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Listed by Elizabeth Page • KW Platform

$ 399,000

Est. payment -/mo

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Active

588 Lake Avenue Saratoga Springs, NY 12866

1 Bed

1 Bath

1,444 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,444 sqft

Price per Sqft $276

MLS Listing ID 202611035

Bedrooms 1

Half Baths 1

HOA Y/N No

Year Built 1960

Annual Tax Amount $6,271

Lot Size 2.340 Acres

Acres 2.34

Property Sub-Type Single Family Residence

Source Global MLS

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.

Location

State NY

County Saratoga

Direction Exit 14 or Exit 15 to Lake Avenue (Rt 29) Pass Stewarts on the right. 588 Lake Avenue

Interior

Interior Features Solid Surface Counters

Heating Forced Air, Propane

Exterior

Exterior Feature Gas Grill

Parking Features Off Street

Utilities Available Cable Available

Roof Type Asphalt

Building

Lot Description Road Frontage, Cleared

Sewer Septic Tank

Architectural Style Ranch

New Construction No

Schools

School District Saratoga Springs

Others

Tax ID 411589 167.-2-64

Special Listing Condition Standard

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NYS Licensed Real Estate Brokerage | License ID: 109931319

+1(518) 882-6236

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