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Mixed-Use Building with Apartments
For Sale
$490,000

27 Woodruff Street, Saranac Lake, NY 12983

Street-level retail and rear living space complement four apartments on the upper floor.

Property Size4,680 SF
Price / SF$104.70
Days on Market180

Property Features for 27 Woodruff Street

General Information

Standard status Active
Size 4,680 SF
Property subtype Mixed Use

Units

Unit Mix 3 x 2BR, 1 x 1BR
Multifamily Units 4

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Annual Taxes $4,311

Building Details

Building Size 4,680 SF
Year Built 1930
Buildings 1
Listing Agency: Ryan Earle Real Estate, LLC
Listed By: Ryan Earle · License #10491209812
Source: Bobmillerrealestate
Added: May 4 Changed: Oct 26 Last Checked: Oct 26 at 3:05PM

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 Ryan Earle Real Estate, LLC

Rey
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Investment Insights

Based on property information with market context.

This 4,680-square-foot mixed-use property, built in 1930, combines ground-floor retail with living space at the rear. Four apartments occupy the upper level: three have two bedrooms, and one has a single bedroom. The retail area has served as a hair salon for many years.

Building work includes exterior painting and a new chimney and liner in 2024. A newer hot water tank serves the building. The property is at 27 Woodruff Street in downtown Saranac Lake.

Key Highlights

  • 4,680‑square‑foot mixed‑use building constructed in 1930
  • Four upper‑floor apartments: three two‑bedroom units and one one‑bedroom unit
  • Ground‑floor retail area with living space at the rear

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Building Supply Nail Salon (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store HVAC Service

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

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

658
Businesses Nearby

Demographics for 12983, NY

7,073
Population
4,664
Households
1.5
Avg Household Size
46
Median Age
43%
College-Educated
93%
High-School Grad
115.8 sq mi
ZIP Area
61
Density / Sq Mi
$64,604
Median Household Income
$39,717
Median Earnings
$845
Median Rent
$207,800
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 Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Street-level retail and rear living space complement four apartments on the upper floor.
Where is this mixed-use property located?
The property is located at 27 Woodruff Street Saranac Lake, NY.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 4,680‑square‑foot mixed‑use building constructed in 1930; Four upper‑floor apartments: three two‑bedroom units and one one‑bedroom unit; Ground‑floor retail area with living space at the rear
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