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Mixed-Use Building with Rental Units
For Sale
$710,000

2720 Main Street, Lake Placid, NY 12946

Commercial Sale, Lake Placid, NY

Property Size3,888 SF
Lot Size0.20 Acres
Price / SF$182.61
Days on Market48

Property Features for 2720 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street, Parking Lot
Interior features Apartment
Directions Main Street across from parking lot between HPC and Stewarts.
Subdivision Lake Placid
Standard status Active
APN 42.207-4-6.000
Size 3,888 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Annual Amount 8579

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Water source Public

Building Details

Year built 1945
Floors in Building 2
Number of units 3
Flooring type Carpet, Tile, Hardwood
Building materials Wood Siding, 2x6 Walls
Roof type Flat
Listing Agency: Bob Miller Real Estate
Listed By: Francis (Bob) Miller
Added: Jul 17 Changed: Aug 19 Last Checked: Sep 2 at 6:06PM
MLS# 207900

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 3,888-square-foot mixed-use property contains five rental units: two two-bedroom apartments, one one-bedroom apartment, a large office area, and a Main Street retail space. Each apartment, the office, and the retail component is currently rented. The building was constructed in 1945 and includes wood siding, 2x6 walls, carpet, tile, hardwood flooring, electric heat, and a flat roof.

Set on 0.2 acres in Lake Placid, the property is positioned on Main Street across from Stewarts and beside restaurants. Rear off-street parking serves tenants and guests. The site has Village Center district zoning, public water, and public sewer, with the source information identifying multi-use potential that includes short-term vacation rentals.

Key Highlights

  • 3,888‑square‑foot building on a 0.2‑acre parcel
  • Five rental units: two 2‑bedroom apartments, one 1‑bedroom apartment, office, and retail space
  • All apartment, office, and retail spaces currently rented

Property Analytics

Current Use

Norm's Plus Hair Salon The Beauty Loj at Norm's Hair Salon

Suggested Use

Top Pick Pharmacy Auto Repair Shop Furniture & Home Goods Storage Facility HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

471
Businesses Nearby

Demographics for 12946, NY

5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully leased configuration combines apartments with office and retail space in a Village Center district setting.
Where is this mixed-use property located?
The property is located at 2720 Main Street Lake Placid, NY.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 3,888‑square‑foot building on a 0.2‑acre parcel; Five rental units: two 2‑bedroom apartments, one 1‑bedroom apartment, office, and retail space; All apartment, office, and retail spaces currently rented
More about this property
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