Property summary
This exceptional 2,538 square foot office building in Ballston Spa, NY, presents a unique sale-leaseback opportunity. Located at 7 Union Street, this single-story, 1968-constructed building sits on a 0.26-acre lot and is zoned for commercial use. The property features two units, currently 100% occupied by multiple tenants under a multi-tenant lease. The asking price is $450,000, translating to $177.30 per square foot. The property's parcel number is 203.72-2-15. This sale includes a proposed 5-year leaseback agreement, providing a secure income stream for the buyer. The building has undergone recent renovations, enhancing its appeal and functionality. The property's versatility makes it suitable for various office uses, including executive, medical, and traditional office spaces. This is an excellent investment opportunity for those seeking a stable, income-generating asset in a desirable location. The building's single-story design and convenient location in Saratoga County offer ease of access and operational efficiency. This sale-leaseback arrangement offers a compelling blend of immediate return and long-term growth potential. Don't miss this chance to acquire a well-maintained, fully occupied commercial property in the thriving Ballston Spa market.
Property profile
VerifiedCap rate & NOI
Current use
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Hearing Aid Store Audiologist
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Ballston Spa, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for R-1 in Ballston Spa, NY.
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