1. New York
  2. Lake Placid
  3. 2490 Main Street
$2,600,000

2490 Main Street, Lake Placid, NY 12946

  • 8,999 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon0.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $289/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

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.

Listing Status:
Pending
Date Added:
November 19, 2024 at 06:00AM
Listing Office:
Engel & Volkers Lake Placid Real Estate : colleen.holmes@evrealestate.com
Listing Agent:
Colleen Holmes : 518-524-4759
MLS ID:
201722

This listing courtesy of Colleen Holmes, Engel & Volkers Lake Placid Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Lake Placid Elementary School

318 Old Military Rd, Lake Placid, NY, 12946

Grades KG-5

1.17 miles away

L

Lake Placid Junior-Senior High School

34 School St, Lake Placid, NY, 12946

Grades 6-12

0.37 miles away

L

Lake Placid Junior-Senior High School

34 School St, Lake Placid, NY, 12946

Grades 6-12

0.37 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.