2276-2284 Saranac Avenue, Lake Placid, NY 12946 (MLS# 208212)

Description

Exceptional Investment Opportunity - Two Commercial Buildings + Cottage - Conveniently located less than a mile from Main Street Lake Placid, this unique offering combines residential and office space, generous on-site parking, multiple buildings, and a variety of tenant amenities. The property offers tremendous flexibility for continued income production, owner occupancy, potential short-term rental use, or a combination of uses. 2276 Saranac Avenue features a 10-unit mixed-use building with eight residential apartments consisting of two studios, four one-bedroom units, and two two-bedroom units, along with two main-level office spaces. A separate one-bedroom, one-bath cottage is located behind the main building. Additional amenities include coin-operated tenant laundry on the lower level, a side garden, and a storage shed. 2284 Saranac Avenue is a four-unit office building with additional lower-level tenant amenities and common areas, including individual storage bins, a kitchen with sink and refrigerator/freezer, conference room, half bath, and additional storage space. The photographs shown are representative of the properties and their many spaces. With numerous apartments, offices, common areas, and ancillary spaces throughout the offering, there is considerably more to see. An in-person tour is encouraged to fully appreciate the scope, versatility, and potential of these properties.

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $2,060,000 Original List Price: 2060000 List Price: $2,060,000 Status: Active Listing Contract Date: 2026-08-22 Property Sub Type: Mixed Use Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 9775.58 Land Tax Annual Amount: 9775.58 APA: Hamlet Deed Date: 1987-01-30

General Property Information

Tax Assessed Value: 1246200 Enhanced Accessible: Yes Horse YN: No Stories Total: 3 Building Area Total: 9227 Year Built: 1948 Open Parking YN: 1 Open Parking Spaces: 20 Parking Total: 20 Lot Size Acres: 0.95 Water Body Name: None Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-08-23 Major Change Timestamp: 2026-08-23T18:55:41Z Major Change Type: New Listing

Accessibility Features

Accessible Approach with Ramp: 1

Basement

No Inside Entry: 1 Partial: 1 Walk-Out Access: 1

Construction Materials

Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 97 Volume: 876

Documents Available

Deed: 1 Leases: 1 Survey: 1

Electric

200+ Amp Service: 1

Exemptions

No Exemptions: 1

Exterior Features

Garden: 1

Flooring

Carpet: 1 Tile: 1

Foundation Details

Poured: 1

Heating

Baseboard: 1 Electric: 1 Separate Meters: 1

Laundry Features

Common Area: 1 In Basement: 1 Laundry Room: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Few Trees: 1 Garden: 1 Paved: 1

Parking Features

No Garage: 1 Off Street: 1 Parking Lot: 1 Shared Driveway: 1

Road Frontage Type

Highway: 1 Public: 1 State Road: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Structure Type

Mixed Use: 1 Multi Family: 1

Utilities

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

View

Neighborhood: 1

Water Source

Public: 1

Owner Pays

Common Area Maintenance: 1 Electricity: 1 Exterior Maintenance: 1 Grounds Care: 1 Hot Water: 1 Insurance: 1 Repairs: 1 Sewer: 1 Snow Removal: 1 Taxes: 1 Water: 1

Tenant Pays

Cable TV: 1 Telephone: 1 Trash Collection: 1 Other: 1

Building Features

Apartments: 1 Office Commercial: 1

Location Tax and Legal

Street Number: 2276-2284 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: 42.142-4-1.002 Directions: From Main Street Lake Placid, follow route 86 toward Saranac Lake, pass St. Agnes church and school, property is 4th on the left, across from BOHO hotel.

Unit Details

Number Of Units Leased: 10

Property Features

Accessibility Features: Accessible Approach with Ramp Basement: No Inside Entry; Partial; Walk-Out Access Building Features: Apartments; Office Commercial Construction Materials: Wood Siding Cooling: None Documents Available: Deed; Leases; Survey Electric: 200+ Amp Service Exemptions: No Exemptions Exterior Features: Garden Flooring: Carpet; Tile Foundation Details: Poured Heating: Baseboard; Electric; Separate Meters Laundry Features: Common Area; In Basement; Laundry Room Listing Terms: Cash; Conventional Lot Features: Few Trees; Garden; Paved Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Grounds Care; Hot Water; Insurance; Repairs; Sewer; Snow Removal; Taxes; Water Parking Features: No Garage; Off Street; Parking Lot; Shared Driveway Road Frontage Type: Highway; Public; State Road Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Structure Type: Mixed Use; Multi Family Tenant Pays: Cable TV; Telephone; Trash Collection; Other Utilities: Cable Available; Electricity Connected; Internet Available; Sewer Connected; Water Connected View: Neighborhood Water Source: Public