Mixed-Use Waterfront
New
For Sale
$1,100,000
250 Lake Street, Rouses Point, NY 12979
Commercial Sale, Rouses Point, NY
Property Size10,575 SF
Lot Size1.84 Acres
Price / SF$104.02
Days on Market2
Property Features for 250 Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed
Interior features
Apartment, Breakfast Bar, Built-in Features, Eat-in Kitchen, Entrance Foyer, High Ceilings, Kitchen Island, Natural Woodwork, Pantry, Soaking Tub, Tray Ceiling(s)
Fireplace
1
Basement
Unfinished, Full
Appliances
Bar Fridge, Dishwasher, Dryer, Electric Range, Freezer, Microwave, Refrigerator, Washer, Washer/Dryer Stacked
View
Lake
Elementary school district
Northeastern Clinton
Middle school district
Northeastern Clinton
High school district
Northeastern Clinton
Directions
Head East on route 11 to Rouses Point, turn right on to Lake Street. See sign
Subdivision
Champlain, Rouses Point, Mooers
Standard status
Active
APN
20.19-3-5.1
Size
10,575 SF
Lot size
1.84 Acres
Taxes and HOA fees
Tax Annual Amount
4450
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Fireplace(s)
Water source
Public
Water front features
Waterfront
Water front
1
Amenities
on-site laundry
Building Details
Year built
1913
Floors in Building
3
Flooring type
Hardwood, Tile - Ceramic
Building materials
Brick
Roof type
Asphalt, Slate
Listing Agency:
Elite Realty North
(518) 566-4388
Listed By:
Jessica Coffman
(518) 572-5216
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:06AM
MLS# 208646
Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 10,575-square-foot property combines a bed-and-breakfast with a separate apartment building on 1.84 acres. The 1913 brick residence has four guest bedrooms with private bathrooms, plus separate owner’s quarters with two bedrooms, a bathroom, and laundry. Interior details include natural woodwork, hardwood flooring, fireplaces, and a winding staircase. The kitchen is equipped with two dishwashers, a commercial-grade refrigerator, and a separate freezer. The second building contains five one-bedroom, one-bath apartments, with shared laundry facilities; all five units are leased.
The property has 181 feet of privately owned Lake Champlain shoreline. Its location in Rouses Point is near the Canadian border and the bridge to Vermont. Public water and public sewer serve the property.
The property has 181 feet of privately owned Lake Champlain shoreline. Its location in Rouses Point is near the Canadian border and the bridge to Vermont. Public water and public sewer serve the property.
Key Highlights
- 181 feet of privately owned Lake Champlain shoreline
- 10,575 square feet on 1.84 acres
- Bed‑and‑breakfast with four guest bedrooms, each with a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,264
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,605,280
$1.6M
Cap Rate 7%
$1,146,629
$1.1M
Cap Rate 9%
$891,822
$891.8K
Market Conditions
NOI Build-Up for 10,575 SF
Gross rent
$158.6K $15.00/SF
− Vacancy
−$12.7K −$1.20/SF
EGI
$145.9K $13.80/SF
− OpEx
−$65.7K −$6.21/SF
NOI
$80.3K $7.59/SF
Area
Clinton County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,605,280
Cap Rate 7%
$1,146,629
Cap Rate 9%
$891,822
Alternative Uses
Best Use
Mixed Use
$1.56M
$1.37M – $1.82M
NOI $109,451 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,264 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$2.92M
$2.55M – $3.40M
NOI $204,055 @ 7.0% cap · market cap 18.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
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Business Placement
Demographics for 12979, NY
2,321
Population
1,344
Households
1.7
Avg Household Size
48
Median Age
20%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
553
Density / Sq Mi
$47,135
Median Household Income
$40,824
Median Earnings
$731
Median Rent
$180,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An established guesthouse operates alongside five leased apartments on Lake Champlain.
Where is this mixed-use property located?
The property is located at 250 Lake Street Rouses Point, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 181 feet of privately owned Lake Champlain shoreline; 10,575 square feet on 1.84 acres; Bed‑and‑breakfast with four guest bedrooms, each with a private bathroom
