SARATOGA SPRINGS — Joan Purtell, a commercial sales associate with Coldwell Banker Commercial Prime Properties, represented the buyer in the recent purchase of a mixed-use property at 227 Washington Street for $1,650,000.
Saratoga Springs Acquisitions, a newly formed limited liability company (LLC) based in Lyndhurst, New Jersey, purchased the property from 227 Washington, LLC.
The 7,700-square-foot space, a multi-use building with retail and office spaces on the lower level and apartment units above, is in mint condition. The property is currently under full lease.
“This purchase represents a tremendous commercial investment for the buyer. Higher density not only means that utilities are being used efficiently, it can also ensure an optimal level of tax revenue from land use,” said Purtell. “Mixed-use zoning makes sense from a fiscal standpoint as well as a sustainability and efficiency perspective.”
Saratoga Springs Acquisitions LLC will continue to use the property as is with no decisions for future plans at this time.
For more information about Coldwell Banker Commercial Prime Properties or inquiries about other properties available, call 518-785-9000 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
