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129 Franklin Avenue, Saranac Lake, NY 12983

$1,275,000
Property Type: Commercial Sale Square Footage: 13,352 Lot Size (sq. ft.): 100,188 Status: Closed
Current Price: $1,275,000 List Date: 12/18/2023 Last Modified: 11/25/2024

Description

Once in a lifetime opportunity to own one of the premier buildings in Saranac Lake! The Prescott House ADK is a very well maintained, one-of-a-kind, historic building on a large 2.30-acre lot. 19 guest rooms, 4 with private baths, 15 with access to shared baths and two 2BR long-term units with their own baths and kitchens. With a stately, welcoming appeal it has a stellar, high-rated track record as a short-term rental destination. Also perfect for wedding parties, family reunions, hiking trips through the area and so many other opportunities. Huge potential for growth and expansion to larger events with the added advantage of being directly in the heart of Saranac Lake. Located just a few quick blocks from Lake Flower, Moody Pond, Mt. Baker, Main ST, Broadway, several Cafe's, Pubs, Unique Shops, Museums, the Adirondack Carousel, Music in the Parks, and Saturday Farmers Market! Sold turnkey with some items negotiable.

More Information MLS# 179245

Location, Tax, and Legal

Tax Annual Amount: 17372.6 Land Tax Annual Amount: 2272.8 APA: Hamlet Deed Date: 2017-07-03

General Property Information

Tax Assessed Value: 629400 Lot Size Dimensions: 2.30 Building Area Total: 13352 Year Built: 1905 Lot Size Acres: 2.3 Water Body Name: None

Status Change Information

Status Change Timestamp: 2024-11-25 Concessions: No Buyer Financing: Commercial Loan Concessions Amount: 0 Major Change Timestamp: 2024-11-25T16:32:20Z Major Change Type: Status Change Price Change Timestamp: 2023-09-22T12:43:35Z Under Contract Date: 2024-11-22 Close Date: 2024-11-25 Close Price: 1275000

Appliances

Oil Water Heater: 1

Basement

Finished: 1 Full: 1

Construction Materials

Brick: 1 Masonry: 1 Stone Veneer: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 277 Volume: 1878

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 5896.43 Village Taxes: 8605.37

Foundation Details

Stone: 1

Heating

Hot Water: 1 Oil: 1

Listing Terms

1031 Exchange: 1 Conventional: 1

Lot Features

Cul-De-Sac: 1 Paved: 1

Parking Features

Off Street: 1 Parking Lot: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Trees/Woods: 1

Owner Pays

Management: 1

Tenant Pays

None: 1

Building Features

Kitchen: 1

Included

Furniture: 1

Unit One

Unit Name: Rec & GR

Unit Two

Unit Name: Guest RM

Unit Three

Unit Name: Guest rm

Showing Requirements

24 Hour Notice: 1 Call Listing Agent: 1 Occupied: 1

Contract Information

Current Price: $1,275,000 Original List Price: 1495000 Sold Price: $1,275,000 Status: Closed Listing Contract Date: 2023-07-07 Property Sub Type: Business Listing Agreement: Exclusive Agency

Location Tax and Legal

Street Number: 129 Street Name: Franklin Street Suffix: Avenue County: Essex State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: N Elba School District: Saranac Lake Parcel Number: 32.182-1-19.000 Zoning: Mixed Directions: From Church St, take Helen turn left onto Franklin drive to the end of the street. Please make an appointment to view.

Property Features

Appliances: Oil Water Heater Basement: Finished; Full Building Features: Kitchen Construction Materials: Brick; Masonry; Stone Veneer; Wood Siding Cooling: None Documents Available: Deed Electric: 200+ Amp Service Foundation Details: Stone Heating: Hot Water; Oil Included: Furniture Listing Terms: 1031 Exchange; Conventional Lot Features: Cul-De-Sac; Paved Owner Pays: Management Parking Features: Off Street; Parking Lot Road Surface Type: Paved Roof: Composition Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Trees/Woods Showing Requirements: 24 Hour Notice; Call Listing Agent; Occupied
Listing Courtesy of Say Real Estate
IDX
Information deemed reliable but not guaranteed.