Lake Luzerne Commercial
98 Lake Avenue Lake Luzerne, NY 12846
98 Lake Avenue, Lake Luzerne, NY, 12846
$199,000
For Sale
$199,000
COMMERCIAL - Lake Luzerne, NY
Property Size1,296 SF
Lot Size0.15 Acres
Price / SF$153.55
Days on Market72
Property Features for 98 Lake Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking
- 6
- Standard status
- Active
- APN
- 523200 298.20-1-65
- Size
- 1,296 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3867
Utilities
- Sewer type
- Septic Tank
- Heating system
- Oil
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Block
Listing agency
Realty One Group Key
(518) 630-5360
Listed by
Danielle Warrington · License #10401261468
(518) 414-4881
Added: May 13 Updated: May 14 at 7:23AM Checked: Jul 23 at 2:06AM
MLS# 202617138
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 commercial property is located in the heart of Lake Luzerne on Lake Avenue. Previously operated as a restaurant, the 1296 square-foot space is suitable for dining, retail, office, or specialty use. The property features a functional layout and ample parking. It is situated in a convenient location with steady traffic and a strong local presence. The property, which has a new septic system, is located on a 0.15-acre lot and is zoned for commercial use, offering potential for entrepreneurs, investors, or business owners looking to establish or expand their business in a thriving Adirondack community.
Key Highlights
- High‑visibility location on Lake Ave in the heart of Lake Luzerne.
- Flexible space suitable for dining, retail, office, or specialty use.
- Ample parking available.
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 | $23.3k | $18.00 |
| − Vacancy | −$980 | −$0.76 |
| EGI | $22.3k | $17.24 |
| − OpEx | −$5.6k | −$4.31 |
| NOI | $16.8k | $12.93 |
1,296 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$286.6K
$250.8K – $334.4K
NOI $20,062 @ 7.0% cap · market cap 10.08%
Second Best
Specialty Retail
$239.4K
$209.5K – $279.4K
NOI $16,761 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$387.9K
$339.4K – $452.6K
NOI $27,154 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rocco's II
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - High-visibility commercial property with flexible space in Lake Luzerne.
Where is this storefront property located?
The property is located at 98 Lake Avenue Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: High‑visibility location on Lake Ave in the heart of Lake Luzerne.; Flexible space suitable for dining, retail, office, or specialty use.; Ample parking available.
