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Adirondack Real Estate

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2720 Main Street, Lake Placid, NY 12946

$695,000
Property Type: Commercial Sale Square Footage: 3,888 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $695,000 List Date: 7/18/2026 Last Modified: 9/18/2026

Description

Commercial multi-use investment property conveniently located on Main Street in Lake Placid. Five rental units include 2- 2 bedroom apartments, 1- 1 bedroom apartment, a very large office space, and a Main Street retail space. Conveniently located across from Stewarts, and next to a very highly reviewed restaurants. Ample off-street parking in the rear to accommodate all tenants and guests. This Main Street location is situated in the Village Center district zoning corridor providing multi-use potential, including short-term vacation rentals. All apartment, retail space and office space currently rented.

More Information MLS# 207900

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $695,000 Original List Price: 710000 List Price: $695,000 Status: Active Listing Contract Date: 2026-07-17 Property Sub Type: Mixed Use Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 8579 Land Tax Annual Amount: 2240 Deed Date: 2022-02-28

General Property Information

Stories Total: 2 Building Area Total: 3888 Year Built: 1945 Open Parking YN: 1 Open Parking Spaces: 8 Lot Size Acres: 0.2

Status Change Information

Status Change Timestamp: 2026-07-18 Major Change Timestamp: 2026-09-18T15:26:37Z Major Change Type: Price Reduced Price Change Timestamp: 2026-09-18T15:26:37Z

Construction Materials

2x6 Walls: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 133 Volume: 2074

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 3292 School Taxes Description: Actual Village Taxes: 2829 Village Taxes Description: Actual

Flooring

Carpet: 1 Hardwood: 1 Tile: 1

Foundation Details

Poured: 1

Frontage Type

Frontage Length: 51 Commercial: 1

Heating

Electric: 1

Interior Features

Apartment: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Cleared: 1

Parking Features

Off Street: 1 Parking Lot: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Sewer

Public Sewer: 1

Structure Type

Mixed Use: 1

Utilities

Electricity Connected: 1 Internet Connected: 1 Sewer Connected: 1 Water Connected: 1

View

Commercial: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 53995 Insurance Expense: 2069 Water Sewer Expense: 1018

Owner Pays

Grounds Care: 1 Sewer: 1 Snow Removal: 1 Taxes: 1 Water: 1

Tenant Pays

Electricity: 1

Building Features

Apartments: 1 Mixed Commercial: 1 Storefront: 1

Included

Fixtures: 1

Unit One

Unit Name: Unit 1 Lease Rate: 1100

Unit Two

Unit Name: Unit 2 Lease Rate: 900

Unit Three

Unit Name: Unit 3 Lease Rate: 1200

Location Tax and Legal

Street Number: 2720 Street Name: Main Street Suffix: Street County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: N Elba Parcel Number: 42.207-4-6.000 Directions: Main Street across from parking lot between HPC and Stewarts.

Unit Details

Number Of Units Leased: 4

Property Features

Building Features: Apartments; Mixed Commercial; Storefront Construction Materials: 2x6 Walls; Wood Siding Cooling: None Documents Available: Deed Electric: 200+ Amp Service Flooring: Carpet; Hardwood; Tile Foundation Details: Poured Frontage Type: Commercial Heating: Electric Included: Fixtures Interior Features: Apartment Listing Terms: Cash; Conventional Lot Features: Cleared Owner Pays: Grounds Care; Sewer; Snow Removal; Taxes; Water Parking Features: Off Street; Parking Lot Road Frontage Type: Public Road Surface Type: Paved Roof: Flat Sewer: Public Sewer Structure Type: Mixed Use Tenant Pays: Electricity Utilities: Electricity Connected; Internet Connected; Sewer Connected; Water Connected View: Commercial Water Source: Public
Listing Courtesy of Bob Miller Real Estate
IDX
Information deemed reliable but not guaranteed.
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