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    24 Cedar St Saranac Lake, NY 12983

    Pending
    For Sale
    $450,000

    COMMERCIAL - Saranac Lake, NY

    Property size:
    7,696 SF
    Lot size:
    0.34 Acres
    Days on Market:
    181
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 24 Cedar St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Mixed
    APN
    446.60-7-1
    Parking
    20
    Parking features
    Open, Paved or Surfaced, Garage, Parking Lot
    Interior features
    Beamed Ceilings, Entrance Foyer
    Exterior features
    Covered Courtyard, Lighting, Private Entrance
    Size
    7,696 SF
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1934
    Floors in Building
    2
    Building materials
    Attic/Crawl Hatchway(s) Insulated, Frame, Metal Siding
    Roof type
    Metal

    LaValley Real Estate (518) 359-9440 [email protected]

    Listing agent Matthew Ellis (518) 359-9989

    Listing date Jun 16, 2025

    Copyright © 2025 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Saranac Lake Creative Space

    This 7,696 square foot property in Saranac Lake, NY, is designed for artists, creators, visionaries, and live performances. It features an expansive gallery space on the second floor with natural light, suitable for displaying artwork and hosting live performances with its stage. As a creative space, it houses five large studios on the first floor and three additional studios on the second floor. A full kitchen on the second floor serves shared use and refreshments for art openings or live performances. The building includes one full bath on the second floor and two half baths on the first floor. Located on the border of a residential neighborhood, the property is directly on the scenic Adirondack Rail Trail, a 34-mile trail extending from Tupper Lake to Lake Placid. As a former industrial building, it has been updated while preserving its unique character, including exposed wooden ceilings, steel beams, and columns. The building sits on a concrete slab foundation. The roof has been replaced, and major grading updates have been completed around the building. The property, zoned mixed-use, sits on a 0.34-acre lot and is move-in ready for creative or commercial use, offering versatility and zoning potential for continuing its legacy as a studio/gallery or transforming it into a dynamic live/work environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bluseed Studios Inc Art Gallery Shaun On Dak Photography Photography Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.137277
    Latitude
    44.333414

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    FAQs

    What type of property is this?
    Creative space - Versatile 7,700 sq ft property for artists and commercial ventures.
    Where is this creative space located?
    The property is located at 24 Cedar St Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - 7,700 sq ft property ideal for artists, creators, and live performances.; - Expansive gallery space with stage and natural light.; - Eight functional artist studios (five on the first floor, three on the second floor).
    (518) 359-9989
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    24 Cedar St Saranac Lake, NY 12983
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 Cedar St Saranac Lake, NY 12983
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