60 Railroad PlSaratoga Springs, NY 12866

Property Details for 60 Railroad Pl

Year built

1995

Lot size

0.33 AC

Property size (Sq ft)

55,580 SF

Zone code

C1

Property type

Office buildings

APN

411501 165.59-1-78.1

APU

411501165591781

Description

This exceptional five-story office building, located at 60 Railroad Place in the heart of Saratoga Springs, presents a unique opportunity. Boasting a total of 51,766 square feet, the property offers a highly visible corner location at the intersection of Railroad Place and Division Street, providing excellent accessibility and exposure. The building features convenient on-site parking for 149 vehicles, eliminating parking concerns for employees and visitors. Currently, a single-tenant occupancy of 1,672 square feet is available on the second floor. This space is bathed in natural light from numerous windows and includes a well-designed layout encompassing a reception area with storage, private offices, a dedicated conference area, and a functional kitchen. The building sits on a 0.33-acre lot within Saratoga County. The property's strategic location and amenities have attracted a diverse tenant base of established local, regional, and national businesses, underscoring its appeal and potential for continued success. This is an ideal opportunity for a business seeking a prominent and well-equipped office space in a thriving downtown setting. The building's size and features make it suitable for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $13,806,933

  6.5%

  $12,744,862

  7%

  $11,834,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,310,896

  Geo Method

  $7,262,083

• Alternative Use

  Use

  Valuation

  Residential

  $15,803,628

  Hospitality

  $14,476,039

  Educational

  $12,043,894

  Medical

  $12,458,102

  Retail

  $18,734,946

Location Insight

City

Saratoga Springs

County

Saratoga

State

New York

Latitude

43.0816

Longitude

-73.7877

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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