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    74 Main St Saranac Lake, NY 12983

    For Sale
    $675,000

    Turnkey restaurant and bar for sale in Saranac Lake.

    Property size:
    3,638 SF
    Lot size:
    0.13 Acres

    Property Features for 74 Main St

    General Information

    Size
    3,638 SF
    Lot size
    0.13 Acres

    Source: Pj Whitbeck Agent Pj Whitbeck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant and Bar Opportunity

    The Downhill Grill, a restaurant and bar established in 1997, is available for purchase. This turnkey property is located in the heart of Saranac Lake. The property is centrally situated in a community known for hosting major events. It is adjacent to the Main Street municipal parking lot. The property size is 3638 square feet on 0.13 acres. There is opportunity to add up to two floors to this building and the full basement offers storage. The property is positioned for a new owner to continue its legacy or introduce a new culinary experience.
    Insight Report Location Intelligence

    Current Use by Public Records

    Downhill Grill Grill

    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.

    Similar Places Nearby

    Olive or Twist Traveling Bar Co.

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.1312785
    Latitude
    44.326469

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant and bar for sale in Saranac Lake.
    Where is this restaurant located?
    The property is located at 74 Main St Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Well-established and renowned Downhill Grill restaurant and bar operating since 1997.; - Turnkey property ready for continued operation or a new culinary concept.; - Prime central location in Saranac Lake, a thriving community known for major events and high foot traffic.
    (518) 578-0165
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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
    74 Main St Saranac Lake, NY 12983
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