126 West Ave Saratoga Springs, NY 12866
Prime Saratoga Springs Opportunity! Available now is a rare corner lot at a signalized intersection on West Ave (approx. 15,000 AADT) offering outstanding visibility and accessibility, less than a mile from Broadway. Currently improved with a single-family home, the property can be renovated and expanded, or cleared for new development thanks to its highly flexible Transect 4 zoning. This zoning allows for a wide variety of uses, including stand-alone retail, professional or medical offices, financial institutions, owner-occupied offices, mixed-use, or residential projects. Its location across from newly constructed senior housing makes it especially well-suited for geriatric or support services of all kinds. Adding tremendous value, the property comes with approved architectural and site plans for a landmark mixed-use development. The design features 4,136 sq. ft. of commercial space, a 1,122 sq. ft. apartment, and four luxury condominiums ranging from 3,239-3,551 sq. ft., each planned with 2-4 bedrooms, dens, private balconies, garages, and even elevators. With a recently improved structure onsite, prime corner visibility, and shovel-ready approvals in place, this property offers endless potential — whether you choose to reimagine the existing building or bring a modern mixed-use vision to life.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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