Adirondack Real Estate

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2442 Main Street, Lake Placid, NY 12946

$1,900,000
Property Type: Commercial Sale Square Footage: 6,442 Lot Size (sq. ft.): 15,246 Status: Closed
Current Price: $1,900,000 List Date: 12/16/2024 Last Modified: 7/31/2025

Description

One of the most successful and iconic locations in downtown Lake Placid is now available for sale. Situated on bustling Main Street, this two-story property has been a staple of the community for decades, remaining in the same family since 1981. The building is thoughtfully designed to accommodate a thriving restaurant and brewery operation. It features a spacious restaurant area and second floor which is suitable for offices or renovated living space. The upstairs space offers significant space with bathrooms, views of Mirror Lake and further potential to create a second floor balcony if desired. A large patio and beer garden offer an inviting outdoor setting, perfect for patrons to enjoy Lake Placid's lively atmosphere. At the rear of the property, a dedicated brewery-style garage houses brewing equipment and tap lines that connect directly to the former restaurant, creating a seamless and efficient operation. The location is unbeatable—directly across from Mid's Park, a hub of year-round concerts and Olympic activities. The property is also within walking distance of major hotels, local landmarks, and residential neighborhoods such as Hillcrest Park and Signal Hill, ensuring a steady flow of visitors and loyal patrons. This is a rare opportunity to acquire a prime piece of Lake Placid real estate in a high-demand location. This offering does not include any business interests, name, goodwill or restaurant trade fixtures only the real property. Don't miss your chance to own a cornerstone of Lake Placid's Main Street.

More Information MLS# 203624

Location, Tax, and Legal

Tax Annual Amount: 13523.28 Land Tax Annual Amount: 8085.82 Deed Date: 2003-10-06

General Property Information

Tax Assessed Value: 1028300 Stories Total: 2 Building Area Total: 6442 Year Built: 1981 Open Parking Spaces: 1 Lot Size Acres: 0.35

Status Change Information

Status Change Timestamp: 2025-07-31 Concessions: No Buyer Financing: Cash Major Change Timestamp: 2025-07-31T21:04:13Z Major Change Type: Status Change Under Contract Date: 2025-04-29 Close Date: 2025-07-31 Close Price: 1900000

Exterior Features

Courtyard: 1 Lighting: 1

Frontage Type

Commercial: 1

Heating

Electric: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Roof

Asphalt: 1

Security Features

Smoke Detector(s): 1

Sewer

Public Sewer: 1

Structure Type

Restaurant/Bar: 1

Utilities

Cable Available: 1 Electricity Connected: 1 Sewer Connected: 1

View

Commercial: 1

Water Source

Public: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $1,900,000 Original List Price: 2300000 Sold Price: $1,900,000 Status: Closed Listing Contract Date: 2024-12-16 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2442 Street Name: Main Street Suffix: Street County: Essex State: NY Postal Code: 12946 Parcel Number: 42.158-6-4.000 Directions: Across from Mid's Park in Lake Placid

Property Features

Exterior Features: Courtyard; Lighting Frontage Type: Commercial Heating: Electric Included: Equipment; Fixtures; Furniture Listing Terms: 1031 Exchange; Cash; Conventional Roof: Asphalt Security Features: Smoke Detector(s) Sewer: Public Sewer Structure Type: Restaurant/Bar Utilities: Cable Available; Electricity Connected; Sewer Connected View: Commercial Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent

Documents

Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.