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7-13 Wes Valley Road, Lake Placid, NY 12946

$565,000
Property Type: Commercial Sale Square Footage: 7,600 Lot Size (sq. ft.): 13,068 Status: Closed
Current Price: $565,000 List Date: 8/14/2024 Last Modified: 2/05/2025

Description

Great income opportunity for a business entity. Mixed commercial storage /warehouse with 4 on-site apartment units all occupied.Two units rent for $700/ mos.,one for $875/mos. and one small unit for $650/mos. 2 of the apartments are located in an adjoining small 2 family residence which is separate from the warehouse. 2 of the apartments are in the the warehouse structure and have air conditioning. There is also a garage structure next to the rear residence which is used for vehicle storage.Warehouse building has 5500 gross sf which includes 2 apts having 875 sf each.The detached 2 family residence to rear has 1500 sf.....there is also a detached garage having about 1500sf. All apartments have been renovated in recent years.The warehouse portion of the property has some 10 individual rental storage spaces which generate a monthly revenue of $500 at the present time although the owner occupies a large portion of the space for his own business use.. The interior is typically sheetrock and is clean and dry space. There is also a garage rental that generates $100 per month.The warehouse structure has a new metal roof and new siding and recent interior painting. Click to View Virtual Tour

More Information MLS# 202737

Location, Tax, and Legal

Tax Annual Amount: 6409 Land Tax Annual Amount: 2070 APA: Hamlet Deed Date: 2003-10-31

General Property Information

Tax Assessed Value: 465300 Building Area Total: 7600 Year Built: 1978 Garage YN: 1 Open Parking YN: 1 Lot Size Acres: 0.3

Status Change Information

Status Change Timestamp: 2025-02-05 Concessions: No Buyer Financing: Commercial Loan Major Change Timestamp: 2025-02-05T15:34:05Z Major Change Type: Status Change Under Contract Date: 2024-08-29 Close Date: 2025-02-04 Close Price: 565000

Basement

None: 1

Construction Materials

Wood Siding: 1

Cooling

Wall/Window Unit(s): 1

Deed Details

Instrument: warranty Page: 234 Volume: 1379

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Exterior Features

Storage: 1

Fencing

None: 1

Financial Details

School Taxes: 2578 School Taxes Description: Actual Village Taxes: 2143 Village Taxes Description: Actual

Flooring

Concrete: 1 Wood: 1

Foundation Details

Slab: 1

Frontage Type

Commercial: 1

Heating

Electric: 1

Interior Features

Apartment: 1

Listing Terms

Conventional: 1

Lot Features

Irregular Lot: 1 Level: 1 Subdivided: 1

Parking Features

Off Street: 1 On Site: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Sewer

Public Sewer: 1

Structure Type

Mixed Use: 1 Warehouse: 1

Water Source

Public: 1

Tenant Pays

Cable TV: 1 Electricity: 1

Building Features

Apartments: 1 Commercial/Residential: 1 Overhead Door(s): 1

Included

None: 1

Unit One

Unit Name: A/B Lease Rate: 1400

Unit Two

Unit Name: B Lease Rate: 700

Unit Three

Unit Name: 1 Lease Rate: 875

Showing Requirements

24 Hour Notice: 1

Contract Information

Current Price: $565,000 Original List Price: 575000 Sold Price: $565,000 Status: Closed Listing Contract Date: 2024-08-14 Property Sub Type: Mixed Use Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 7-13 Street Name: Wes Valley Street Suffix: Road County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.221-2-4.000/7.000 Zoning: Mixed Directions: Corner of Wes Valley and Mill Pond Drive

Unit Details

Number Of Units Leased: 4

Property Features

Basement: None Building Features: Apartments; Commercial/Residential; Overhead Door(s) Construction Materials: Wood Siding Cooling: Wall/Window Unit(s) Documents Available: Deed Electric: 200+ Amp Service Exterior Features: Storage Fencing: None Flooring: Concrete; Wood Foundation Details: Slab Frontage Type: Commercial Heating: Electric Included: None Interior Features: Apartment Listing Terms: Conventional Lot Features: Irregular Lot; Level; Subdivided Parking Features: Off Street; On Site Road Frontage Type: Public Road Surface Type: Paved Roof: Metal Sewer: Public Sewer Structure Type: Mixed Use; Warehouse Tenant Pays: Cable TV; Electricity Water Source: Public Showing Requirements: 24 Hour Notice
Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.