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Property profile

857 Main St Clifton Park, NY 12065

Turn key restaurants
Property ID
US63-6166810
View Sample
3,140 SF 1.64 ac lot Built 1970
Entity Owned 4-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional Clifton Park commercial property, located at 857 Main Street, presents a unique investment opportunity. Priced at $799,000, this offering encompasses a 3,140 square foot retail space situated on a substantial 71,438 square foot lot. The property boasts a prime location on a busy Clifton Park road, ensuring high visibility and significant foot traffic. Currently configured as a fully equipped restaurant, this turnkey operation is ready for immediate occupancy, eliminating the need for extensive renovations or build-out. Ample on-site parking is available for customers and staff, enhancing convenience and accessibility. Beyond the main retail space, the property includes two additional buildings, offering versatile options for expansion, storage, or the development of complementary businesses. This presents a rare chance to acquire a well-established commercial property in a thriving location, minimizing startup costs and maximizing potential for immediate return on investment. The property's size and location in the 12065 zip code of Saratoga County, New York, make it an ideal investment for both established businesses and ambitious entrepreneurs seeking a turnkey solution in a high-traffic area. The property is ready for a new owner to capitalize on its existing infrastructure and prime location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Total area 3,140 SF
Lot 1.64 ac (71,438 SF)
Zoning code 01 - NOT ZONED
APN 412400 265.-1-54
UPID US63-6166810

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 General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k

Owner & transaction history

since 2022
Last sale
$545,000
2 recorded transactions
2022
$545,000
2006
Price N/A

Zoning & alternative use

01 - NOT ZONED · Clifton Park, NY

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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More about this property
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