Property profile

1288 Saratoga Rd Gansevoort, NY 12831

FOR SALE
Gas stations
Property ID
US63-2347943
1,536 SF 1.71 ac lot Built 1974
Entity Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Gas stations
Use group SERVICE STATION WITH FOOD MART
Year built 1974
Total area 1,536 SF
Lot 1.71 ac (74,488 SF)
Zoning code C1
APN 414489 77.1-1-80
UPID US63-2347943

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1288 Saratoga Rd Gansevoort, NY 12831
Gansevoort metro Census 60104 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2015
2 recorded transactions
2015
$1.1M
2014
$500,000

Zoning & alternative use

C1 · Gansevoort, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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