74 Main Street, Saranac Lake, NY 12983 (MLS# 206172)

Description

Seize the opportunity to own a piece of Saranac Lake's vibrant dining scene with the Downhill Grill, a renowned and well-established restaurant and bar since 1997 located in the heart of this charming town. This turnkey property is perfectly positioned for a new owner to continue its legacy as a beloved local favorite or to introduce an exciting new culinary experience to the area. Situated centrally in a thriving community known for hosting major events that draw significant foot traffic, Downhill Grill enjoys an enviable location adjacent to the Main Street municipal parking lot, ensuring easy accessibility for both locals and visitors. There is opportunity to add up to two floors to this magnificent building and the full basement offers more than sufficient storage. Whether you're looking to build upon its success or bring fresh flavors to Saranac Lake, this restaurant is primed and ready for its next chapter.

Contract Information

Short Term Rental Options: Property is not available to host any STR Current Price: $595,000 Original List Price: 675000 List Price: $595,000 Status: Active Listing Contract Date: 2025-11-04 Property Sub Type: Retail Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 7554.08 Land Tax Annual Amount: 7554.08 APA: Hamlet Deed Date: 2014-08-27

General Property Information

Tax Assessed Value: 172000 Enhanced Accessible: Yes Stories Total: 1 Building Area Total: 3638 Year Built: 1940 Lot Size Acres: 0.13

Status Change Information

Status Change Timestamp: 2026-04-07 Back on Market Date: 2026-04-05 Major Change Timestamp: 2026-04-07T12:40:30Z Major Change Type: Status Change Price Change Timestamp: 2026-03-13T12:52:52Z

Accessibility Features

Accessible Common Area: 1 Accessible Doors: 1 Accessible Kitchen: 1 Accessible Restroom: 1

Appliances

Bar Fridge: 1 Cooktop: 1 Dishwasher: 1 Freezer: 1 Indoor Grill: 1 Microwave: 1 Oven: 1 Range: 1 Range Hood: 1 Refrigerator: 1 Walk-In Cooler(s): 1

Basement

Full: 1

Construction Materials

Brick: 1

Cooling

Central Air: 1

Deed Details

Page: 447 Volume: 2014

Documents Available

Deed: 1

Electric

200+ Amp Service: 1 3 Phase: 1 Circuit Breakers: 1

Exemptions

No Exemptions: 1

Exterior Features

Private Entrance: 1

Financial Details

School Taxes: 1898.18 Village Taxes: 5481.57

Flooring

Carpet: 1

Foundation Details

Stone: 1

Frontage Type

Commercial: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

City Lot: 1

Parking Features

Parking Lot: 1 Paved: 1 Public Parking: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

Public: 1

Road Surface Type

Alley Paved: 1 Paved: 1

Roof

Flat: 1 Rubber: 1

Security Features

Carbon Monoxide Detector(s): 1 Fire Alarm: 1

Sewer

Public Sewer: 1

Structure Type

Restaurant/Bar: 1 Retail: 1

Utilities

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

View

City: 1 Commercial: 1 Downtown: 1

Water Source

Public: 1

Tenant Pays

All Utilities: 1

Building Features

Kitchen: 1 Restaurant/Bar: 1 Retail Commercial: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1 Inventory: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Location Tax and Legal

Street Number: 74 Street Name: Main Street Suffix: Street County: Franklin State: NY Postal Code: 12983 Parcel Number: 447.77-8-22 Zoning: Commercial Directions: Turn onto Main St in Saranac Lake, #74

Property Features

Accessibility Features: Accessible Common Area; Accessible Doors; Accessible Kitchen; Accessible Restroom Appliances: Bar Fridge; Cooktop; Dishwasher; Freezer; Indoor Grill; Microwave; Oven; Range; Range Hood; Refrigerator; Walk-In Cooler(s) Basement: Full Building Features: Kitchen; Restaurant/Bar; Retail Commercial Construction Materials: Brick Cooling: Central Air Documents Available: Deed Electric: 200+ Amp Service; 3 Phase; Circuit Breakers Exemptions: No Exemptions Exterior Features: Private Entrance Flooring: Carpet Foundation Details: Stone Frontage Type: Commercial Included: Equipment; Fixtures; Furniture; Inventory Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: City Lot Parking Features: Parking Lot; Paved; Public Parking Property Condition: Updated/Remodeled Road Frontage Type: Public Road Surface Type: Alley Paved; Paved Roof: Flat; Rubber Security Features: Carbon Monoxide Detector(s); Fire Alarm Sewer: Public Sewer Structure Type: Restaurant/Bar; Retail Tenant Pays: All Utilities Utilities: Cable Connected; Electricity Connected; Internet Available; Sewer Connected; Water Connected; Propane View: Commercial; Downtown Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent