Adirondack Real Estate

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156 State Route 28, Inlet, NY 13360

$550,000
Property Type: Commercial Sale Square Footage: 5,800 Lot Size (sq. ft.): 14,375 Status: Closed
Current Price: $550,000 List Date: 6/06/2020 Last Modified: 9/02/2024

Description

Whether you care to run a business or just lease the space out, there is tremendous potential for all the rentals in this building, existing as well as spaces that could be developed. A 1292 sq. ft. retail area on the first floor is currently vacant and could generate $1200. per month, 200 sq. ft. coffee shop with small kitchen could be an office. The current Adirondack Reader is 1300 sq. ft. of space and additional items added to current inventory of books, games, gifts and decorative accessories. Upstairs is a spacious 2 bedroom apartment that is rented and there is a year round cottage for rent. In addition there are two more spaces which could be developed into apartments. Each would have it's own entry. All spaces are year round and there is town sewer and off street parking. The location is perfect. The building has 80' of frontage along Route 28, the main street and is adjacent to the Town Hall, parking lot, beach and play areas. Owners will finance to a qualified buyer.

More Information MLS# 169509

Location, Tax, and Legal

Tax Annual Amount: 4620 Land Tax Annual Amount: 3362 APA: Hamlet Deed Date: 1975-08-23

General Property Information

Tax Assessed Value: 368800 Lot Size Dimensions: 80 X 178 Enhanced Accessible: Yes Building Area Total: 5800 Year Built: 1972 Lot Size Acres: 0.33

Status Change Information

Status Change Timestamp: 2022-01-27 Buyer Financing: Cash Concessions Amount: 7000 Major Change Timestamp: 2022-01-27T15:34:40Z Major Change Type: Status Change Under Contract Date: 2021-11-03 Close Date: 2022-01-27 Close Price: 550000

Appliances

Electric Water Heater: 1 Water Heater: 1

Basement

None: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Central Air: 1

Deed Details

Instrument: Deed Page: 253 Volume: 166

Documents Available

Deed: 1 Lead Paint: 1

Electric

150 Amp Service: 1 200+ Amp Service: 1

Financial Details

School Taxes: 1257

Frontage Type

Frontage Length: 80

Heating

Tank Location: 1 Forced Air: 1 Oil: 1 Propane: 1

Listing Terms

Cash: 1 Conventional: 1 Owner May Carry: 1

Lot Features

Paved: 1

Parking Features

Off Street: 1 Parking Lot: 1 Public Parking: 1

Road Frontage Type

Public: 1

Road Surface Type

Gravel: 1 Paved: 1

Roof

Composition: 1

Security Features

Carbon Monoxide Detector(s): 1

Special Listing Conditions

Standard: 1

Utilities

Internet Available: 1

View

Commercial: 1

Water Source

Private: 1

Tenant Pays

None: 1

Included

None: 1

Unit One

Total SqFt: 1292 Unit Name: Retail

Unit Two

Total SqFt: 1626 Unit Name: Retail

Unit Three

Total SqFt: 1000 Unit Name: Apart.

Contract Information

Current Price: $550,000 Original List Price: 499000 Sold Price: $550,000 Status: Closed Listing Contract Date: 2020-06-06 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 156 Street Name: State Route 28 County: Hamilton State: NY Postal Code: 13360 Subdivision Name: None MLS Area Major: Old Forge, Inlet, Eagle Bay, Big Moose Township: Inlet School District: Inlet Parcel Number: 59.015-1-37 Zoning: Commercial Directions: Located in the middle of Inlet, New York.

Income and Expenses

Other Expense: 6000

Property Features

Appliances: Electric Water Heater; Water Heater Basement: None Construction Materials: Frame; Wood Siding Cooling: Central Air Documents Available: Deed; Lead Paint Electric: 150 Amp Service; 200+ Amp Service Heating: Forced Air; Oil; Propane Included: None Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Paved Parking Features: Off Street; Parking Lot; Public Parking Road Frontage Type: Public Road Surface Type: Gravel; Paved Roof: Composition Security Features: Carbon Monoxide Detector(s) Special Listing Conditions: Standard Tenant Pays: None Utilities: Internet Available View: Commercial Water Source: Private
Listing Courtesy of Timm Associates Sotheby's International Realty-BML
IDX
Information deemed reliable but not guaranteed.