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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