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2728 Main Street Street, Lake Placid, NY 12946

$750,000
Property Type: Commercial Sale Square Footage: 2,789 Lot Size (sq. ft.): 8,712 Status: Closed
Current Price: $750,000 List Date: 7/18/2025 Last Modified: 1/21/2026

Description

The Downtown Diner is a well established Lake Placid restaurant located directly on Main Street within a few minutes walk of the Lake Placid Olympic Center and the Main Street business corridor. The business and building is offered turn key fully equipped including all furniture, fixtures and equipment. The main gross floor area is 2,789 sq. ft. with seating capacity for 80 customers. The lower level walkout storage area includes an additional 2,789 sq. ft.. The lot is .20 acre with parking on site for 11 vehicles. A municipal parking area is located directly opposite the property for additional parking. A rear and side yard area allows for the considerable expansion of the building. The Downtown Diner operates daily 7am to 2pm specializing in breakfast and lunch. Current financials are available to qualified buyers. Property showings can be scheduled after 2PM most days.

More Information MLS# 205267

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $750,000 Original List Price: 825000 Sold Price: $750,000 Status: Closed Listing Contract Date: 2025-07-18 Property Sub Type: Retail Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 6989.72 Land Tax Annual Amount: 1942.34 APA: Hamlet Deed Date: 2011-12-28

General Property Information

Tax Assessed Value: 536600 Stories Total: 2 Building Area Total: 2789 Year Built: 1955 Open Parking YN: 1 Open Parking Spaces: 11 Parking Total: 11 Lot Size Acres: 0.2

Status Change Information

Status Change Timestamp: 2026-01-21 Concessions: Yes Buyer Financing: Conventional Concessions Amount: 5000 Major Change Timestamp: 2026-01-21T14:39:35Z Major Change Type: Status Change Under Contract Date: 2025-10-08 Close Date: 2026-01-21 Close Price: 750000

Appliances

Built-In Electric Range: 1 Built-In Gas Oven: 1 Built-In Refrigerator: 1 Dishwasher: 1 Gas Cooktop: 1 Gas Range: 1 Range Hood: 1

Basement

Full: 1 Unfinished: 1

Cooling

Central Air: 1

Deed Details

Instrument: deed Page: 90 Volume: 1687

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 2754.94 School Taxes Description: Actual Village Taxes: 2292.44 Village Taxes Description: Actual

Flooring

Tile: 1 Vinyl: 1

Foundation Details

Poured: 1

Frontage Type

Commercial: 1

Heating

Electric: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Corner Lot: 1 Level: 1 Near Public Transit: 1 Paved: 1

Parking Features

Off Street: 1 On Street: 1 Open: 1 Parking Lot: 1 Paved: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Flat: 1

Security Features

Carbon Monoxide Detector(s): 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

Structure Type

Restaurant/Bar: 1

Utilities

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

View

Commercial: 1 Neighborhood: 1

Water Source

Public: 1

Building Features

Restaurant/Bar: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Location Tax and Legal

Street Number: 2728 Street Name: Main Street Street Suffix: Street County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.207-4-9.002 Zoning: Commercial Directions: DownTown Diner 2728 Main Street Lake Placid located opposite High Peaks Cyclery.

Property Features

Appliances: Built-In Electric Range; Built-In Gas Oven; Built-In Refrigerator; Dishwasher; Gas Cooktop; Gas Range; Range Hood Basement: Full; Unfinished Building Features: Restaurant/Bar Cooling: Central Air Documents Available: Deed Electric: 200+ Amp Service Exterior Features: Lighting Flooring: Tile; Vinyl Foundation Details: Poured Frontage Type: Commercial Heating: Electric Included: Equipment; Fixtures; Furniture Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Corner Lot; Level; Near Public Transit; Paved Parking Features: Off Street; On Street; Open; Parking Lot; Paved Property Condition: Updated/Remodeled Road Frontage Type: Public Road Surface Type: Paved Roof: Flat Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Public Sewer Structure Type: Restaurant/Bar Utilities: Cable Connected; Electricity Connected; Internet Connected; Sewer Connected; Water Connected View: Commercial; Neighborhood Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent
Listing Courtesy of Adirondack Premier Properties Berkshire Hathaway HomeService
IDX
Information deemed reliable but not guaranteed.