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    FOR SALE
    Investment properties

    426 Geyser Rd, Ballston Spa, NY 12020

    2,400 SF 0.46 ac lot Built 1972
    Individually Owned 12-yr Hold Free & Clear
    Property ID
    US63-0408932
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1972
    Total area 2,400 SF
    Lot 0.46 ac (20,038 SF)
    Zoning code TC
    APN 414289 190.7-1-56
    UPID US63-0408932
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • European Day Spa Salon Hair Salon Nail Salon
    • Michelle's Hair Studio Hair Salon Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    John Clapper · 12 yrs held
    John Clapper
    since 2014
    2 recorded transactions
    2014
    $253,750
    2008
    Zoning & alternative use
    TC · Ballston Spa, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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