1991 Saranac Avenue, Lake Placid, NY 12946 (MLS# 174309)

Description

An excellent investment opportunity with long term, vacation and commercial tenants. Located in a highly visible traffic corridor in Lake Placid, the miniature golf course is on schedule to gross excellent returns this year. There are also vacation rental and long term rental apartments which make this property exceptionally appealing and profitable. The many recent renovations to the vacation rental units and the miniature golf course have enhanced the value of this property tremendously. Currently this is the only property in the area with a very busy Miniature Golf Course. Financials will be provided to qualified buyers.

Location, Tax, and Legal

Tax Annual Amount: 14158.3 Land Tax Annual Amount: 6202.57 Deed Date: 2011-12-29

General Property Information

Tax Assessed Value: 1077800 Lot Size Dimensions: 2.31 Building Area Total: 19000 Year Built: 1920 Lot Size Acres: 2.31

Status Change Information

Status Change Timestamp: 2021-10-01 Buyer Financing: Cash Concessions Amount: 0 Major Change Timestamp: 2021-10-01T19:25:53Z Major Change Type: Status Change Under Contract Date: 2021-08-20 Close Date: 2021-10-01 Close Price: 1100000

Appliances

Electric Water Heater: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 297 Volume: 1686

Documents Available

Deed: 1

Electric

Other: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 7955.75

Foundation Details

Poured: 1

Heating

Baseboard: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Level: 1 Many Trees: 1 Paved: 1 Views: 1

Parking Features

Off Street: 1 Parking Lot: 1 Private: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Carbon Monoxide Detector(s): 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1 Trees/Woods: 1

Tenant Pays

Electricity: 1 Insurance: 1 Water: 1

Building Features

Kitchen: 1

Included

Fixtures: 1

Unit One

Unit Name: 6000

Unit Two

Unit Name: 2040

Unit Three

Unit Name: 1200

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $1,100,000 Original List Price: 1250000 Sold Price: $1,100,000 Status: Closed Listing Contract Date: 2021-08-10 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 1991 Street Name: Saranac Street Suffix: Avenue County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.6-4-12.100 Zoning: Mixed Directions: 1991 and 1993 Saranac Ave

Property Features

Appliances: Electric Water Heater Building Features: Kitchen Construction Materials: Frame; Wood Siding Cooling: None Documents Available: Deed Electric: Other Exterior Features: Lighting Foundation Details: Poured Heating: Baseboard Included: Fixtures Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level; Many Trees; Paved; Views Parking Features: Off Street; Parking Lot; Private Road Frontage Type: Public Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s) Special Listing Conditions: Standard Tenant Pays: Electricity; Insurance; Water Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Trees/Woods Showing Requirements: Appointment Only; Call Listing Agent

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