Description
Ideally located in the business district of the Village of Ballston Spa, this commercial building is one of two buildings being offered for sale by this owner. Both are in excellent condition and offer a rare turn-key opportunity for investors or owner-occupants. This property at 20 Washington St is fully rented and features (4) street-level retail spaces with private entrances & individual bathrooms plus (6) studio spaces upstairs with one shared bathroom in the hall. Total rental income for this building is $67,620 annually. Expenses are $16,765 annually. All upstairs utilities are paid by the landlord. All downstairs utilities are paid by the tenants, except water & sewer. No off street parking. Located directly across from the Speckled Pig, this is a popular location with many shops & eateries close by. This property presents a strong and flexible investment opportunity in a vibrant and growing community. Also available for sale - 22 Washington, directly next door, with 2 additional commercial tenants and 2 residential apartments. MLS# 202527946
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0BEDS
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0.08ACRES
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5BATHS
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01/2 BATHS
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3,218SQFT
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$241$/SQFT
Description
Ideally located in the business district of the Village of Ballston Spa, this commercial building is one of two buildings being offered for sale by this owner. Both are in excellent condition and offer a rare turn-key opportunity for investors or owner-occupants. This property at 20 Washington St is fully rented and features (4) street-level retail spaces with private entrances & individual bathrooms plus (6) studio spaces upstairs with one shared bathroom in the hall. Total rental income for this building is $67,620 annually. Expenses are $16,765 annually. All upstairs utilities are paid by the landlord. All downstairs utilities are paid by the tenants, except water & sewer. No off street parking. Located directly across from the Speckled Pig, this is a popular location with many shops & eateries close by. This property presents a strong and flexible investment opportunity in a vibrant and growing community. Also available for sale - 22 Washington, directly next door, with 2 additional commercial tenants and 2 residential apartments. MLS# 202527946
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