$1,195,000
$1,195,000
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4,200 SqFt
SOLD DATE : 06/22/2021
Key Details
Sold Price $1,195,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $284
MLS Listing ID 169075
Sold Date 06/22/21
Year Built 1930
Annual Tax Amount $16,207
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions .10
Property Sub-Type Business
Source Adirondack-Champlain Valley MLS
Property Description
This Lake Placid Main Street Historic Building is ideally located and renowned as a prime successful retail selling area. With 48 feet of waterfront on Mirror Lake and three (3) income producing apartments, a new retail owner can be assured of great visibility and foot traffic. Surrounded by hotels and restaurants attracting tourists and our local trade, don't miss this unique opportunity to own one of Lake Placid's most well known landmark. New tenant leases can be produced as all apartment tenants are on a month to month status. The sellers will be having a retirement sale for Ruthie's Run and will need a necessary time period to close the store after an executed contract to complete their final store sales. This sale is only for the real property ( building), no business ownership will be conveyed unless separately negotiated for sale vendors would be supplied.
Location
State NY
County Essex
Zoning Commercial
Direction Main Street across from the High Peaks Hotel
Body of Water Mirror Lake
Rooms
Basement Unfinished, Walk-Out Access
Interior
Heating Hot Water, Oil
Cooling Window Unit(s)
Appliance Electric Water Heater, Oil Water Heater
Exterior
Exterior Feature Lighting
Parking Features On Street
Utilities Available Cable Available, Internet Available, Sewer Connected, Water Connected
View Commercial, Lake, Mountain(s), Water
Roof Type Flat
Street Surface Paved
Road Frontage Public
Building
Lot Description Paved, Views
Foundation Slab
Structure Type Brick,Frame,Wood Siding
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 42.159-1-4.000
Security Features Carbon Monoxide Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
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