Details
- Bathrooms: 0
- Status: Active
- Lot size, acres: 1.01 acres
- Category: Commercial
- Type: Multi Family
- Year built: 1935
- Lot Size Acres: 1.01 acres
- Zoning: Mixed
- County: Essex
- MLS ID: 206376
Description
- Description:
Unlock the ultimate Adirondack investment at 5732-5734 NYS Rte 86. Boasting approximately 150 feet of pristine Ausable River frontage, this 5-unit complex is a powerhouse for recreation-based income. Located just 5 minutes from Whiteface Mountain Ski Resort and 15 minutes from Lake Placid, this is a premier location for a boutique lodge or a high-performing Short-Term Rental (STR) conversion.
Investment Highlights:
Unrivaled Location: World-class fly fishing in the backyard and Olympic-grade skiing down the road.
Diverse Asset Mix: Includes four efficient units plus a detached single-family home, perfect for an on-site manager or premium vacation rental.
Separately Metered: Utilities are independent per unit, optimizing operational overhead.
Income: Currently generating $4,525/month with significant upside potential in the seasonal hospitality market.
For the investor looking to capitalize on the Adirondack tourism boom, this riverfront property offers the rare combination of high-demand location and versatile development potential.
Interior Details
- Basement: Full, Partially finished, Storage Space, Unfinished, Walk-Out Access
Location
- View: River
- WaterBodyName: Ausable River
Building & Construction
- Building Area Total: 3104 sq ft
- Number Of Units Total: 0
- Construction Materials: Wood Siding
- Sewer: Septic Tank
- Heating: Electric, Propane
- Building Features: Apartments
- Roof: Asphalt, Shingle
Amenities & Features
- Flooring: Carpet, Laminate, Luxury Vinyl, Varies, Wood
- Utilities: Electricity Connected, Water Connected, Propane
- Parking Features: Off Street, On Site, Private
- Waterfront Features: River Access
- WaterSource: Public
- Appliances: Electric Cooktop, Electric Oven, Refrigerator
- Interior Features: Apartment
- Exterior Features: Awning(s), Balcony, Dock, Garden, Private Yard
Fees & Taxes
- Tax Assessed Value: $432,110
- Gross Income: $54,900
School Information
- High School District: Lake Placid
Miscellaneous
- Road Surface Type: Paved
- Owner Pays: Insurance, Snow Removal, Taxes, Water
- Tenant Pays: All Utilities
Courtesy of
- List Office Name: Coldwell Banker Whitbeck Assoc-Saranac Lake