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22 Washington St 2,808 SF 100% Leased Retail Building Ballston Spa, NY 12020 $649,900 ($231.45/SF)
INVESTMENT HIGHLIGHTS
- Excellent Condition
- Popular Location in Thriving Community
- All Tenant Utilities Are Separate
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,808 SF
Building Class
C
Year Built
1929
Price
$649,900
Price Per SF
$231.45
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.07
Lot Size
0.06 AC
Zoning
3 - Commercial business district
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 414201-216-032-0001-015-000-0000 | Improvements Assessment | $286,000 |
| Land Assessment | $39,000 | Total Assessment | $325,000 |
PROPERTY TAXES
Parcel Number
414201-216-032-0001-015-000-0000
Land Assessment
$39,000
Improvements Assessment
$286,000
Total Assessment
$325,000
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22 Washington St
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