Active
2490 Main Street
Lake Placid NY, 12946
$2,600,000
$288.92 per sqft
Active
8,999 sqft
Commercial
Built in 1940
Courtesy of Colleen Holmes, Engel & Volkers Lake Placid Real Estate
Rare Investment Opportunity on Main Street, Lake Placid NY! Welcome to 2490 Main Street, a landmark multi-unit building offering 8,071 SF of prime commercial space spread across two stories. Currently housing three tenants under NNN leases, including long time anchor tenant Starbucks, this property presents a sound investment prospect. Centrally located on the newly refurbished Main Street in the heart of the Village, and benefiting from a recent $10 million reconstruction upgrade to municipal infrastructure and public sidewalks, this signature property enjoys unparalleled visibility with high vehicle and foot traffic. Surrounded by 3 public parking lots, it's conveniently accessible to visitors and locals alike. Investment Highlights: Unit 1 (ground level) - 1,786 SF, has two 5-year extension options remaining, Unit 2 (ground level) - 1,885 SF, boasts a 3-year lease term with two 4-year extension options remaining and is undergoing a renovation for a new opening coming soon. Both ground units benefit from scheduled rental escalations. Unit 3 (upstairs), with 6 private parking spaces as well as public parking access and same level entrance, encompases 4,400 SF, features an outdoor dining area, and offers flexibility on a month-to-month basis. Some furnishings and equipment are included in the sale. With New York's $1 billion recent investment in state-of-the-art Olympic venue and tourism site upgrades, including plans to make the two-time Olympic Village a global sports hub, the North Country is poised to become an even greater premier winter sports destination worldwide and continues to be a prime summer destination. Don't miss this rare opportunity to invest in the heart of Lake Placid's vibrant community and modern transformation.
201722
MLSⓇ ID
November 19, 2024
Listed
November 19, 2024
Updated
Map
2490 Main Street
Lake Placid NY, 12946
Interior Features
Floor Description
Combination
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Separate Meters
Heating
Yes
Heating Description
Baseboard, Electric, Hot Water, Oil
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
Corner Lot, Paved
Roof
Flat
Sewer
Public Sewer
School Information
School District
Lake Placid
Other Property Details
Area Name
Lake Placid
Taxes
$27,297
Tax Frequency
Annually
Days on Market
203
Garage
No
Parking
Parking Lot, Public Parking
Parking Total
6
View
Yes
View Description
Commercial, Downtown
County
Essex
Municipality
N Elba
Water Source
Public
Pool
No
Zoning
Commercial
Listing History
Date | Event | Price |
---|---|---|
11/19/2024 | Active | — |
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Bob Miller Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 NY - Adirondack-Champlain Valley Multiple Listing Service, Inc (ACVMLS). All rights reserved.