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Mixed-Use Property with Coffee Shop
For Sale
$995,000

2364 Saranac Avenue, Lake Placid, NY 12946

First-floor commercial space includes retail area and a large kitchen, alongside residential accommodations in the main building and detached garage.

Property Size3,096 SF
Days on Market42

Property Features for 2364 Saranac Avenue

General Information

Standard status Active
Size 3,096 SF
Total Parking Spaces 4
Zoning Mixed

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $5,554

Amenities

Commercial/Residential, Mixed Commercial, Storefront, Kitchen
Electric, Oil, See Remarks
Block, Concrete, Storage Space, Unfinished, Walk-Up Access
Dryer, Refrigerator, Washer, Water Heater
Lake, Mountain(s)
Driveway

Building Details

Building Size 3,096 SF
Year Built 1920
Buildings 2
Stories 3
Listing Agency: Engel & Volkers Lake Placid
Listed By: Amanda Marie Birchenough-Morrell
Source: Evrealestate
Added: Sep 15 Changed: Oct 24 Last Checked: Sep 22 at 12:47PM

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 Engel & Volkers Lake Placid

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Investment Insights

Based on property information with market context.

This 3,096-square-foot mixed-use property, built in 1920, combines a first-floor coffee shop and retail area with a large kitchen. The main building has five bedrooms and two and a half bathrooms, plus an open attic on the third floor. A detached two-stall garage has a one-bedroom apartment above it. Stained-glass windows, parquet flooring, built-in cabinets, and distinctive wallpaper remain among the interior details.

The property is on Saranac Avenue in Lake Placid, a short walk from Main Street. Views of Mirror Lake and the mountains are available from the second floor and open attic. Zoning is listed as Mixed.

Key Highlights

  • First‑floor coffee shop and retail space with a large kitchen
  • 3,096 square feet; built in 1920
  • Five‑bedroom main building with two and a half bathrooms

Property Analytics

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Current Use

A New Leaf Cafe & Coffee Shop

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Furniture & Home Goods Dental Office Auto Repair Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

512
Businesses Nearby
33k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Apparel 28% Hotels & Casinos 23% Shops & Services 11%
McDonald's Dining
12,751 visits/mo 0.5 miles
Crowne Plaza Lake Placid Hotels & Casinos
7,422 visits/mo 0.4 miles
Eastern Mountain Sports Apparel
6,243 visits/mo 0.1 miles
NBT Bank Shops & Services
3,670 visits/mo 0.2 miles
Life Is Good Apparel
2,834 visits/mo 0.3 miles

Demographics for 12946, NY

5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor commercial space includes retail area and a large kitchen, alongside residential accommodations in the main building and detached garage.
Where is this mixed-use property located?
The property is located at 2364 Saranac Avenue Lake Placid, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: First‑floor coffee shop and retail space with a large kitchen; 3,096 square feet; built in 1920; Five‑bedroom main building with two and a half bathrooms
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