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518-523-3333

Commercial Building Main Street Lake Placid

$1,245,000
| MLS #: 161651 | 6,000 sq. ft
SOLD
Margie Papier Philo
NYS Real Estate Broker/Owner
Office: (518) 523-3333
Cell: (518) 524-7347
margie@adkpp.com
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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.

Lakefront Commercial Building on Main Street Lake Placid

Interior Details

Style:
  • Apartments
  • Commercial
  • Store
  • Waterfront
Square Feet: 6000
Additional Rooms:
  • Apartment
Interior Features:
  • Cable

Exterior Details

Location: : Lake Placid
Exterior Features:
  • Boat Dock
  • Waterfront
APX Acreage: 0.1
33 Feet of Waterfront on Mirror Lake
County: Essex
No Garage
School District: Lake Placid
Total Taxes: $ 14175.60
Views:
  • Commercial
  • Lake
  • Mountains
Zoning:
  • Residential
  • Commercial
  • Additional Features: Carbon Monoxide Detector
  • Additional Features: Sprinkler System
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