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 across two stories. Currently occupied by three tenants, including long-time anchor tenant Starbucks, this property represents a secure and lucrative investment. Situated on the newly revitalized Main Street in the heart of Lake Placid's Village, this property benefits from a $10 million municipal upgrade to infrastructure and public sidewalks, ensuring unparalleled visibility and accessibility. With high vehicle and foot traffic and surrounded by three public parking lots, it is ideally positioned to attract both visitors and locals year-round.
The property includes three distinct units: Unit 1 (ground level) spans 1,786 SF, and Unit 2 (ground level) offers 1,885 SF, with both ground-floor spaces benefiting from scheduled rental escalations for enhanced income potential. Unit 3, located upstairs, encompasses 4,400 SF, includes six private parking spaces with public parking access and same-level entry, and features a private outdoor dining area. Some furnishings and equipment are also included in the sale, adding further value to this offering.
With New York State's $1 billion investment in Olympic venue and tourism site enhancements, Lake Placid is evolving into a global hub for winter sports while maintaining its status as a premier summer destination. This rare opportunity combines a prime location, secure income streams, and significant growth potential in one of the North Country's most sought-after markets. Don't miss the chance to invest in the heart of Lake Placid's vibrant community and modern transformation.
201722
MLSⓇ ID
November 19, 2024
Listed
December 18, 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
233
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 CB Whitbeck Luxury shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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