65 Saratoga RdSchenectady, NY 12302

Property Details for 65 Saratoga Rd

Year built

2023

Lot size

1.45 AC

Property size (Sq ft)

6,620 SF

Zone code

CON

Property type

Office buildings

APN

422289 22.18-2-37.1

APU

42228922182371

Description

This exceptional commercial property, located at 65 Saratoga Road in Schenectady, NY, offers 10,548 square feet of newly constructed Class A office space within the Miracle View Professional Office Park. The property features two modern, two-story buildings totaling 12,704 square feet on a 1.45-acre lot (63,162 sq ft). Built in 2024, these buildings boast robust precast concrete floors and walls, ensuring superior quality and durability. Large windows and high ceilings create a bright and inviting atmosphere. The versatile floor plans are easily adaptable to various professional or retail uses. The space is offered in vanilla shell condition, allowing for complete customization to tenant specifications. Options range from 1,000 to 6,400 square feet. The property includes 35 total parking spaces and is conveniently located near Route 50. Zoned for Professional/Residential use, this property presents a unique opportunity in Schenectady County (APN: 22.18-2-37.1). The single-tenant occupancy provides flexibility and control. Lease rates are subject to change based on build-out requirements and square footage. This is a prime location for businesses seeking modern, high-quality office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,644,511

  6.5%

  $1,518,010

  7%

  $1,409,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $870,783

  Geo Method

  $864,969

• Alternative Use

  Use

  Valuation

  Residential

  $1,882,332

  Hospitality

  $1,724,206

  Educational

  $1,434,519

  Medical

  $1,483,855

  Retail

  $2,231,474

Location Insight

City

Glenville

County

Schenectady

State

New York

Latitude

42.8548

Longitude

-73.9403

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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