Saranac Lake NY Commercial for Sale

ADDITIONAL INFORMATION

This property offers a rare and exciting opportunity for contractors, builders, tradespeople, mechanics, or anyone seeking specialized storage in the Saranac Lake area. The 60' x 40' heated building is fully equipped with three-phase power (440 amps), 12-foot ceilings, an air compressor, and a propane-heated hot water system, as well as a bathroom. Previously operated as a boat mechanic shop, this space is ready to go as a turnkey operation in an industrial zone close to the new Adirondack Rail Trail and other local businesses. With public water and sewer, along with NYSEG power, this versatile property is a unique find in a market where industrial buildings are increasingly hard to come by.

ADDITIONAL INFORMATION

Irving Lanes is a rare investment opportunity offering a strong 10.4% cap rate in the desirable Saranac Lake market. This 9-unit property, located downtown with lake-facing views, offers strong tenant appeal and long-term appreciation potential. It's a low-maintenance asset ideal for investors seeking high returns. The property has undergone key updates, including a new roof in 2020, updated units, newer boilers, and on-demand water heaters, all reducing future maintenance costs. Saranac Lake benefits from overflow demand from nearby Lake Placid, a renowned Winter Olympics venue, making it attractive for both long-term tenants and short-term visitors. A thriving Airbnb unit, with just three days of vacancy in the past year, highlights its income potential. With agreements in place for long-term tenants to assist in managing the property, it's an ideal choice for remote investors. Proximity to a major hospital boosts demand from professionals like travel nurses, enhancing opportunities for furnished rentals. Irving Lanes is a prime value-add opportunity in a market poised for growth, offering increasing rental demand, forced appreciation, and a lakeside downtown location.

ADDITIONAL INFORMATION

Newly painted 3 unit, with 2 bedrooms in each apartment, located just steps away from the rail trail Also conveniently located close to the Saranac river, local restaurants, the new Brewery, plus laundry & grocery stores. This home has a new metal roof, 2 decks and plenty of off street parking. The currents are on month to month leases but have lived there for several years.

ADDITIONAL INFORMATION

Seize the opportunity to own a piece of Saranac Lake's vibrant dining scene with the Downhill Grill, a renowned and well-established restaurant and bar since 1997 located in the heart of this charming town. This turnkey property is perfectly positioned for a new owner to continue its legacy as a beloved local favorite or to introduce an exciting new culinary experience to the area. Situated centrally in a thriving community known for hosting major events that draw significant foot traffic, Downhill Grill enjoys an enviable location adjacent to the Main Street municipal parking lot, ensuring easy accessibility for both locals and visitors. There is opportunity to add up to two floors to this magnificent building and the full basement offers more than sufficient storage. Whether you're looking to build upon its success or bring fresh flavors to Saranac Lake, this restaurant is primed and ready for its next chapter.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Long time established Saranac Lake commercial property that has been home to Straight's Grocery in the early 1900s, later a sporting goods store, Deissler's Bakery, Snapshot Photo and what is commonly known today as the Left Bank Cafe since 1981. 3 commercial tenants The Rock Shop, Anne's Crepes, and 3 apartments. Excellent downtown location situated along the banks of the Saranac River at the Broadway Bridge. Workshop, and owner garage space. Very well maintained situated at the Broadway Bridge on the Saranac River

ADDITIONAL INFORMATION

Multi-use commercial income producing property in excellent and updated condition. Conveniently located in Saranac Lake's finest commercial area. Home to the Village Mercantile (The Community Store), Bear Essentials retail and wholesale screen printing, embroidery and graphic design, and a large and bright 2 bedroom apartment. Next to the Saranac Lake library and directly across the street from Saranac Lake's anchor- The Hotel Saranac. Excellent income with quality long term tenants in all three spaces. Please note that the real estate is being sold, not the businesses.

ADDITIONAL INFORMATION

Originally established in 1901 as part of the renowned Saranac Inn Resort, the Saranac Inn Golf and Country Club holds a rich history. Its exceptional design was the work of Seymour Dunn, a notable Scottish professional golfer, who transformed the course in 1910. The course follows a classic Scottish design, boasting full irrigation and a delightful assortment of long, medium, and short par 3's, 4's, and 5's. It spans 6,602 yards from the back tees and 5,067 yards from the front tees, offering diverse challenges to players. The property comprises 167 acres of land, along with a small extension of 0.03 acres on Upper Saranac Lake. On-site, you'll find 11 lodging units and a 3,420 sq. ft. club house, featuring a restaurant, bar, and retail showroom. The property is being sold turnkey, inclusive of all furniture, fixtures, and equipment. Furthermore, it presents exciting development possibilities zoned APA moderate intensity. Golf Digest called it "The best course in the Adirondacks!".

ADDITIONAL INFORMATION

Prime location 1930 commercial building offering 4 levels, including basement level and an existing elevator in place that is not currently used. Each floor is approximately 3600 square feet, renovated in 1995-97 with high end finishes. Medical offices on street level, second level with current plans for two 1 bedroom apartments, 1500 sq ft and 1000 sq ft with architectural drawings, high loft ceilings, floor to ceiling windows. The third level is the owner occupied apartment which is high end and a 1600 square foot loft apartment with 1 bedroom and views, gas fireplace and potential for another apartment on that level. A NEW OWNER COULD POSSIBLY APPLY FOR A MAIN STREET FRANKLIN COUNTY GRANT.