Details
- Bathrooms: 0
- Status: Active
- Lot size, acres: 0.07 acres
- Category: Residential Income
- Type: Apartment
- Year built: 1925
- Subdivision Name: None
- Lot Size Acres: 0.07 acres
- Zoning: Commercial
- County: Franklin
- MLS ID: 207990
Description
- Description:
A cornerstone investment in one of Saranac Lake's most desirable downtown locations. Perfectly positioned directly across from the Pendragon Theatre and Nori's Village Market, just one block from RiverTrail Beerworks, and adjacent to the scenic River Walk, this mixed-use property offers exceptional visibility, walkability, and long-term investment appeal.
The building is home to the long-established Saranac Lake Youth Center, a valued community tenant, along with four residential apartments, creating a well-balanced investment with multiple income streams. Residents and tenants enjoy easy access to downtown restaurants, cafés, shopping, parks, the Adirondack Rail Trail, and the year-round events that make Saranac Lake one of the Adirondacks' most vibrant communities.
Whether you're expanding your portfolio or seeking a well-located mixed-use asset with a strong community presence, this property combines dependable income, an outstanding location, and the opportunity to own a piece of downtown Saranac Lake's continued growth and revitalization.
Interior Details
- Basement: Full, Unfinished, Walk-Out Access
Location
- View: Commercial, River
Building & Construction
- Building Area Total: 5875 sq ft
- Number Of Units Total: 0
- Construction Materials: Brick Veneer, Wood Siding
- Heating: Hot Water, Oil
- Roof: Flat
Amenities & Features
- Electric: 200+ Amp Service
- Utilities: Internet Available, Sewer Connected, Water Connected
- Parking Features: No Garage
- Garage Spaces: 0
- Appliances: Electric Oven, Electric Range, Oil Water Heater, Refrigerator
- Interior Features: Apartment, Ceiling Fan(s)
- Window Features: Wood Frames
- Patio And Porch Features: Porch
- Cooling: None
Fees & Taxes
- Tax Assessed Value: $292,000
- Gross Income: $56,820
School Information
- High School District: Saranac Lake
Courtesy of
- List Office Name: Say Real Estate