4284 NY-50
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4284 NY-50
5,000 SF 100% Leased Retail Building Saratoga Springs, NY 12866 $1,080,000 ($216/SF)
Investment Highlights
- Investment opportunity
- High traffic count
- Property offers room to expand
- Building is in excellent condition
Executive Summary
INVESTMENT OPPORTUNITY: Three year old 5,000sf flex building located on busy Route 50 in a trending development zone. Building is fully leased with long term tenants, generating over $83,000 annually .Plenty of room on site to expand an additional 5,000sf.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$83,000
|
$16.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,000
|
$16.60
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$22,000
|
$4.40
|
| Net Operating Income |
$61,000
|
$12.20
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $83,000 |
| Annual Per SF | $16.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,000 |
| Annual Per SF | $16.60 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $22,000 |
| Annual Per SF | $4.40 |
| Net Operating Income | |
|---|---|
| Annual | $61,000 |
| Annual Per SF | $12.20 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Year Built
2020
Price
$1,080,000
Price Per SF
$216
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
4.48 AC
Zoning
RB-1 - Business Residential District , RB-1 zoning , Town of Wilton
Parking
6 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
160 FT on NY-50
Amenities
- 24 Hour Access
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 415600 141.-2-12.2 | Improvements Assessment | $491,600 (2023) |
| Land Assessment | $152,200 (2023) | Total Assessment | $643,800 (2023) |
PROPERTY TAXES
Parcel Number
415600 141.-2-12.2
Land Assessment
$152,200 (2023)
Improvements Assessment
$491,600 (2023)
Total Assessment
$643,800 (2023)
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4284 NY-50
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