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Adirondack Real Estate

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2663 Main Street, Lake Placid, NY 12946

$610,000
Property Type: Commercial Sale Square Footage: 8,316 Lot Size (sq. ft.): 9,583 Status: Closed
Current Price: $610,000 List Date: 12/18/2023 Last Modified: 1/29/2025

Description

Great commercial investment with long term tenants in place with multi-year leases for their well established businesses. Central location, close to Olympic Center, Main Street shopping and dining, swimming, hiking and golf. Landlord provides Fire Insurance and pays property taxes. Tenants are responsible for liability insurance covering both landlord and tenant, all utilities, service contracts, fuel, contents and business interruption insurance, trash removal, electric, cable, phone, internet, cleaning

More Information MLS# 177084

Location, Tax, and Legal

Tax Annual Amount: 9366.47 Land Tax Annual Amount: 2647.8 Deed Date: 1991-10-24

General Property Information

Tax Assessed Value: 591200 Building Area Total: 8316 Year Built: 1990 Lot Size Acres: 0.22 Water Body Name: None

Status Change Information

Status Change Timestamp: 2025-01-29 Concessions: No Buyer Financing: Commercial Loan Major Change Timestamp: 2025-01-29T23:49:37Z Major Change Type: Status Change Price Change Timestamp: 2024-03-26T20:09:35Z Under Contract Date: 2024-05-08 Close Date: 2025-01-29 Close Price: 610000

Appliances

Electric Water Heater: 1

Basement

None: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Ductless: 1

Deed Details

Instrument: Deed Page: 343 Volume: 1000

Documents Available

Deed: 1 Leases: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 3700.96 Village Taxes: 3017.71

Foundation Details

Slab: 1

Heating

Baseboard: 1 Ductless: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

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

Parking Features

On Street: 1 Public Parking: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Fire Sprinkler System: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1

Income and Expenses

Gross Income: 66000

Tenant Pays

Electricity: 1 Heat: 1 Insurance: 1 Janitorial Service: 1 Repairs: 1 Trash Collection: 1

Included

None: 1

Unit One

Total SqFt: 2800 Unit Name: Up flr Lease Rate: 1500 Lease Expires: 2028-12-31 Year Built: 1990

Unit Two

Total SqFt: 5800 Unit Name: Main Lease Rate: 4000 Lease Expires: 2024-09-30

Showing Requirements

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

Contract Information

Current Price: $610,000 Original List Price: 850000 Sold Price: $610,000 Status: Closed Listing Contract Date: 2022-08-18 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2663 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: 42.207-1-2.000 Zoning: Mixed Directions: 2663 Main Street Lake Placid, across from the high school.

Property Features

Appliances: Electric Water Heater Basement: None Construction Materials: Frame; Wood Siding Cooling: Ductless Documents Available: Deed; Leases Electric: 200+ Amp Service Foundation Details: Slab Heating: Baseboard; Ductless Included: None Listing Terms: Cash; Conventional Lot Features: Paved; Sprinklers In Front; Sprinklers In Rear Parking Features: On Street; Public Parking Road Frontage Type: Public Road Surface Type: Paved Roof: Composition Security Features: Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Electricity; Heat; Insurance; Janitorial Service; Repairs; Trash Collection Utilities: Internet Available; Sewer Connected; Water Connected View: Commercial Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Courtesy of Engel & Volkers Lake Placid Real Estate
IDX
Broker Attribution: colleen.holmes@evrealestate.com
Information deemed reliable but not guaranteed.
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