Commercial Building Main Street Lake Placid

Commercial Main Street building of Lake Placid, NY with a dock and waterfront on Mirror Lake. This building has 5 occupied apartments that bring in an annual income of $56,400 and 2 storefronts with a total of approximately 1400 sq ft total with annual rental income of $61,200. The combined total income for the building is $117,600.00.  There have been many recent updates and improvements completed since this LLC purchased the building. The tenants pay their own utilities and are responsible for trash removal. All apartments have access to the back yard with a patio and dock on Mirror Lake. This very well placed building also offers beautiful Whiteface Mountain and Southern Range views. This is an excellent investment opportunity that also affords a business owner the possibility of residing in the same building.  The Listing Broker is a partner owner in the LLC ownership of the building.