$235,000
Ballston Spa, NY 12019
MLS# 202120760
Status: Closed
4200 sqft
1 / 19
Property Description
Cash Flow investors take notice: Grossing 100k+ annually this 10 Unit Motel on bus line in Ballston Lake has two buildings, one containing 7 units + office while smaller building contains 3 rooms. Zoning is Business/Highway2. Units are set up as efficiency apartments rented on both weekly and monthly basis. On site washer/dryer, Public water. Paved parking, new cable & phone lines, natural gas plumbed to all units in large building.
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Mixed Use
Original List Price: 275000
Sold Price: $235,000
Offered Lease/Sqft: 65.48
Listing Contract Date: 2021-06-10
Current Price: $235,000
List Price/SqFt: 65.48
Sold Price/SqFt: 55.95
List Price/Acres: 550000
Sold Price/Acres: 470000
Location
Street Number: 1031
Street Name: ROUTE 50
County: Saratoga
State/Province: NY
Postal Code: 12019
City/Town (Mail): Ballston Lake
Geo Lat: 42.946717
Geo Lon: -73.869645
Property Detail
Year Built: 1978
Year Established: 1979
Stories: 1
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: 2702
General Taxes Description: Estimated
School Taxes: 3711
School Taxes Description: Estimated
Seller Financing: No
Cooling
Air Conditioning (Legacy): PTAC
Building Detail
Office Available SQFT: 600
Office Ceiling Height: 8
Possession
Possession (Legacy): Closing
Special Listing Conditions
Ownership: No Special Conditions
Heating
Heat Systems (Legacy): Gas/Electric
Income And Expenses
Gross Income: 100,848
Gross Income Description: Estimated
Electric Expense: 1100
Electric Expense Description: Actual
Insurance Expense: 2800
Insurance Expense Description: Estimated
Parking Features
Parking Total: 15
Status Change Info
Status Change Date: 2022-05-04
Under Contract Date: 2021-12-01
Sold Date: 2022-04-28
Sold Price: $235,000
Property Features
Architectural Style: Motel
Heating: Natural Gas; Other; See Remarks
Parking Features: Private
Possession: At Closing
Possible Use: Apartment Plus; Hotel/Motel
Sewer: Septic Tank
Showing Requirements: Agent to Accompany; Occupied
Special Listing Conditions: Standard
Water Source: Public
Costs/Extra Info 
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Christopher Iwinski
518-587-3400 |
518-587-3400 |
