14 days Back

2490 Main Street, Lake Placid, NY 12946

  • 0 Bedrooms
  • 0 Bathrooms
  • 8,999 sqft

Value Estimates

Fair Condition
$2,535,000
Good Condition
$2,641,600
Excellent Condition
$2,654,600

About

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.

General Information

0 beds
8,999 Sq Ft
Commercial
1940
Active
0 baths
0.25 Sq Ft Lot
2
6 spaces
14 Days on Market

Listing Details

Business - Lake Placid, NY
EV
Engel & Vlkers
201722
ListHub
Engel & Vlkers Lake Placid
(518) 523-4404
Colleen Holmes
LakePlacid@engelvoelkers.com
(518) 523-4404
(518) 523-4404
3yd-EV-15631775441019

Engel & Vlkers Lake Placid
(518) 523-4404
Copyright © 2024 Engel & Vlkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property Features

  • Attic
  • Barbecue Area
  • Basement
  • Deck
  • Disabled Access
  • DBL Pane Windows
  • Fireplace
  • Gated Entry
  • Greenhouse
  • Hot Tub Spa
  • Pool
  • RV Parking
  • Sauna
  • Security System
  • Sprinkler System
  • Vaulted Ceiling
  • Wet Bar
  • Heating Systems
  • New Construction
  • Waterfront
  • Parking: Parking Lot

Nearby Schools

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