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    27 Woodruff St Saranac Lake, NY 12983

    For Sale
    $500,000

    COMMERCIAL - Saranac Lake, NY

    Property size:
    4,680 SF
    Lot size:
    0.05 Acres
    Days on Market:
    349
    Last Refresh:
    Dec 12 at 6:06 am

    Property Features for 27 Woodruff St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    447.69-7-14
    Parking
    6
    Parking features
    Off Street, Assigned, Parking Lot
    Interior features
    Apartment, Storage
    Basement
    Full, Block, French Drain
    Appliances
    Electric Oven, Electric Range, Refrigerator
    Size
    4,680 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Hot Water(Heating), Oil
    Water source
    Public

    Building Details

    Year built
    1930
    Flooring type
    Wood, Laminate, Carpet, Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Rubber, Rolled Hot Mop, Flat
    Additional Structures
    Storage

    Ryan Earle Real Estate, LLC (518) 834-0119

    Listing agent Ryan Earle (518) 645-5112

    Listing date Dec 29, 2024

    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

    Saranac Lake Mixed-Use Investment

    Located in the heart of downtown Saranac Lake, this property presents a great investment opportunity. The property features a main level retail space, which has been used as a hair salon for many years, along with living space in the rear, offering a potential owner-occupied opportunity. The upper level includes four apartments, consisting of three four-bedroom units and one one-bedroom unit. The building has undergone several upgrades, including an exterior paint job in 2024, a new chimney and liner in 2024, and a newer hot water tank supplying the building. The property's size is 4,680 square feet, situated on a lot of 0.05 acres. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    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
    -74.130444
    Latitude
    44.328171

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    FAQs

    What type of property is this?
    Retail space - Downtown Saranac Lake mixed-use property with retail and apartments.
    Where is this retail space located?
    The property is located at 27 Woodruff St Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Prime downtown Saranac Lake location offers high visibility and accessibility.; - Main level retail space, previously a hair salon, is ideal for owner-occupancy or rental income.; - Four upstairs apartments offer significant rental income potential, featuring three 4-bedroom and one 1-bedroom unit.
    (518) 645-5112
    Request Owner's contact information
    27 Woodruff St Saranac Lake, NY 12983
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    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
    27 Woodruff St Saranac Lake, NY 12983
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