92 Congress St - Medical FOR SALE


Saratoga Springs, NY 12866- Downtown Saratoga Springs
$3,300,000 USD
315-863-2777
92 Congress St, Saratoga Springs, NY for Sale
$3,300,000 USD
Medical - FOR SALE
1/35
null | Request Cap Rate

92 Congress St
Saratoga Springs, NY 12866
Downtown Saratoga Springs


OVERVIEW

Discover an exceptional investment opportunity with this fully leased 10,000 square foot building on 0.44 acres with and Private parking lot with 16 parking spaces. The property is strategically located in the vibrant heart of Downtown Saratoga Springs. This property not only promises steady income through its current long-term tenants but also offers significant potential for future development and expansion with T6 zoning, allowing for diverse uses including multifamily redevelopment above the ground floor. The 2nd floor encompasses a 5,000/SF currently occupied by the owner, who is open to a leaseback agreement. This provides the new owner with flexibility and immediate rental income. The first floor is leased to Fat Paulie's Deli and Make a Wish both tenants have long-term leases. This property represents a unique blend of immediate income and long-term growth potential. It is an ideal acquisition for investors looking to capitalize on the thriving Saratoga Springs market, with the flexibility to adapt to evolving demand and usage trends. Whether you're interested in maintaining the current leasing structure, owner/occupant or exploring redevelopment possibilities, this building offers unparalleled opportunities for growth and profitability.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$330 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Congress Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,881 SF

ZONING

T-6: Urban Transect 6

APN/PARCEL ID

411501-165-066-0002-034-000-0000,411501-165-066-0002-090-000-0000

ASK ABOUT THIS PROPERTY

Amy SgromoJulie & Co RealtyMore Info
315-863-2777

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Amy SgromoJulie & Co RealtyMore Info
315-863-2777

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