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1970 Saranac Avenue

Lake Placid, NY 12946
  • $2,850,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 203872
UPDATED: 59 min ago
$2,850,000
  • 0
    BEDS
  • 3.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,179
    SQFT
  • $188
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

School District:

Description

Boutique Hotel, Townhomes, Resort or Retreat - the Opportunities are Limitless!This high-profile corner property spans 3.1 acres in a prime Lake Placid location, directly across from the renowned Whiteface Lodge and adjacent to Outpost Plaza and Price Chopper. The property includes an 28-unit apartment building and three standalone cabins, all currently leased, offering immediate income potential while planning future development. With its unmatched mountain views, visibility, significant acreage, and flexible opportunities, this is a rare chance to invest in one of the area's most desirable commercial corridors.

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© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-03-22T17:30:53.877.
www.adirondackwaterfronthomes.com/homes/160103202
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1970 Saranac Avenue Lake Placid, NY 12946

  • Price: $2,850,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 59 min ago
  • MLS #: 203872
0
Beds
0
Baths
0
½ Baths
3.1
Acres
15,179
SQFT
$188
$/SQFT
1980
Built
Neighborhood:
Lake Placid
County:
Essex
Area:
Lake Placid
School District:
Lake Placid
Property Description
Boutique Hotel, Townhomes, Resort or Retreat - the Opportunities are Limitless!This high-profile corner property spans 3.1 acres in a prime Lake Placid location, directly across from the renowned Whiteface Lodge and adjacent to Outpost Plaza and Price Chopper. The property includes an 28-unit apartment building and three standalone cabins, all currently leased, offering immediate income potential while planning future development. With its unmatched mountain views, visibility, significant acreage, and flexible opportunities, this is a rare chance to invest in one of the area's most desirable commercial corridors.
Exterior Features

Construction Materials Frame Foundation Details Stone Parking Features AsphaltCommon Road Surface Type AsphaltPaved

Interior Features

Basement Crawl Space Heating Electric

Property Features

Building Features ApartmentsHotel/Motel Land Tax Annual Amount 555.83 Listing Terms CashContract Property Condition Fixer Road Frontage Type HighwayState Road Sewer Public Sewer Tax Annual Amount 12116.00 Tax Assessed Value 1240700.00 View Mountain(s) Water Source Public Waterfront YN No Zoning Commercial

Listing courtesy of The Reynolds Group of Lake Placid, LLC: (518) 418-7747.


© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-03-22T17:30:53.877.
 
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Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team
80 Park Street
Tupper Lake NY, 12986