Lake Placid, NY 12946,1991 Saranac AVE
Lake Placid, NY 12946,1991 Saranac AVE
Lake Placid, NY 12946,1991 Saranac AVE
Lake Placid, NY 12946,1991 Saranac AVE
Lake Placid, NY 12946,1991 Saranac AVE
Lake Placid, NY 12946,1991 Saranac AVE
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$1,100,000

$1,250,000

12.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

19,000 SqFt


SOLD DATE : 10/01/2021

Key Details

Sold Price $1,100,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 19,000 sqft

Price per Sqft $57

MLS Listing ID 174309

Sold Date 10/01/21

Originating Board Adirondack-Champlain Valley MLS

Year Built 1920

Annual Tax Amount $14,158

Lot Size 2.310 Acres

Acres 2.31

Lot Dimensions 2.31

Property Description

An excellent investment opportunity with long term, vacation and commercial tenants. Located in a highly visible traffic corridor in Lake Placid, the miniature golf course is on schedule to gross excellent returns this year. There are also vacation rental and long term rental apartments which make this property exceptionally appealing and profitable. The many recent renovations to the vacation rental units and the miniature golf course have enhanced the value of this property tremendously. Currently this is the only property in the area with a very busy Miniature Golf Course. Financials will be provided to qualified buyers.

Location

State NY

County Essex

Zoning Mixed

Direction 1991 and 1993 Saranac Ave

Interior

Heating Baseboard

Cooling None

Appliance Electric Water Heater

Exterior

Exterior Feature Lighting

Parking Features Off Street, Parking Lot, Private

Utilities Available Cable Available, Internet Available, Sewer Connected, Water Connected

View Commercial, Trees/Woods

Roof Type Composition

Street Surface Paved

Road Frontage Public

Building

Lot Description Level, Many Trees, Paved, Views

Foundation Poured

Structure Type Frame,Wood Siding

Schools

School District Lake Placid

Others

Senior Community No

Tax ID 42.6-4-12.100

Security Features Carbon Monoxide Detector(s)

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

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Listed by Karen Mergenthaler • Adirondack Premier Properties Berkshire Hathaway HomeService

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