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518-523-3333

2 Commercial Buildings with Restaurants & Apartments in Lake Placid

$695,000
| MLS #: 161288 | 7,409 sq. ft
Margie Papier Philo
NYS Real Estate Broker/Owner
Office: (518) 523-3333
Cell: (518) 524-7347
margie@adkpp.com
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This commercial listing is ideally located on Main Street in Lake Placid, NY. The assessed values, taxes and parcel size noted include both the front Main Street building with the 2 restaurants (Aki Sushi and the Farmhouse) and 3 apartments along with the rear building, Tax ID # 42.207-4-11.000 that has 4 apartments and a parking area. The tenants pay their own electric and this combined property provides an excellent income of $88,200 yearly or $7,350 monthly. Both of the commercial spaces and all apartments are fully occupied and an investor would be able to increase rents on the apartments subject to lease expiration.

Great Main Street Location for 2 Commercial Buildings!

Interior Details

Style:
  • Apartments
  • Commercial
  • Restaurant
Square Feet: 7409

Exterior Details

Location: : Lake Placid
APX Acreage: 0.23
7 Parking Spaces
County: Essex
No Garage
School District: Lake Placid
Total Taxes: $ 10900.60
Views:
  • Commercial
  • Mountains
  • Residential
Zoning:
  • Commercial
  • Mixed
  • Additional Features: Front Building has 2 Retail Spaces on Main Street with 3 Apartments
  • Additional Features: Rear Building has 4 Apartments and plenty of parking space