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Adirondack Real Estate

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2413 Main Street, Lake Placid, NY 12946

$1,150,000
Property Type: Commercial Sale Square Footage: 6,000 Lot Size (sq. ft.): 4,356 Status: Closed
Current Price: $1,150,000 List Date: 1/19/2018 Last Modified: 9/02/2024

Description

Lakefront Main Street building with 5 occupied apartments that bring in an annual income of $56,400 and 2 storefronts of approx. 1400 sq ft total with annual rental income of $61,200. Combined total building income is $117,600.00. Many recent updates and improvements have been completed since this LLC purchased. Tenants pay their own utilities and trash removal. All apartments have access to the back yard with a patio and dock on Mirror Lake with beautiful Whiteface Mountain and Southern Range views. This great investment opportunity also affords a business owner the possibility of residing in the building.The Listing Broker is a partner owner in the LLC ownership.

More Information MLS# 161651

Location, Tax, and Legal

Tax Annual Amount: 14175.6 Land Tax Annual Amount: 3749.08 Deed Date: 2016-10-06

General Property Information

Tax Assessed Value: 807500 Lot Size Dimensions: 33 x 96 Building Area Total: 6000 Year Built: 1930 Lot Size Acres: 0.1 Waterfront YN: 1 Water Body Name: Mirror Lake

Status Change Information

Status Change Timestamp: 2018-05-11 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2018-05-11T19:35:48Z Major Change Type: Status Change Under Contract Date: 2018-03-23 Close Date: 2018-05-11 Close Price: 1150000

Appliances

Electric Water Heater: 1

Basement

Full: 1 Partially Finished: 1 Walk-Out Access: 1

Construction Materials

Frame: 1 Vinyl Siding: 1 Wood Siding: 1

Cooling

Central Air: 1 Window Unit(s): 1

Deed Details

Instrument: Deed Page: 85 Volume: 1851

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 5724.83 Village Taxes: 4701.72

Heating

Baseboard: 1 Electric: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Paved: 1 Sprinklers In Front: 1 Sprinklers In Rear: 1 Views: 1

Parking Features

On Street: 1 Public Parking: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Rolled/Hot Mop: 1

Security Features

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

Special Listing Conditions

Standard: 1

Utilities

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

View

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

Income and Expenses

Gross Income: 0 Lawn Care/Snow Removal Expense: 0

Tenant Pays

Electricity: 1 Heat: 1 Trash Collection: 1

Included

None: 1

Unit One

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Two

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Three

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Showing Requirements

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

Contract Information

Current Price: $1,150,000 Original List Price: 1245000 Sold Price: $1,150,000 Status: Closed Listing Contract Date: 2018-01-19 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2413 Street Name: Main Street Suffix: Street County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.159-1-3.000 Zoning: Commercial Directions: Main Street across from the High Peaks Resort on Mirror Lake

Property Features

Appliances: Electric Water Heater Basement: Full; Partially Finished; Walk-Out Access Construction Materials: Frame; Vinyl Siding; Wood Siding Cooling: Central Air; Window Unit(s) Documents Available: Deed Electric: 200+ Amp Service Exterior Features: Lighting Heating: Baseboard; Electric Included: None Listing Terms: Cash; Conventional Lot Features: Paved; Sprinklers In Front; Sprinklers In Rear; Views Parking Features: On Street; Public Parking Road Frontage Type: Public Road Surface Type: Paved Roof: Rolled/Hot Mop Security Features: Carbon Monoxide Detector(s); Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Electricity; Heat; Trash Collection Utilities: 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 Adirondack Premier Properties Berkshire Hathaway HomeService
IDX
Information deemed reliable but not guaranteed.
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