Lake Luzerne Mini Mart
96 Lake Avenue Lake Luzerne, NY 12846
96 Lake Avenue, Lake Luzerne, NY, 12846
$439,000
For Sale
$439,000
COMMERCIAL - Lake Luzerne, NY
Property Size2,565 SF
Lot Size0.13 Acres
Price / SF$171.15
Days on Market157
Property Features for 96 Lake Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 12
- Standard status
- Active
- APN
- 523200 298.20-1-66
- Size
- 2,565 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3790
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 1
- Building materials
- Wood Siding
Listing agency
Davies-Davies & Assoc Real Est
(518) 656-9068
Listed by
Ashley Nagy · License #10401298754
(518) 698-6012
Added: Feb 16 Updated: May 14 at 2:59AM Checked: Jul 23 at 1:06AM
MLS# 202612052
Copyright © 2026 Global MLS, Inc. 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 turn-key opportunity features a busy deli and market, a beloved Lake Luzerne staple, perfectly positioned on a high-traffic Main Street. Known as a go-to stop for locals and passersby, this offering includes the business, building, fixtures, and inventory. A new owner can step right into a proven operation with established community loyalty. The property, situated on 0.13 acres, has seen extensive recent improvements. These include a newly repaved parking lot, a new freezer for ice, a new kitchen freezer, new compressors for the walk-in coolers, new deli coolers, a new oven and proofer, durable epoxy floors, a new boiler, and new siding. Every upgrade has been thoughtfully completed to support efficiency, reliability, and continued success. The property is zoned commercial and has 2565 square feet of retail space. With strong daily traffic, a recognizable local brand, and significant capital improvements already in place, this mini mart offers a rare opportunity to own a thriving small-town business that's truly woven into the Lake Luzerne community.
Key Highlights
- Turn‑key business opportunity including the business, building, fixtures, and inventory.
- High‑traffic Main Street location in Lake Luzerne with established community loyalty.
- Extensive recent improvements including a repaved parking lot, new freezers, new coolers, new oven and proofer, epoxy floors, new boiler, and new siding.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.2k | $18.00 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $44.2k | $17.24 |
| − OpEx | −$11.1k | −$4.31 |
| NOI | $33.2k | $12.93 |
2,565 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$473.9K
$414.7K – $552.9K
NOI $33,173 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$354.0K
$309.7K – $413.0K
NOI $24,778 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$767.7K
$671.8K – $895.7K
NOI $53,742 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joes Mini Mart
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Luzerne Market — 12 Main St, Lake Luzerne, NY 12846
FAQs
What type of property is this?
Grocery and convenience store - Turn-key deli and market in Lake Luzerne, New York.
Where is this grocery and convenience store located?
The property is located at 96 Lake Avenue Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Turn‑key business opportunity including the business, building, fixtures, and inventory.; High‑traffic Main Street location in Lake Luzerne with established community loyalty.; Extensive recent improvements including a repaved parking lot, new freezers, new coolers, new oven and proofer, epoxy floors, new boiler, and new siding.
