Mixed-Use Property with
For Sale
$3,250,000
320 Canada Street 20 Amherst St, Lake George, NY 12845
The sale combines the operating food-and-beverage business, its real estate, and a parking lot.
Property Size13,000 SF
Price / SF$250
Days on Market2147
Property Features for 320 Canada Street 20 Amherst St
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$27,727
Building Details
Building Size
13,000 SF
Year Built
1950
Listing Agency:
Howard Hanna Capital Inc
Listed By:
Charles Curto · License #10301206236
(518) 669-4356
Source:
Sherwoodgroupny
Added: Dec 11, 2020
Changed: Oct 26
Last Checked: Oct 26 at 3:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Capital Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Lake George Village mixed-use property combines a bar and tavern operation with a restaurant. The offering includes the business, real estate, and parking lot; the establishment is equipped and operating. The building dates to 1950.
The property is in Lake George Village, a short walk from the lake, with seasonal demand noted in the listing information.
The property is in Lake George Village, a short walk from the lake, with seasonal demand noted in the listing information.
Key Highlights
- Includes the operating business, real estate, and parking lot
- Equipped bar, tavern, and restaurant operation
- Building constructed in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,129
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,362,580
$3.4M
Cap Rate 7%
$2,401,843
$2.4M
Cap Rate 9%
$1,868,100
$1.9M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$234.0K $18.00/SF
− Vacancy
−$9.8K −$0.76/SF
EGI
$224.2K $17.24/SF
− OpEx
−$56.0K −$4.31/SF
NOI
$168.1K $12.93/SF
Area
Warren County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,362,580
Cap Rate 7%
$2,401,843
Cap Rate 9%
$1,868,100
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,129 @ 7.0% cap · market cap 5.17%
Second Best
Mixed Use
$2.31M
$2.02M – $2.69M
NOI $161,460 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,376 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Courtyard Lake George
Hotels & Casinos
5,524 visits/mo
0.2 miles
Demographics for 12845, NY
4,873
Population
3,441
Households
1.4
Avg Household Size
52
Median Age
37%
College-Educated
94%
High-School Grad
45.0 sq mi
ZIP Area
108
Density / Sq Mi
$95,583
Median Household Income
$50,000
Median Earnings
$1,064
Median Rent
$371,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The sale combines the operating food-and-beverage business, its real estate, and a parking lot.
Where is this mixed-use property located?
The property is located at 320 Canada Street 20 Amherst St Lake George, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Includes the operating business, real estate, and parking lot; Equipped bar, tavern, and restaurant operation; Building constructed in 1950
