22 Washington St - Storefront Retail/Residential FOR SALE


Ballston Spa, NY 12020
$675,000 USD
518-332-0218
22 Washington St, Ballston Spa, NY for Sale
$675,000 USD
Storefront Retail/Residential - FOR SALE
1/28
null | Request Cap Rate

22 Washington St
Ballston Spa, NY 12020


HIGHLIGHTS

  • Excellent Condition
  • All Tenant Utilities Are Separate
  • Popular Location in Thriving Community

OVERVIEW

Ideally located in the business district of the Village of Ballston Spa, this commercial building is one of two buildings being offered for sale by this owner. Both are in excellent condition and offer a rare turn-key opportunity for investors or owner-occupants. This property at 22 Washington St features (2) first floor office/retail spaces with private entrances & individual bathrooms plus (2) large (1) bedroom apartments upstairs. Total rental income for this building is $53,700 annually and it is fully rented. One commercial tenant is vacating. The owner has another tenant who wants to rent the space or it can remain vacant for the new owner. Expenses are $13,290 annually. Utilities are paid by the tenants, except for water & sewer. No off street parking. Located across from the Speckled Pig, this is a popular location with many shops & eateries close by. This property presents a strong and flexible investment opportunity in a vibrant and growing community. Also available for sale - 20 Washington, directly next door, with 10 additional fully rented commercial spaces.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$240 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

3

APN/PARCEL ID

414201-216-032-0001-015-000-0000

ASK ABOUT THIS PROPERTY

Christian KluegHoward Hanna Real Estate ServicesMore Info
518-332-0218

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Christian KluegHoward Hanna Real Estate ServicesMore Info
518-332-0218

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