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Saratoga City Tavern 19-21 Caroline St

7,770 SF Retail Building Saratoga Springs, NY 12866 $4,900,000 ($631/SF)

Investment Highlights

  • Excellent net operating income and high cashflow with endless opportunities.
  • Excellent reputation as premier tavern/bar with rooftop
  • Strong Business Revenues
  • Prime location in downtown Saratoga Springs
  • Historic building circa 1906

Executive Summary

SARATOGA'S BEST SOCIAL SCENE! Perfect location in the heart of the city's entertainment district. Five floors of fun including live entertainment floors, the famous Boom Boom Room to dance the night away, private room for your next event and the area's most visited rooftop bar with views of the historic downtown. Strong business revenues and a 3,000+ member mug club that keeps patrons coming back year after year. Opportunity to expand the food service, event business and merchandising sales. Two kitchens on premises.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,770 SF
Building Class
B
Year Built
1960
Price
$4,900,000
Price Per SF
$631
Tenancy
Single
Building Height
5 Stories
Building FAR
3.57
Land Acres
0.05 AC
Zoning
C1 - Downtown entertainment district
Frontage
33 FT on Caroline St

Amenities

  • Corner Lot
  • Fireplace
  • Restaurant
  • Roof Terrace
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Saratoga City Tavern
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Saratoga City Tavern Arts, Entertainment, and Recreation 99,999 SF - -
Walk Score ®
Walker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Bank of America
BurgerFi
Trustco Bank
Rent-A-Center
Citizens Bank
Market 32
Keybank
CrossFit
Shake Shack

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
411501-165-060-0001-067-000-0000
Land Assessment
$57,500
Improvements Assessment
$968,600
Total Assessment
$1,026,100
  • Listing ID: 32583224

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: 19-21 Caroline St, Saratoga Springs, NY 12866

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