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Siro's for sale for $3.1M; Springwater Bistro not renewing lease

Siro's for sale for $3.1M; Springwater Bistro not renewing lease

Popular restaurant Siro's near Saratoga Race Course is up for sale for $3.1 million.

A popular after-track eating spot is for sale.

Siro's, at 168 Lincoln Ave., is listed at $3.1 million with D. Vaughn Woodworth of Realty USA.

"If it sells, fine," said part owner Davis Mead. If not, he will open Siro's again this summer.

Despite the restaurant's popularity and proximity to the track, Mead said last year that business had slowed to where it wasn't economically feasible to just be open in the summers.

He announced last spring he expected to keep the restaurant open after the racing season ended last summer, even though Siro's traditionally has been open seven days a week during racing season, as well as for a Kentucky Derby party in May, weddings and other parties.

But Mead opted not to keep Siro's open year-round after last summer, he said.

Siro's started the 2008 season with a completely remodeled bar. The restaurant has been open since the 1930s, and Mead has owned it for 27 years.

In the mornings during the Saratoga meet, Siro's is the site of a handicapping seminar that is broadcast live on TV. Participants eat breakfast while they hear about the day's picks.

The restaurant is 5,906 square feet on a half-acre lot with 80 parking spaces.

Mead has been eyeing retirement and looking to move out of the restaurant business.

Last year he put his other restaurant, Bruno's on Union Avenue, up for sale. When no one bit, he didn't renew his lease with the Sutton family, which owns the land on Union Avenue where the wood-fired pizza joint stands.

So if Bruno's opens this year, it will do so under different ownership, Mead said.

Those two restaurants aren't the only ones near Saratoga Race Course that are in flux.

Springwater Bistro at the corner of Union and Nelson avenues won't renew its lease this spring.

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