Adirondack Real Estate

NEW PRICE. Commercial/Residential Opportunity in the Heart of Saranac Lake. Welcome to a unique investment opportunity in one of the most vibrant and artistic communities in the Adirondacks. With 7,562 square feet of gross floor space, this versatile building offers incredible potential for commercial, residential, or mixed-use development. The rear part of the building has a huge workshop used for set building. Ideally located directly on the 34 mile Adirondack Rail Trail and just steps from Lake Flower and the NY State boat launch, this property puts nature, recreation, and convenience right at your doorstep. It's also within walking distance to downtown Saranac Lake, giving you immediate access to charming shops, restaurants, galleries, and community events. For nearly four decades, this building has been home to Pendragon Theatre, a cornerstone of the thriving Saranac Lake arts scene. With flexible layout options and ample storage, the space is ripe for transformation. Convert it into multi-unit apartments or maintain a combination of a live/work set up with a boutique commercial venue. Whether you're an investor, entrepreneur, or developer, come be part of flourishing, culturally rich community, and bring new life to a beloved Saranac Lake landmark.