$815,000
$849,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
5,127 SqFt
SOLD DATE : 10/26/2022
Key Details
Sold Price $815,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 5,127 sqft
Price per Sqft $158
MLS Listing ID 176512
Sold Date 10/26/22
Originating Board Adirondack-Champlain Valley MLS
Year Built 1975
Annual Tax Amount $6,124
Lot Size 0.390 Acres
Acres 0.39
Lot Dimensions .39
Property Description
Well-established commercial building on a highly visible roadway in Lake Placid & within walking distance to Main Street. Across the street from a highly anticipated 185 room hotel, this one story building currently houses 2 successful businesses with a total square footage of 5127 sq ft and with plenty of parking available in the back lot. The front restaurant pays $2500 monthly with a month to month lease. They also pay their own electric and heat and 1/2 bld. expenses for taxes, plowing, water/sewer and trash removal. The rear restaurant pays $3200 monthly, their own electric and heat and shares plowing and trash removal costs. This location could be ideal for a new build or different type of operation. This listing also includes Tax ID# 42.125-1-1.025
Location
State NY
County Essex
Zoning Commercial
Direction Saranac Ave Lake Placid, to the Saranac Sour Dough building
Rooms
Basement Crawl Space, Dirt Floor
Interior
Heating Electric
Cooling None
Appliance Electric Water Heater
Exterior
Exterior Feature Lighting
Parking Features Off Street, Parking Lot
Utilities Available Internet Available, Sewer Connected, Water Connected
View Commercial
Roof Type Composition
Street Surface Paved
Road Frontage Public
Building
Lot Description Level, Paved
Foundation Poured
Structure Type Frame,Wood Siding
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 42.32-3-13.014
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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