108-114 Congress St - Restaurant FOR SALE


Saratoga Springs, NY 12866- Downtown Saratoga Springs
$2,000,000 USD
518-281-6808
108-114 Congress St, Saratoga Springs, NY for Sale
$2,000,000 USD
Restaurant - FOR SALE
1/36
null | Request Cap Rate

108-114 Congress St
Saratoga Springs, NY 12866
Downtown Saratoga Springs


OVERVIEW

Located in the heart of Saratoga Springs' vibrant Urban Core (UC) District - T-6, this property offers unmatched potential in one of the city's most desirable zones. The UC District allows for the highest intensity and diversity of uses, including mixed-use, residential, and commercial developments--all while promoting walkability and timeless downtown design. With up to 80,000± SF of potential new construction if the existing building is removed, or approximately 45,000± SF if you build around the current structure, the possibilities are endless. Envision luxury apartments, modern condos, boutique retail, or Class-A office space--all steps from Broadway, Congress Park, and Saratoga's finest dining and entertainment. A rare chance to shape the next landmark in Saratoga's historic downtown! The price includes the 2nd level above the restaurant is available to lease out for either office space or residential. Business available for purchase separately or with the property. Development Opportunity (Maximum Building Height 70', up to 85' w/Height Bonuses)

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

CROSS STREETS

Broadway

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

mixed

APN/PARCEL ID

411501-165-066-0002-109-000-0000

ASK ABOUT THIS PROPERTY

Scott VarleyThe Scott Varley Team / Keller WilliamsMore Info
518-281-6808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Scott VarleyThe Scott Varley Team / Keller WilliamsMore Info
518-281-6808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.