7 Un St, Ballston Spa, NY 12020-1238
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-1 · Ballston Spa, NYBallston Spa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.