$375,000
Saratoga Springs, NY 12866
MLS# 202528791
Status: Closed
2 baths | 6861 sqft
1 / 44
Property Description
A rare chance to acquire a profitable, turnkey restaurant in the vibrant core of downtown Saratoga Springs. Ideally situated at Lake Avenue and Henry Street - just three blocks from Broadway - this 2,800± sq ft space offers prime visibility, strong foot traffic, and a loyal customer base. The sale includes all equipment, furnishings, and proprietary recipes for immediate operation. With seating for 70+, a fully equipped kitchen, and 13 dedicated parking spaces, this property ensures both convenience and charm. A stable NNN lease, low annual taxes, and growth potential through catering, events, or menu expansion make this a solid investment for operators and investors alike. Total price including FF&E is $395,000.
Details
Maps
Documents
Contract Information
Original List Price: 499000
Lease Per SqFt or Month?: Month
Lease Considered: Yes
Offered Lease/Month: 5172
List Price/SqFt: 57.57
Sold Price/SqFt: 54.66
List Price/Acres: 1097222.22
Sold Price/Acres: 1041666.67
Status: Closed
Property Sub Type: Business
Sold Price: $375,000
Listing Contract Date: 2025-10-30
Current Price: $375,000
Location
City/Town (Mail): Saratoga Springs
Cross Street: Henry St
Street Number: 44
Street Name: Lake
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12866
Geo Lat: 43.082377
Geo Lon: -73.78202
Property Detail
Stories: 1
Number Of Buildings: 1
Business Name: Scallions Restaurant
Parking Y/N: Yes
Lot Size Square Feet: 73000
Zoning: Commercial
Lot Size Dimensions: -
Lot Size Acres: 0.36
Building Area Total: 6861
Building Available SQFT: 2800
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Land Lease Y/N: No
Year Built: 1961
Bathrooms Total: 2
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 411501 165.60-2-67.1
Tax Annual Amount: 4800
Tax Section: 165.60
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 67.001
School District: Saratoga Springs
High School: Saratoga Springs
Association Y/N: No
Directions & Remarks
Directions: From downtown Broadway, Saratoga Springs
Turn East onto Lake Ave
0.1 mi
Scallions Restaurant will be on the right
44 Lake Ave, Saratoga Springs, NY 12866
Public Remarks: A rare chance to acquire a profitable, turnkey restaurant in the vibrant core of downtown Saratoga Springs. Ideally situated at Lake Avenue and Henry Street - just three blocks from Broadway - this 2,800± sq ft space offers prime visibility, strong foot traffic, and a loyal customer base. The sale includes all equipment, furnishings, and proprietary recipes for immediate operation. With seating for 70+, a fully equipped kitchen, and 13 dedicated parking spaces, this property ensures both convenience and charm. A stable NNN lease, low annual taxes, and growth potential through catering, events, or menu expansion make this a solid investment for operators and investors alike. Total price including FF&E is $395,000.
Sewer
Public Sewer: 1
Current Use
Restaurant: 1
Architectural Style
Restaurant: 1
Cooling
Central Air: 1
Listing Terms
Lease Purchase: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
At Closing: 1
Business Type
Restaurant: 1
Showing Requirements
Call Listing Agent: 1
Special Listing Conditions
Standard: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Parking Features
Parking Total: 13
Off Street: 1
On Street: 1
Paved: 1
Private: 1
Possible Use
Restaurant: 1
Retail: 1
Tavern: 1
Tavern Plus: 1
Sale Includes
Building Only: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Internet: 1
Sewer: 1
Telephone: 1
Water: 1
Status Change Info
Status Change Date: 2026-03-02
Under Contract Date: 2026-01-19
Sold Date: 2026-03-02
Sold Price: $375,000
Property Features
Architectural Style: Restaurant
Construction Materials: Brick
Cooling: Central Air
Current Use: Restaurant
Business Type: Restaurant
Heating: Natural Gas
Listing Terms: Lease Purchase
Parking Features: Off Street; On Street; Paved; Private
Possession: At Closing
Possible Use: Restaurant; Retail; Tavern; Tavern Plus
Roof: Rubber
Sale Includes: Building Only
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Internet; Sewer; Telephone; Water
Water Source: Public
Agency/Fair Housing 
Listing Courtesy of KW Platform
Listing Agent: Elizabeth Page
518-573-1112 | elizabethpage@kw.com
518-573-1112 | elizabethpage@kw.com
