41 Geyser Rd Saratoga Springs, NY 12866-9038

Property Details for 41 Geyser Rd

Year built

1967

Lot size

3.49 lot acres

Property size

2,785 SF

Zone code

INDG

Property type

Investment properties

Property subtype

Live-work space

APN

411589 178.-1-33.1

APU

4115891781331

Description

This fee-simple industrial property, located at 41 Geyser Rd in Saratoga Springs, NY, offers a compelling investment opportunity. The 3.49-acre site features a 12,224 square-foot manufacturing and warehouse facility, complemented by a 2,200 square-foot office/farmhouse building. Currently 100% occupied under a Net Lease (NNN) agreement with Ninth Planet Beverage Solutions, the lease runs until September 30, 2026, with a five-year extension option. The property boasts a 22-foot ceiling height, one loading dock with one dock-high door, and was constructed in 2002. The tenant is responsible for interior maintenance, while the landlord covers roof and structural repairs and property taxes. The tenant has invested significantly in building improvements, suggesting strong long-term occupancy potential. The expansive lot size allows for potential future expansion, with space for an additional +/- 10,000 square-foot structure, potentially even larger if the existing office building is replaced. Situated in Saratoga County, known for its thriving economy and high quality of life, this property presents a rare opportunity to acquire a well-located, income-producing industrial asset with significant upside potential. The property consists of two buildings across two stories.

Location Insight

City

Saratoga Springs

County

Saratoga

State

New York

Longitude

-73.8144

Latitude

43.06

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments