Skip To Content

2490 Main Street

Lake Placid, NY 12946
  • $2,600,000
  • STATUS: Active
  • ON SITE: 284 Days
  • MLS #: 201722
UPDATED: 37 min ago
$2,600,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,999
    SQFT
  • $289
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

School District:

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.

Monthly Payment Calculator



© 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: 2025-02-09T15:30:23.443.
www.adirondackwaterfronthomes.com/homes/150056890
Print Image

2490 Main Street Lake Placid, NY 12946

  • Price: $2,600,000
  • Status: Active
  • On Site: 284 Days
  • Updated: 37 min ago
  • MLS #: 201722
0
Beds
0
Baths
0
½ Baths
0.25
Acres
8,999
SQFT
$289
$/SQFT
1940
Built
Neighborhood:
Lake Placid
County:
Essex
Area:
Lake Placid
School District:
Lake Placid
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.
Exterior Features

Construction Materials StoneWood Siding Foundation Details Slab Parking Features Parking LotPublic Parking Road Surface Type Paved Roof Flat

Interior Features

Basement Partial Cooling Central AirSeparate Meters Heating BaseboardOilHot WaterElectric

Property Features

Building Features Restaurant/Bar Horse YN No Included Fixtures Land Tax Annual Amount 7545.48 Listing Terms CashConventional Lot Features Corner LotPaved Property Condition Updated/Remodeled Road Frontage Type State RoadPublic Security Features Carbon Monoxide Detector(s)Smoke Detector(s)Fire Sprinkler SystemFire Alarm Sewer Public Sewer Tax Annual Amount 27296.83 Tax Assessed Value 1946900.00 Tenant Pays All UtilitiesTaxesInsurance Utilities Sewer ConnectedInternet AvailableWater Connected View DowntownCommercial Water Source Public Waterfront YN No Zoning Commercial

Listing courtesy of Engel & Volkers Lake Placid Real Estate: (518) 523-4404.


© 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: 2025-02-09T15:30:23.443.
 
https://bt-photos.global.ssl.fastly.net/adirondack/orig_boomver_1_201722-2.jpg https://bt-photos.global.ssl.fastly.net/adirondack/orig_boomver_1_201722-2.jpg https://bt-photos.global.ssl.fastly.net/adirondack/orig_boomver_1_201722-2.jpg
Logo
Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team
80 Park Street
Tupper Lake NY, 12986