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Adirondack Real Estate

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Rt. 86 Route 86- Saranac Ave., Lake Placid, NY 12946

$550,000
Property Type: Commercial Sale Square Footage: 9,100 Lot Size (sq. ft.): 94,090 Status: Closed
Current Price: $550,000 List Date: 12/07/2004 Last Modified: 9/02/2024

Description

Commercially zoned 24 unit lodging plus 2 bedroom, 2 bath owner's apartment. Great exposure on busy Rt. 86 in Lake Placid, includes 2.16 acres with stream/pond area, in ground pool and paved parking for 60 cars. One of the best commercial development locations available in Lake Placid! Motivated Seller. Priced over $300,000 less than the current tax assessed value.

More Information MLS# 120240

Location, Tax, and Legal

Tax Annual Amount: 9389 Land Tax Annual Amount: 3713 APA: Hamlet Deed Date: 1992-10-06

General Property Information

Tax Assessed Value: 899000 Lot Size Dimensions: 360ft.x288ft. Building Area Total: 9100 Year Built: 1970 Parking Total: 60 Lot Size Acres: 2.16 Waterfront YN: 1 Water Body Name: Cold Brook

Status Change Information

Status Change Timestamp: 2014-02-04 Buyer Financing: Cash Concessions Amount: 0 Major Change Timestamp: 2014-02-04T21:01:47Z Major Change Type: Status Change Close Date: 2014-02-04 Close Price: 550000

Appliances

Electric Water Heater: 1

Basement

Crawl Space: 1 Partial: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Central Air: 1

Deed Details

Instrument: deed Page: 276 Volume: 1023

Documents Available

Deed: 1 Survey: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 5676 Village Taxes: 0

Frontage Type

Frontage Length: 360

Heating

Tank Location: 1

Listing Terms

Cash: 1

Parking Features

Off Street: 1 Parking Lot: 1 Private: 1

Road Frontage Type

Public: 1

Roof

Composition: 1

Utilities

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

View

Mountain(s): 1 River: 1

Income and Expenses

Gross Income: 205000 Lawn Care/Snow Removal Expense: 0

Tenant Pays

None: 1

Building Features

Swimming Pool: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1

Unit One

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Two

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Three

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Contract Information

Current Price: $550,000 Original List Price: 1200000 Sold Price: $550,000 Status: Closed Listing Contract Date: 2004-12-07 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: Rt. 86 Street Name: Route 86- Saranac Ave. County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.32-03-8.0 Zoning: Commercial Directions: Located on Saranac Avenue opposite Cold Brook Plaza.

Property Features

Appliances: Electric Water Heater Basement: Crawl Space; Partial Building Features: Swimming Pool Construction Materials: Frame; Wood Siding Cooling: Central Air Documents Available: Deed; Survey Electric: 200+ Amp Service Included: Equipment; Fixtures; Furniture Listing Terms: Cash Parking Features: Off Street; Parking Lot; Private Road Frontage Type: Public Roof: Composition Tenant Pays: None Utilities: Cable Available; Internet Available; Water Connected; Propane View: Mountain(s); River
Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.
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