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2177 Saranac Avenue, Lake Placid, NY 12946

$450,000
Property Type: Commercial Sale Square Footage: 3,228 Lot Size (sq. ft.): 10,890 Status: Closed
Current Price: $450,000 List Date: 5/06/2021 Last Modified: 9/02/2024

Description

Great Investment Opportunity, large 5 unit building located in the Gateway Corridor! K-Nails commercial space along with 4 ample apartments, with views of Paradox Bay on Lake Placid. New furnace and hot water heater in 2019 as well as new plumbing and electrical upgrades!

More Information MLS# 173273

Location, Tax, and Legal

Tax Annual Amount: 3904.3 Land Tax Annual Amount: 1034.68 APA: Hamlet Deed Date: 1995-06-01

General Property Information

Tax Assessed Value: 221200 Building Area Total: 3228 Year Built: 1945 Lot Size Acres: 0.25

Status Change Information

Status Change Timestamp: 2021-09-24 Buyer Financing: Seller Financing Concessions Amount: 0 Major Change Timestamp: 2021-09-24T19:59:20Z Major Change Type: Status Change Under Contract Date: 2021-07-06 Close Date: 2021-09-24 Close Price: 450000

Appliances

Electric Water Heater: 1

Basement

Crawl Space: 1 Full: 1

Construction Materials

Block: 1 Vinyl Siding: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 247 Volume: 1087

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 1632.78 Village Taxes: 1236.84

Foundation Details

Block: 1

Heating

Hot Water: 1 Oil: 1

Lot Features

Paved: 1

Parking Features

Off Street: 1 Parking Lot: 1 Private: 1

Road Frontage Type

Easement: 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

Commercial: 1 Lake: 1 Mountain(s): 1 Water: 1

Income and Expenses

Gross Income: 43500 Lawn Care/Snow Removal Expense: 650 Net Operating Income: 32000 Other Expense: 7000

Tenant Pays

None: 1

Included

None: 1

Unit One

Unit Name: K-Nails Lease Rate: 825 Lease Expires: 2022-03-01 Retail SqFt: 700 Year Built: 1945

Unit Two

Unit Name: Apt 2 Dimensions: 800 sqft Lease Rate: 850 Retail SqFt: 800 Year Built: 1945

Unit Three

Unit Name: Apt 3 Dimensions: 500 sqft Lease Rate: 550 Retail SqFt: 500 Year Built: 1945

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $450,000 Original List Price: 575000 Sold Price: $450,000 Status: Closed Listing Contract Date: 2021-05-06 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2177 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: 42.125-2-8.000 Zoning: Mixed Directions: 2177 Saranac Avenue. K-Nails Building Next to Paradox Lodge, Across the street from McDonalds.

Property Features

Appliances: Electric Water Heater Basement: Crawl Space; Full Construction Materials: Block; Vinyl Siding; Wood Siding Cooling: None Electric: 200+ Amp Service Exterior Features: Lighting Foundation Details: Block Heating: Hot Water; Oil Included: None Lot Features: Paved Parking Features: Off Street; Parking Lot; Private Road Frontage Type: Easement Road Surface Type: Paved Roof: Composition Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Lake; Mountain(s); Water Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Courtesy of The Reynolds Group of Lake Placid, LLC
IDX
Information deemed reliable but not guaranteed.