Adirondack Real Estate

Exceptional mixed-use commercial building ideally positioned in the heart of Saranac Lake's central business district. Featuring attractive architecture and strong curb appeal, this high-visibility, income-producing property sits directly across from the landmark Hotel Saranac, placing it at the center of downtown activity. The property offers two expansive commercial spaces. The street-level storefront is currently occupied by The Village Mercantile under a long-term lease, providing stable income. The lower-level commercial space, with direct access from Berkeley Square, is presently available--ideal for an owner-user or additional rental opportunity. Above, a spacious and fully remodeled two-bedroom apartment delivers added income potential or a desirable live-work option. With its roomy living, kitchen, and dining areas, the apartment provides plenty of space for individuals looking to work from home. The apartment also includes a convenient laundry area. The building has seen numerous exterior improvements over the past decade, including a new roof installed in 2021. Uniquely situated between two charming green spaces--Vest Pocket Park and Berkeley Square--the property benefits from year-round community events and consistent foot traffic. A large public parking lot at the rear ensures convenient access for both tenants and customers. Outdoor recreation and cultural amenities further enhance the location, with multiple access points to the Adirondack Rail Trail nearby, and the newly opened Pendragon Theatre just a short three-minute walk away. Located in the thriving village of Saranac Lake, a growing cultural hub known for its vibrant arts scene, seasonal events, and popular summer Thursday evening art walks, this is a rare opportunity to own a well-maintained, prominently located asset in one of the Adirondacks' most dynamic downtowns.