$670,000
Ballston, NY 12019
MLS# 202324292
Status: Closed
11 baths | 4200 sqft
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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
Status: Closed
Property Sub Type: Hotel-Motel
Original List Price: 700000
Sold Price: $670,000
Listing Contract Date: 2023-09-07
Current Price: $670,000
List Price/SqFt: 166.67
Sold Price/SqFt: 159.52
List Price/Acres: 1400000
Sold Price/Acres: 1340000
Location
Street Number: 1031
Street Name: NY-50
County: Saratoga
State/Province: NY
Postal Code: 12019
City/Town (Mail): Ballston Lake
Geo Lat: 42.946852
Geo Lon: -73.869428
Property Detail
Year Built: 1978
Year Established: 1979
Stories: 1
Number Of Buildings: 2
Bathrooms Total: 11
Business Name: Triple Crown Motel
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
Parking Y/N: Yes
Financial Details
General Taxes: 786
General Taxes Description: Estimated
School Taxes: 3857
School Taxes Description: Estimated
Seller Financing: Yes
Building Detail
Office Ceiling Height: 8
Special Listing Conditions
Ownership: No Special Conditions
Parking Features
Parking Total: 15
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 |
