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    5880 Cascade Rd Lake Placid, NY 12946

    For Sale
    $725,000

    COMMERCIAL - Lake Placid, NY

    Property size:
    2,150 SF
    Lot size:
    0.50 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 12 at 12:06 pm

    Property Features for 5880 Cascade Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed
    Interior features
    Beamed Ceilings, High Speed Internet, Open Floorplan
    Basement
    Unfinished, Full
    Appliances
    Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Washer
    Size
    2,150 SF
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Ductless (Heating)
    Cooling system
    Ductless
    Water source
    Public

    Building Details

    Year built
    1920
    Flooring type
    Vinyl, Concrete
    Building materials
    Wood Siding
    Roof type
    Asphalt

    The Reynolds Group of Lake Placid, LLC (518) 524-4058

    Listing agent Shannon Eaton (518) 694-6403

    Listing date Nov 9, 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

    Lake Placid Mixed-Use Opportunity

    Located in Lake Placid's Gateway Corridor, this property features two buildings on 0.5 acres, including a 0.3-acre natural buffer along the McKenzie Brook. The back residence is a 1,250 square-foot, two-bedroom, one-bath home featuring reclaimed barn wood walls, polished concrete floors, exposed beams, and new Andersen windows and doors. It includes 500 square feet of glass-railed decks. It is being sold turnkey and is suited for a primary residence, guest retreat, or income-producing rental. The front building, facing Cascade Road, offers a 900 square-foot, two-story clear-span design with no interior load-bearing walls. The first floor can be transformed into a loft-like 2-bedroom, 1-bath residence, an artist's studio, a boutique retail space, or a hybrid live/work environment. It has a new roof, siding, windows, electrical, and plumbing. Remaining renovations can be completed by the seller to suit the buyer's needs for an additional fee. The location is minutes to skiing, hiking trails, restaurants, and year-round events. With a short-term lodging permit, both units can be rented for unlimited nights throughout the year.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Essex
    State
    New York
    Longitude
    -73.977157
    Latitude
    44.270441

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    FAQs

    What type of property is this?
    Mixed-use property - Two buildings on 0.5 acres with income potential.
    Where is this mixed-use property located?
    The property is located at 5880 Cascade Rd Lake Placid, NY.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Two buildings on 0.2 acres with an additional 0.3-acre natural buffer along McKenzie Brook.; - Turnkey, 1,250 sq. ft., two-bedroom, one-bath back residence with rustic elegance.; - 900 sq. ft., two-story front building with new infrastructure and flexible space.
    (518) 694-6403
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    5880 Cascade Rd Lake Placid, NY 12946
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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
    5880 Cascade Rd Lake Placid, NY 12946
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