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2722 Main Street, Lake Placid, NY 12946

$665,000
Property Type: Commercial Sale Square Footage: 7,409 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $665,000 List Date: 11/02/2017 Last Modified: 9/02/2024

Description

This listing, the assessed values , taxes and parcel size include both the Main Street building with two restaurants, Aki Sushi and the Farmhouse, and three apartments in this Main Street Building. The rear building being sold with this sale, Tax ID # 42.207-4-11.000 has four apartments with a parking area. Tenants pay their own electric. Excellent income of $88,700 yearly, $7390 monthly and fully occupied. An investor will be able to increase rents on the apartments subject to lease expiration. Please allow 24 hour notice for showings.

More Information MLS# 161288

Location, Tax, and Legal

Tax Annual Amount: 8676 Land Tax Annual Amount: 2097 Deed Date: 2004-03-29

General Property Information

Tax Assessed Value: 524000 Lot Size Dimensions: .23 Building Area Total: 7409 Year Built: 1935 Lot Size Acres: 0.23 Water Body Name: None

Status Change Information

Status Change Timestamp: 2019-10-15 Buyer Financing: Cash Concessions Amount: 0 Major Change Timestamp: 2019-10-15T19:26:22Z Major Change Type: Status Change Under Contract Date: 2019-08-24 Close Date: 2019-10-15 Close Price: 665000

Appliances

Electric Water Heater: 1

Basement

Unfinished: 1 Walk-Out Access: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

None: 1

Deed Details

Instrument: deed Page: 172 Volume: 1395

Documents Available

Deed: 1 Leases: 1 Property Condition: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 3659 Village Taxes: 2920

Heating

Baseboard: 1 Electric: 1

Listing Terms

Conventional: 1

Lot Features

Level: 1 Paved: 1

Parking Features

Off Street: 1 On Street: 1

Road Frontage Type

Easement: 1 Public: 1

Road Surface Type

Paved: 1

Roof

Composition: 1 Metal: 1 Rolled/Hot Mop: 1

Security Features

Carbon Monoxide Detector(s): 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1 Mountain(s): 1

Income and Expenses

Gross Income: 0 Lawn Care/Snow Removal Expense: 0 Net Operating Income: 78596

Tenant Pays

Electricity: 1 Heat: 1 Sewer: 1 Water: 1

Building Features

Kitchen: 1

Included

Equipment: 1

Unit One

Total SqFt: 0 Unit Name: rest Lease Rate: 1700 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Two

Total SqFt: 0 Unit Name: rest Lease Rate: 1475 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Three

Total SqFt: 0 Unit Name: apt Lease Rate: 775 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Showing Requirements

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

Contract Information

Current Price: $665,000 Original List Price: 695000 Sold Price: $665,000 Status: Closed Listing Contract Date: 2017-11-02 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2722 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: 42.207-4-7.000 Zoning: Commercial Directions: Main Street 2 buildings down from the American Legion

Property Features

Appliances: Electric Water Heater Basement: Unfinished; Walk-Out Access Building Features: Kitchen Construction Materials: Frame; Wood Siding Cooling: None Documents Available: Deed; Leases; Property Condition Electric: 200+ Amp Service Exterior Features: Lighting Heating: Baseboard; Electric Included: Equipment Listing Terms: Conventional Lot Features: Level; Paved Parking Features: Off Street; On Street Road Frontage Type: Easement; Public Road Surface Type: Paved Roof: Composition; Metal; Rolled/Hot Mop Security Features: Carbon Monoxide Detector(s) Special Listing Conditions: Standard Tenant Pays: Electricity; Heat; Sewer; Water Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Mountain(s) Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService
IDX
Information deemed reliable but not guaranteed.