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

April 29, 2024

Listed

May 9, 2024

Updated

Map

2490 Main Street
Lake Placid NY, 12946

Interior Features

Interior Features

Combination


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

1


Garage

No


Parking

Parking Lot


Parking Total

6


View

Yes


View Description

Downtown


County

Essex


Municipality

N Elba


Water Source

Public


Pool

No


Zoning

Commercial


Buyer Agency Compensation

2%

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.

©2024 NY - Adirondack-Champlain Valley Multiple Listing Service, Inc (ACVMLS). All rights reserved.

Powered byLuxury Presence