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2279 Saranac AVE Lake Placid, NY 12946
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Key Details
Sold Price $895,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 5,776 sqft
Price per Sqft $154
MLS Listing ID 165898
Sold Date 07/12/22
Year Built 1938
Annual Tax Amount $13,235
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Business
Source Adirondack-Champlain Valley MLS
Property Description
An investors opportunity awaits in this amazing building with 4 INCOME PRODUCING UNITS. The renovated first level offers either a restaurant, currently leased as Purple Sage (with a famous Chef), with indoor and outdoor seating, storefront, or offices. TWO BRAND NEW, 2 bedroom apartments built on the second floor- currently renting as long term at $1300/month, and a studio on the top level. All units have been constructed with high quality finishes and noise reduction walls and floors. The building includes off street parking lot and is just a short walk to Main Street shops in this ideal location. This is an investors dream to lease the main level and vacation rent out the apartments while you can sit back and enjoy. 2021 3 year lease with restaurant.
Location
State NY
County Essex
Zoning Commercial
Direction located directly on Saranac Ave. Across the street from the Engel & Volkers office
Body of Water None
Rooms
Basement Full, Unfinished
Interior
Heating Baseboard, Electric, Hot Water
Cooling Wall Unit(s)
Appliance Electric Water Heater
Exterior
Exterior Feature Lighting
Parking Features Off Street, Parking Lot
Utilities Available Cable Available, Internet Available, Sewer Connected, Water Connected
View Commercial, Trees/Woods
Roof Type Composition
Street Surface Paved
Building
Lot Description Many Trees, Paved, Sprinklers In Front, Sprinklers In Rear
Foundation Concrete Perimeter
Structure Type Frame,Wood Siding,2x6 Walls
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 42.142-1-8.009
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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