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0 Baths
8,999 sqft

$2,325,000

2490 Main Street, Lake Placid NY, 12946

Price per sqft$258.36
Built in1940
Property size8,999 sqft
Property typeCommercial
Courtesy of Colleen Holmes, Engel & Volkers Lake Placid Real Estate

Overview

Sold

Closed

Listed Nov 19, 2024

Updated Jun 5

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.

Additional information

MLS® ID
201722

Interior Features

Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$27,297
Tax Frequency
Annually
View
Yes
Municipality
N Elba

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