$670,000
Ballston, NY 12019
MLS# 202324292
Status: Closed
11 baths | 4200 sqft
1 / 20
Property Description
This 10-unit motel in Ballston Lake is a prime opportunity. It includes two buildings: one with 7 units plus a laundry room, and a smaller building with 3 rooms. Impressively, 8 of the rooms have been completely renovated as showcased in the photos. Updates include heat pumps in every room, modern plumbing, electrical, flooring, bathrooms, a new septic system, and a fresh parking lot. The property is on public water and natural gas. Zoned Business/Highway2, this property offers flexibility. The units are set up as efficient weekly rentals, with a very low vacancy rate. The property is conveniently located on the public bus line and is in Burnt Hills school district.
Details
Maps
Contract Information
Original List Price: 700000
List Price/SqFt: 166.67
Sold Price/SqFt: 159.52
List Price/Acres: 1400000
Sold Price/Acres: 1340000
Status: Closed
Property Sub Type: Hotel-Motel
Sold Price: $670,000
Listing Contract Date: 2023-09-07
Current Price: $670,000
Location
City/Town (Mail): Ballston Lake
Street Number: 1031
Street Name: NY-50
County: Saratoga
State/Province: NY
Postal Code: 12019
Geo Lat: 42.946852
Geo Lon: -73.869428
Property Detail
Year Established: 1979
Stories: 1
Number Of Buildings: 2
Business Name: Triple Crown Motel
Parking Y/N: Yes
Lot Size Square Feet: 21780
Zoning: Commercial
Lot Size Dimensions: 1/2 acre
Lot Size Acres: 0.5
Building Area Total: 4200
Building Available SQFT: 4200
Main Road Frontage: 100
Waterfront Y/N: No
Enhanced Accessible Y/N: Yes
Year Built: 1978
Bathrooms Total: 11
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 239.17-2-15
Tax Annual Amount: 4643
Tax Section: 239.17
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 15
School District: Burnt Hills-Ballston Lake CSD (BHBL)
Elementary School: Francis L Stevens
High School: Burnt Hills-Ballston Lake HS
Association Y/N: No
Directions & Remarks
Directions: Outlet Rd to Route 50. Head south on 50.
Public Remarks: This 10-unit motel in Ballston Lake is a prime opportunity. It includes two buildings: one with 7 units plus a laundry room, and a smaller building with 3 rooms. Impressively, 8 of the rooms have been completely renovated as showcased in the photos. Updates include heat pumps in every room, modern plumbing, electrical, flooring, bathrooms, a new septic system, and a fresh parking lot. The property is on public water and natural gas.
Zoned Business/Highway2, this property offers flexibility. The units are set up as efficient weekly rentals, with a very low vacancy rate. The property is conveniently located on the public bus line and is in Burnt Hills school district.
Sewer
Septic Tank: 1
Accessibility Features
Accessible Sidewalks: 1
Accessible Transportation or Bus: 1
Current Use
Motel: 1
Architectural Style
Motel: 1
Financial Details
General Taxes: 786
General Taxes Description: Estimated
School Taxes: 3857
School Taxes Description: Estimated
Seller Financing: Yes
Cooling
Ductless: 1
Basement
Crawl Space: 1
Building Detail
Office Ceiling Height: 8
Retail Available SQFT: 0
Construction Materials
Vinyl Siding: 1
Possession
At Closing: 1
Business Type
Hotel/Motel: 1
Flooring
Vinyl: 1
Showing Requirements
Agent to Accompany: 1
No Sign: 1
Occupied: 1
Special Listing Conditions
Ownership: No Special Conditions
Standard: 1
Water Source
Public: 1
Heating
Ductless: 1
Heat Pump: 1
Natural Gas: 1
Other: 1
Parking Features
Parking Total: 15
Private: 1
Possible Use
Apartment Plus: 1
Business: 1
Hotel/Motel: 1
Investment: 1
Sale Includes
Building & Land: 1
Status Change Info
Status Change Date: 2024-04-04
Under Contract Date: 2024-03-03
Sold Date: 2024-04-02
Sold Price: $670,000
Property Features
Accessibility Features: Accessible Sidewalks; Accessible Transportation or Bus
Architectural Style: Motel
Basement: Crawl Space
Construction Materials: Vinyl Siding
Cooling: Ductless
Current Use: Motel
Business Type: Hotel/Motel
Flooring: Vinyl
Heating: Ductless; Heat Pump; Natural Gas; Other
Parking Features: Private
Possession: At Closing
Possible Use: Apartment Plus; Business; Hotel/Motel; Investment
Sale Includes: Building & Land
Sewer: Septic Tank
Showing Requirements: Agent to Accompany; No Sign; Occupied
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Christopher Iwinski
518-587-3400 |
518-587-3400 |