2431 Main Street, Lake Placid, NY 12946 (MLS# 167227)

Description

Commercial Building on Main Street with three storefronts including the Breakfast Club Restaurant, Berkshire Hathaway Adirondack Premier Properties ( with a 25 year lease and staying ) , Pinch and Pound, nine apartments and 53 feet of waterfront on Mirror Lake. Commercial spaces have long leases to survive a sale and they ALL plan on staying. The sale of the building includes the restaurant fixtures with seating for 100+ and full service bar. Fantastic rent roll income over $231,000.00 yearly for a new owner that wants turn key tenants with excellent passive income. All apartments are fully occupied with no vacancy for the last 5 years. Upgrades to the building and apartments have been significant to include, new roof, plumbing throughout, sewer, electrical work, full basement sheet rock, plumbing, wiring and ceilings, and the outdoor of building painted. Original oil tank removed and closed with all environmental paperwork.. Listing Broker is a also member owner of the selling LLC

Location, Tax, and Legal

Tax Annual Amount: 20422 Land Tax Annual Amount: 5487 APA: Hamlet Deed Date: 2014-10-14

General Property Information

Tax Assessed Value: 1169200 Lot Size Dimensions: 60 x 125 Enhanced Accessible: Yes Building Area Total: 9000 Year Built: 1907 Lot Size Acres: 0.06 Waterfront YN: 1 Water Body Name: Mirror Lake

Status Change Information

Status Change Timestamp: 2020-02-25 Buyer Financing: Cash Concessions Amount: 0 Major Change Timestamp: 2020-02-25T20:34:54Z Major Change Type: Status Change Under Contract Date: 2019-10-21 Close Date: 2020-02-25 Close Price: 1650000

Accessibility Features

Accessible Restroom: 1

Appliances

Electric Water Heater: 1

Basement

Full: 1 Unfinished: 1 Walk-Out Access: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Window Unit(s): 1

Deed Details

Instrument: deed Page: 14 Volume: 1781

Documents Available

Deed: 1 Lead Paint: 1 Leases: 1

Electric

Other: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 8311 Village Taxes: 6624

Foundation Details

Block: 1

Heating

Baseboard: 1 Electric: 1 Hot Water: 1 Oil: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Level: 1 Paved: 1 Sprinklers In Front: 1 Sprinklers In Rear: 1

Parking Features

On Street: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Rolled/Hot Mop: 1

Security Features

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

Special Listing Conditions

Standard: 1

Utilities

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

View

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

Income and Expenses

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

Owner Pays

Management: 1

Tenant Pays

Electricity: 1

Building Features

Kitchen: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 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

Contract Information

Current Price: $1,650,000 Original List Price: 1650000 Sold Price: $1,650,000 Status: Closed Listing Contract Date: 2019-10-15 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2431 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: 42.159-1-10.000 Zoning: Commercial Directions: Located on Main Street Lake Placid across from The Palace Movie Theater

Property Features

Accessibility Features: Accessible Restroom Appliances: Electric Water Heater Basement: Full; Unfinished; Walk-Out Access Building Features: Kitchen Construction Materials: Frame; Wood Siding Cooling: Window Unit(s) Documents Available: Deed; Lead Paint; Leases Electric: Other Exterior Features: Lighting Foundation Details: Block Heating: Baseboard; Electric; Hot Water; Oil Included: Equipment; Fixtures; Furniture Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level; Paved; Sprinklers In Front; Sprinklers In Rear Owner Pays: Management Parking Features: On Street Road Frontage Type: Public Road Surface Type: Paved Roof: Rolled/Hot Mop Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Electricity Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected; Propane View: Commercial; Lake; Mountain(s); Water