$399,000
Saratoga Springs, NY 12866
MLS# 202611981
1 baths | 1444 sqft
1 / 49
Property Description
Rare opportunity to own 2.34 acres of land in high-visibly prime location at the Gateway to Saratoga Springs. Located only 6 minutes from downtown Saratoga Springs and the world-renowned Saratoga Race Course, this unique property offers exceptional potential for investors, developers, hospitality operators, equestrian enthusiasts, and entrepreneurs seeking a prime location near the area's thriving tourism and racing scene. Positioned on highly traveled Lake Ave/Route 29, the property provides outstanding visibility, strong traffic counts, and remarkable flexibility. The offering includes three deeded parcels, approximately 85 on-site parking spaces, and a grandfathered restaurant facility with all furniture, fixtures, and equipment (FF&E) included. Existing improvements also feature a walk-in cooler and smoker, creating immediate operational opportunities while preserving future development potential. Create a destination venue, develop an event, recreation or entertainment concept, establish an equestrian-related business, expand hospitality offerings, or continue operating as a turnkey restaurant or explore redevelopment opportunities, including the potential for subdivision into three separate building lots (subject to approvals). This property offers significant upside and long-term value in one of the Capital Region's most desirable markets.
Details
Maps
Documents
Contract Information
Original List Price: 399000
List Price/SqFt: 276.32
List Price/Acres: 170512.82
Status: Active
Property Sub Type: Mixed Use
List Price: $399,000
Listing Contract Date: 2026-02-13
Current Price: $399,000
Location
City/Town (Mail): Saratoga Springs
Street Number: 588
Street Name: Lake
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12866
Geo Lat: 43.087241
Geo Lon: -73.709152
Property Detail
Stories: 1
Number Of Buildings: 1
Parking Y/N: Yes
Lot Size Square Feet: 101930
Zoning: Commercial
Lot Size Dimensions: 431.7 FF
Lot Size Acres: 2.34
Building Area Total: 1444
Building Available SQFT: 1444
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1960
Bathrooms Total: 1
Status Change Info
Back on Market Date: 2026-07-23
Status Change Date: 2026-04-17
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 411589 167.-2-64
Tax Annual Amount: 6271
Tax Section: 167.00
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 64.000
School District: Saratoga Springs
High School: Saratoga Springs
Association Y/N: No
Directions & Remarks
Directions: Exit 14 or Exit 15 to Lake Avenue (Rt 29)
Pass Stewarts on the right.
588 Lake Avenue
Public Remarks: Rare opportunity to own 2.34 acres of land in high-visibly prime location at the Gateway to Saratoga Springs.
Located only 6 minutes from downtown Saratoga Springs and the world-renowned Saratoga Race Course, this unique property offers exceptional potential for investors, developers, hospitality operators, equestrian enthusiasts, and entrepreneurs seeking a prime location near the area's thriving tourism and racing scene.
Positioned on highly traveled Lake Ave/Route 29, the property provides outstanding visibility, strong traffic counts, and remarkable flexibility. The offering includes three deeded parcels, approximately 85 on-site parking spaces, and a grandfathered restaurant facility with all furniture, fixtures, and equipment (FF&E) included. Existing improvements also feature a walk-in cooler and smoker, creating immediate operational opportunities while preserving future development potential.
Create a destination venue, develop an event, recreation or entertainment concept, establish an equestrian-related business, expand hospitality offerings, or continue operating as a turnkey restaurant or explore redevelopment opportunities, including the potential for subdivision into three separate building lots (subject to approvals). This property offers significant upside and long-term value in one of the Capital Region's most desirable markets.
Sewer
Septic Tank: 1
Current Use
Business: 1
Land: 1
Mixed Use: 1
Restaurant: 1
Architectural Style
Mixed Use: 1
Office: 1
Restaurant: 1
Electric
200+ Amp Service: 1
Financial Details
General Taxes: 2176
General Taxes Description: Estimated
School Taxes: 4096
School Taxes Description: Estimated
Cooling
Central Air: 1
Basement
None: 1
Lot Features
Cleared: 1
Road Frontage: 1
Wooded: 1
Construction Materials
Wood Siding: 1
Other Structures
Shed(s): 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Exterior Features
Gas Grill: 1
Flooring
Vinyl: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Water Source
Well: 1
Heating
Forced Air: 1
Interior Features
Solid Surface Counters: 1
Parking Features
Parking Total: 85
Off Street: 1
Possible Use
Business: 1
Land: 1
Mixed: 1
Office: 1
Restaurant: 1
Other: 1
Subdividable: 1
Sale Includes
Building & Land: 1
Property Features
Architectural Style: Mixed Use; Office; Restaurant
Basement: None
Construction Materials: Wood Siding
Cooling: Central Air
Current Use: Business; Land; Mixed Use; Restaurant
Electric: 200+ Amp Service
Exterior Features: Gas Grill
Flooring: Vinyl
Heating: Forced Air
Interior Features: Solid Surface Counters
Lot Features: Cleared; Road Frontage; Wooded
Other Structures: Shed(s)
Parking Features: Off Street
Possible Use: Business; Land; Mixed; Office; Restaurant; Other; Subdividable
Roof: Asphalt
Sale Includes: Building & Land
Sewer: Septic Tank
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Water Source: Well
Disclosures 
Listing Courtesy of KW Platform
Listing Agent: Elizabeth Page
518-573-1112 | elizabethpage@kw.com
518-573-1112 | elizabethpage@kw.com