Property Type:
Residential Income
Square Footage:
7,594
Lot Size (sq. ft.):
48,352
Status:
Active
Current Price:
$1,225,000
List Date:
8/04/2026
Last Modified:
8/04/2026
Description
An exceptional investment opportunity in the heart of downtown Saranac Lake. Encompassing nearly an entire village block, this professionally managed mixed-use portfolio offers a rare combination of stability, visibility, and long-term growth potential. Situated on approximately 1.11 acres and spanning four separate tax parcels, the offering includes 18 fully leased income-producing units in one of the Adirondacks' most vibrant commercial districts.
The centerpiece is a classic four-story brick building featuring 12 residential apartments and 2 street-level commercial spaces, complemented by an adjacent building offering an additional 3 residential apartments above a commercial space. A dedicated parking lot provides ample off-street parking for tenants and street parking spaces for customers--an increasingly valuable amenity in the village center.
Steeped in local history, 139 Broadway has evolved through the years from a beloved restaurant and miniature golf attraction and continues its legacy today as a thriving commercial property. Every unit is currently leased, creating immediate income while offering future flexibility and investment upside.
Positioned in close proximity to the Adirondack Rail Trail and within the energetic heartbeat of downtown Saranac Lake, tenants enjoy walkable access to cafés, restaurants, breweries, boutique shopping, the Pendragon Theatre, the weekly Farmers Market, Riverside Park, year-round community events, and the popular Summer Concert Series. This prime location continues to benefit from the village's growing tourism economy and year-round appeal.
Whether you're expanding an investment portfolio, completing a 1031 exchange, or seeking a landmark mixed-use asset with proven performance, opportunities 133-139 Broadway represents not only a collection of buildings, but a cornerstone investment in the continued growth and vitality of one of the Adirondacks' most sought-after communities.
