426 Geyser Rd Ballston Spa, NY 12020
- Investment properties
- 2,400 SF
- 0.46 lot acres
Current Use by Public Records
- European Day Spa Salon / Beauty Salon
- Michelle's Hair Studio / Beauty Salon / Hair Salon
Property Details for 426 Geyser Rd
- Year built
- 1972
- Lot size
- 0.46 lot acres
- Property size
- 2,400 SF
- Zone code
- TC
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 414289 190.7-1-56
- APU
- 4142891907156
Description
This exceptional 2,400 square foot special purpose property, located at 426 Geyser Road in Ballston Spa, Saratoga County, presents a unique investment opportunity. The single-tenant building sits on a spacious 20,038 square foot lot and is fully remodeled, offering a turnkey operation for a discerning buyer. The property boasts a comprehensive array of amenities, including 20 paved parking spaces with additional room for expansion behind the building. Inside, the salon/spa features two massage chairs, four tanning booths, three massage rooms, and three cutting stations each equipped with hydraulic chairs. Further enhancing its appeal are a sauna, a coin-operated automatic dog wash station, a laundry area, and a kitchen. All existing furnishings are included in the sale, providing a seamless transition for the new owner. Recent improvements include well testing and septic cleaning, ensuring the property is in excellent working order. The property is offered under a Triple Net Lease, meaning the tenant is responsible for all property taxes, maintenance, snow removal, utilities, and taxes. This presents a low-maintenance investment opportunity with significant potential for return. The property's prime location on Geyser Road in Ballston Spa adds to its desirability. This is a rare opportunity to acquire a fully operational and well-equipped salon and spa business in a highly sought-after location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $265,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $397,000
Market price range: $149k - $413k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $370,000 Current use
- AUTO REPAIR, GARAGE
- $385,000 Change: +4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Ballston Spa
- County
- Saratoga
- State
- New York
- Longitude
- -73.8466
- Latitude
- 43.0474
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA