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88-90 Front St 88-90 Front St 3,048 SF 100% Leased Retail Building Ballston Spa, NY 12020 $599,900 ($196.82/SF)
INVESTMENT HIGHLIGHTS
- Popular area for retail, restaurants & specialty services
- Retail tenants would prefer to continue their leases
- Apartments with exposed beams & vaulted ceilings
EXECUTIVE SUMMARY
Located on one of the busiest streets in the Village of Ballston Spa, this well-maintained mixed-use commercial building offers a rare opportunity for investors or owner-occupants. The property features two street-level retail spaces and two residential apartments on the second floor, all fully rented with a total monthly income of $4,400. Annual expenses are low at just $15,885, and all utilities are separately metered except for water and sewer. The property includes off-street parking in the back as well as a small detached garage. The building is in excellent condition with minimal maintenance required, making it truly turn-key. Front St is a busy location with many popular shops & eateries and this location is directly across from the Ballston Spa National Bank that is currently undergoing a full renovation. This location is poised for continued growth in visibility and value. Whether you're looking to occupy part of the space yourself or simply enjoy steady rental income, this property presents a strong and flexible investment opportunity in a vibrant and growing community.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,048 SF
Building Class
B
Year Built/Renovated
1900/2009
Price
$599,900
Price Per SF
$196.82
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.05 AC
Zoning
07
Parking
3 Spaces (0.98 Spaces per 1,000 SF Leased)
Frontage
26’ on Front
AMENITIES
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 414201-216-032-0001-109-000-0000 | Total Assessment | $335,000 |
| Land Assessment | $50,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $285,000 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
414201-216-032-0001-109-000-0000
Land Assessment
$50,000
Improvements Assessment
$285,000
Total Assessment
$335,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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