Property profile

260 Broadway Saratoga Springs, NY 12866

FOR LEASE
Investment properties
Property ID
US63-1966224
23,068 SF 0.44 ac lot Built 1977
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 260 Broadway in Saratoga Springs, NY, presents a unique investment or owner-user opportunity within the vibrant downtown area. The 24,812 square foot building, constructed in 1889, features a blend of executive office and flex space across two stories. Currently, 15,200 square feet is vacant, offering significant potential for expansion or redevelopment. The building boasts high ceilings ranging from 14 to 18 feet, providing ample space and flexibility for various business needs. The property includes 30 parking spaces and sits on a 0.44-acre lot. The zoning is T-6: Transect Zone 6 Urban Core. The building's existing tenant, Death Wish Coffee, occupies the first floor. The second floor offers a substantial value-add opportunity for investors or additional space for an owner-user. The property is under new local ownership, and the landlord is actively undertaking extensive upgrades to the common areas. Attractive incentives are available for qualified tenants. The property's APN is 165.75-2-3, 165.75-1-7. Available spaces range from 1,800 to 15,200 square feet. Contact us for detailed financial information and to schedule a viewing.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1977
Total area 23,068 SF
Lot 0.44 ac (19,166 SF)
Zoning code C1
APN 411501 165.75-2-3
UPID US63-1966224

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

260 Broadway Saratoga Springs, NY 12866
Saratoga Springs metro Census 61001 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2023
Last sale
$80,275
4 recorded transactions
2023
$80,275
2022
$3.5M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Saratoga Springs, 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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