588 Lake AvenueSaratoga Springs, NY 12866Price: $399,000

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.