12 Ballston Ave - Restaurant FOR SALE


Saratoga Springs, NY 12866- Downtown Saratoga Springs
$3,750,000 USD
508-272-0585
12 Ballston Ave, Saratoga Springs, NY for Sale
$3,750,000 USD
Restaurant - FOR SALE
1/4
null | 5.33% Cap Rate

12 Ballston Ave
Saratoga Springs, NY 12866
Downtown Saratoga Springs


HIGHLIGHTS

  • Premier Saratoga Springs Location, over 7,000 students across colleges and secondary schools within a 5-mile radius
  • Unmatched access to year-round economic and tourism drivers
  • New long-term lease. Corporate Guaranty from Chipotle Mexican Grill, Inc

OVERVIEW

Atlantic Capital Partners is pleased to exclusively present a premier net lease opportunity, a newly constructed Chipotle Mexican Grill located at 12 Ballston Ave, in Saratoga Springs, NY. This 2,343 square foot building offers investors the chance to acquire a brand-new, corporate-backed asset in one of the most dynamic and historically rich markets in the Northeast. Saratoga Springs is widely recognized as the horse racing capital of the Northeast and one of the region’s most visited destinations. The city pulls over one million annual visitors to the iconic Saratoga Racing Course, home to The Travers, one of the oldest and most prestigious racing events in the country. The area also features the Oklahoma Training Track and National Museum of Racing & Hall of Fame, cementing its status as a cornerstone of American horse racing. Just minutes from this property, the Saratoga Casino attracts an additional 1.5 million annual visitors, contributing to the city’s year-round tourism and economic activity. The property is ideally positioned along Ballston Avenue, a major retail corridor that connects directly to downtown Saratoga Springs. The area benefits from high visibility, robust traffic counts, and strong retail presence. Additionally, the site is located just 8 minutes (1.5 miles) from Skidmore College, a highly regarded liberal arts school with approximately 2,500 students.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$1,661 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

CROSS STREETS

Hamilton St

LAND ACRES

0.33 AC

LAND SF

14,279 SF

ZONING

C3

APN/PARCEL ID

411501-165-083-0001-003-000-0000

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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