 Lake Hill Rd, Ballston, NY 12027.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 375 SF
Lot 0.2 ac (8,712 SF)
APN 412089 257.10-1-55
UPID US63-5972071
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
Current use
Occupant on record · Public records
  • Mama's Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Irene Gerolymatos · 3 yrs held
Irene Gerolymatos
since 2022
4 recorded transactions
2022
Price N/A
2015
Price N/A
2008
$189,000
2007
$22,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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