Property profile

54 Phila St Saratoga Springs, NY 12866

OFF-MARKET
Retail properties & Spaces
Property ID
US63-5189764
266,635 SF 0.08 ac lot Built 2010
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Property summary

AI-generated overview

This exceptional Class A retail space, located at 54 Phila Street in Saratoga Springs, NY, presents a unique opportunity for a discerning restaurant operator. The property, built in 2010, boasts 3,587 square feet within a larger 266,635 square foot building situated on a 3,485 square foot lot (0.08 acres). The single-tenant space is ideally suited for a restaurant, offering ample natural light and seating for approximately 100 patrons. Its prime location in a vibrant dining district, directly across from the historic Cafe' Lena music venue, ensures high visibility and foot traffic. While the building itself does not offer on-site parking, convenient public parking is available immediately adjacent to the property, with an additional parking garage located just one block away. The building features four stories, elevators, and is zoned for mixed use. The property's address is 54 Phila Street, Saratoga Springs, NY 12866, with a cross street of Henry Street and an APN of 165.68-4-101 in Saratoga County. This is a rare chance to establish a thriving business in one of New York's most desirable locations. The building's size and location make it an ideal space for a restaurant looking to expand or a new business seeking a high-traffic area. The mixed-use zoning offers flexibility for future expansion or adaptation.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2010
Total area 266,635 SF
Lot 0.08 ac (3,485 SF)
UPID US63-5189764

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
  • Restaurant
  • Construction Company

Location

54 Phila St Saratoga Springs, NY 12866
Saratoga Springs metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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