2279 Saranac Avenue, Lake Placid, NY 12946 (MLS# 165898)

Description

An investors opportunity awaits in this amazing building with 4 INCOME PRODUCING UNITS. The renovated first level offers either a restaurant, currently leased as Purple Sage (with a famous Chef), with indoor and outdoor seating, storefront, or offices. TWO BRAND NEW, 2 bedroom apartments built on the second floor- currently renting as long term at $1300/month, and a studio on the top level. All units have been constructed with high quality finishes and noise reduction walls and floors. The building includes off street parking lot and is just a short walk to Main Street shops in this ideal location. This is an investors dream to lease the main level and vacation rent out the apartments while you can sit back and enjoy. 2021 3 year lease with restaurant.

Location, Tax, and Legal

Tax Annual Amount: 13235.5 Land Tax Annual Amount: 2915.7 APA: Hamlet Deed Date: 1987-04-07

General Property Information

Tax Assessed Value: 633100 Building Area Total: 5776 Year Built: 1938 Lot Size Acres: 0.3 Water Body Name: None

Status Change Information

Status Change Timestamp: 2022-07-12 Buyer Financing: Conventional Concessions Amount: 7000 Major Change Timestamp: 2022-07-12T14:32:11Z Major Change Type: Status Change Under Contract Date: 2022-03-30 Close Date: 2022-07-12 Close Price: 895000

Appliances

Electric Water Heater: 1

Basement

Full: 1 Unfinished: 1

Construction Materials

2x6 Walls: 1 Frame: 1 Wood Siding: 1

Cooling

Wall Unit(s): 1

Deed Details

Instrument: Deed Page: 11 Volume: 880

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 4420.47 Village Taxes: 5899.48

Foundation Details

Concrete Perimeter: 1

Heating

Baseboard: 1 Electric: 1 Hot Water: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Many Trees: 1 Paved: 1 Sprinklers In Front: 1 Sprinklers In Rear: 1

Parking Features

Off Street: 1 Parking Lot: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Carbon Monoxide Detector(s): 1 Fire Sprinkler System: 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

Building Features

Kitchen: 1

Included

Equipment: 1 Fixtures: 1

Unit One

Total SqFt: 850 Unit Name: 2nd fl Lease Rate: 1200 Year Built: 2019

Unit Two

Total SqFt: 850 Unit Name: 2nd fl Lease Rate: 1300 Year Built: 2019

Unit Three

Total SqFt: 925 Unit Name: Studio Lease Rate: Fam Year Built: 2019

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Restricted Hours: 1

Contract Information

Current Price: $895,000 Original List Price: 925000 Sold Price: $895,000 Status: Closed Listing Contract Date: 2019-06-03 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2279 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: 42.142-1-8.009 Zoning: Commercial Directions: located directly on Saranac Ave. Across the street from the Engel & Volkers office

Property Features

Appliances: Electric Water Heater Basement: Full; Unfinished Building Features: Kitchen Construction Materials: 2x6 Walls; Frame; Wood Siding Cooling: Wall Unit(s) Electric: 200+ Amp Service Exterior Features: Lighting Foundation Details: Concrete Perimeter Heating: Baseboard; Electric; Hot Water Included: Equipment; Fixtures Listing Terms: Cash; Conventional Lot Features: Many Trees; Paved; Sprinklers In Front; Sprinklers In Rear Parking Features: Off Street; Parking Lot Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s); Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Electricity Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Trees/Woods Showing Requirements: Appointment Only; Call Listing Agent; Restricted Hours

Adirondack Real Estate

We have the experience to find an Adirondack property and turn it into a home.

BROWSE BY LOCATION