$1,100,000
$1,250,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
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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