126-130 Broadway, Saranac Lake, NY 12983 (MLS# 148326)

Description

Two buildings with a very visible storefront and 6 apartments. Many improvements have been made including roof, 3 new furnaces, wiring, siding, windows, floors, fantastic income is produced from the 6 residential units. Full basement under both buildings could create more income. Located on a main artery into Saranac Lake from the hospital, Lake Colby Beach, great spot for any business, others on this block include, 2 Convenient Stores, 2 Restaurant, Federal Credit Union, Adult Center, Professional offices. Close to Saranac lake chain of lakes, Ampersand Bay on Lower Saranac Lake, Lake Colby, Downtown Saranac Lake, be a part of this blooming area of Saranac lake known as UpTown Saranac Lake

Location, Tax, and Legal

Tax Annual Amount: 7520.26 Land Tax Annual Amount: 1503 APA: Hamlet Deed Date: 2001-11-16

General Property Information

Tax Assessed Value: 252600 Lot Size Dimensions: .28 Building Area Total: 5994 Year Built: 1923 Lot Size Acres: 0.28 Water Body Name: None

Status Change Information

Status Change Timestamp: 2015-09-25 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2015-09-25T19:37:10Z Major Change Type: Status Change Under Contract Date: 2015-05-29 Close Date: 2015-09-25 Close Price: 330000

Appliances

Oil Water Heater: 1

Basement

Full: 1 Unfinished: 1 Walk-Out Access: 1

Construction Materials

Brick: 1 Frame: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 33 Volume: 789

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 2211 Village Taxes: 3806.26

Heating

Forced Air: 1 Hot Water: 1 Oil: 1

Listing Terms

Cash: 1

Lot Features

Paved: 1

Parking Features

Off Street: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Special Listing Conditions

Standard: 1

Utilities

Cable Available: 1 Internet Available: 1 Sewer Connected: 1 Water Connected: 1

View

Commercial: 1

Income and Expenses

Gross Income: 63000 Lawn Care/Snow Removal Expense: 0 Insurance Expense: 2893 Net Operating Income: 42400 Other Expense: 13400

Tenant Pays

Electricity: 1

Included

None: 1

Unit One

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Two

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Three

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Contract Information

Current Price: $330,000 Original List Price: 490000 Sold Price: $330,000 Status: Closed Listing Contract Date: 2014-01-23 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 126-130 Street Name: Broadway County: Franklin State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: Harrietstown School District: Saranac Lake Parcel Number: 446.-68-6-16/15 Zoning: Mixed Directions: Take Broadway thru light at Bloomingdale intersection, these two buildings are just beyond the Firehouse on right.

Property Features

Appliances: Oil Water Heater Basement: Full; Unfinished; Walk-Out Access Construction Materials: Brick; Frame; Wood Siding Cooling: None Documents Available: Deed Electric: 200+ Amp Service Heating: Forced Air; Hot Water; Oil Included: None Listing Terms: Cash Lot Features: Paved Parking Features: Off Street Road Frontage Type: Public Road Surface Type: Paved Roof: Flat Special Listing Conditions: Standard Tenant Pays: Electricity Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial

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