2720 Main Street, Lake Placid, NY 12946 (MLS# 174778)

Description

Looking to invest in a multi-unit building? This 5 unit structure includes 2- 2 bedroom apts., 1- 1 bedroom apt,an office and a Main Street storefront.Conveniently located, across from Stewarts, with plenty of on-site parking to accommodate all tenants and guests. This Main Street location is prime,and situated in the Village Center district zoning corridor providing endless use potential. Enjoy all the village has to offer such as shopping, dining, movie theater, swimming and boating on Mirror Lake, summer concerts in the park or just a stroll around the lake! All units are rented on a month to month basis.. There is a possibility to build an extra structure in the rear for more rental units.

Location, Tax, and Legal

Tax Annual Amount: 6236.12 Land Tax Annual Amount: 1703.59 Deed Date: 2002-09-16

General Property Information

Tax Assessed Value: 364200 Building Area Total: 3888 Year Built: 1945 Lot Size Acres: 0.2

Status Change Information

Status Change Timestamp: 2022-02-28 Buyer Financing: Commercial Loan Concessions Amount: 0 Major Change Timestamp: 2022-02-28T15:18:58Z Major Change Type: Status Change Under Contract Date: 2021-10-27 Close Date: 2022-02-28 Close Price: 605000

Appliances

Electric Water Heater: 1

Basement

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

Construction Materials

Frame: 1 Masonry: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 0248 Volume: 1334

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 2549.94 Village Taxes: 1982.59

Foundation Details

Poured: 1

Heating

Baseboard: 1 Electric: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Level: 1 Paved: 1

Parking Features

Off Street: 1 Parking Lot: 1 Private: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1

Income and Expenses

Lawn Care/Snow Removal Expense: 0 Insurance Expense: 2253.23

Tenant Pays

None: 1

Building Features

Kitchen: 1

Included

Fixtures: 1

Unit One

Total SqFt: 650 Unit Name: Apt 1

Unit Two

Total SqFt: 600 Unit Name: Apt 3

Unit Three

Total SqFt: 950 Unit Name: Office

Showing Requirements

24 Hour Notice: 1 48 Hour Notice: 1 Call Listing Agent: 1 Occupied: 1

Contract Information

Current Price: $605,000 Original List Price: 630000 Sold Price: $605,000 Status: Closed Listing Contract Date: 2021-09-29 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2720 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: 42.207-4-6.000 Zoning: Commercial Directions: In Lake Placid, take Main Street to 2720

Property Features

Appliances: Electric Water Heater Basement: Finished; Full; Walk-Out Access Building Features: Kitchen Construction Materials: Frame; Masonry; Wood Siding Cooling: None Documents Available: Deed Electric: 200+ Amp Service Exterior Features: Lighting Foundation Details: Poured Heating: Baseboard; Electric Included: Fixtures Listing Terms: Cash; Conventional Lot Features: Level; Paved Parking Features: Off Street; Parking Lot; Private Road Surface Type: Paved Roof: Flat Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial Showing Requirements: 24 Hour Notice; 48 Hour Notice; Call Listing Agent; Occupied

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