119 Lake Hill RdBallston, NY 12027

  • Commercial real estate
  • 375 SF
For Sale
$475,000 View listing

Property Details for 119 Lake Hill Rd

Year built
1975
Lot size
0.20 AC
Property size (Sq ft)
375 SF
Property type
Commercial real estate
APN
412089 257.10-1-55
APU
41208925710155

Description

This 375-square-foot restaurant in Ballston, NY, is offered at $475,000 ($1,266.67/sq ft). Established in 2009, this family-owned business operates seasonally, opening mid-May. Its vibrant signage on Route 50 attracts significant traffic heading towards Ballston Spa and Schenectady. The property enjoys a highly visible location on Lake Hill Road, directly across from CVS and Stewarts, ensuring high foot traffic. The area's appeal is further enhanced by the town of Ballston's recent purchase of the land across the street to develop a public park (March 2023). This location benefits from the constant flow of students walking between schools and nearby businesses along Route 50. The restaurant is situated in a growing community, offering a strong foundation for continued success. The property's address is 119 Lake Hill Rd, Ballston, NY 12027.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $106,628
    Hospitality
    $97,670
    Educational
    $81,261
    Medical
    $84,055
    Retail
    $126,405

Location Insight

City
Burnt Hills
County
Saratoga
State
New York
Latitude
42.9101
Longitude
-73.8987
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$109,700
$20,000
$129,700
-
$155,603
$28,369
$183,972

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