Property summary
This exceptional 1,500-square-foot retail building, situated on 1.71 acres at 1288 Saratoga Road in Gansevoort, NY, presents a compelling investment opportunity. Currently vacant, this single-story structure boasts 25 parking spaces, making it highly accessible for customers. Built over 30 years ago, the building offers significant potential for redevelopment or immediate occupancy. The property is conveniently located on Route 9, in close proximity to Route 87 Exit, ensuring high visibility and convenient access for patrons. The asking price is $495,000, translating to $330 per square foot. Zoned for a variety of uses, including but not limited to quick-service restaurants, convenience stores, and other retail establishments, this property is deed-restricted to gas, convenience items (including food or food products, dairy products, beer, or wine, or other alcoholic beverages for off-premises consumption), and auto parts. The ample lot size and strategic location make this an ideal site for a variety of businesses seeking high traffic exposure in a thriving area. The net rentable square footage is 1,500 square feet. This property is ready for a new tenant to capitalize on its prime location and versatile zoning. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Gansevoort market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Gansevoort, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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