588 Lake Avenue, Saratoga Springs, NY 12866
Local realty services provided by:CENTURY 21 North East
Listed by: elizabeth page
Office: kw platform
MLS#:202611035
Source:Global MLS
Price summary
- Price:$399,000
- Price per sq. ft.:$276.32
About this home
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....
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Home facts
- Year built:1960
- Listing ID #:202611035
- Added:130 day(s) ago
- Updated:June 14, 2026 at 02:37 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Half bathrooms:1
- Rooms Total:3
- Kitchen Description:Built-In Gas Oven, Convection Oven, Electric Oven, Freezer, Microwave, Refrigerator, Water Purifier
- Living area:1,444 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Propane
- Central air:Yes
Structure and exterior
- Roof:Asphalt
- Year built:1960
- Building area:1,444 sq. ft.
- Lot area:2.34 Acres
- Lot Features:Cleared, Road Frontage
- Architectural Style:Ranch
- Construction Materials:Wood Siding
- Exterior Features:Gas Grill
- Foundation Description:Slab
Schools
- High school:Saratoga Springs
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$399,000
- Price per sq. ft.:$276.32
- Tax amount:$6,271
Features and amenities
- Amenities:Solid Surface Counters
Parking
- Total parking spaces:85
- Parking description:Off Street
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