Lake George Development
3721 Lake Shore Drive Lake George, NY 12824
3721 Lake Shore Drive, Lake George, NY, 12824
$669,000
For Sale
$669,000
High-visibility location with redevelopment potential in Lake George resort corridor.
Property Size1,659 SF
Lot Size0.90 Acres
Price / SF$403.25
Days on Market176
Property Features for 3721 Lake Shore Drive
General Information
- Standard status
- Active
- Size
- 1,659 SF
- Lot size
- 0.90 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
COLDWELL BANKER KING GEORGE RE
(518) 644-2243
Listed by
EDWARD P FOY
Source
Corcoran
Added: Jan 27 Updated: Jul 10 at 3:47PM Checked: Jul 22 at 7:51AM
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 COLDWELL BANKER KING GEORGE RE
Investment Insights
Based on property information with market context.
This property offers an outstanding high-visibility location on State Route 9N, benefiting from strong traffic counts and exposure. The high-density, multi-use zoning presents a rare investment and redevelopment opportunity, subject to approvals. Situated in the heart of the Lake George resort corridor, it lies between Lake George Village and Bolton Landing. The location is ideal for hospitality, retail, mixed-use, or residential development. The property features mixed-use zoning and measures 390 feet deep with 102 feet of road frontage. A two-story wood barn, measuring 18x28, is present on the property and can be converted to residential use. Beach access is available across the street for Lake George property owners only. This prime development site offers exceptional visibility and significant redevelopment potential. Located in a premier Lake George resort and boating community, it represents an excellent opportunity for investors, developers, or commercial users. The property size is 1659 square feet.
Key Highlights
- High‑visibility location on State Route 9N with strong traffic counts and exposure.
- High‑density, multi‑use zoning offers significant redevelopment potential (subject to approvals).
- Located in the heart of the Lake George resort corridor, between Lake George Village and Bolton Landing.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.8k | $21.60 |
| − Vacancy | −$2.9k | −$1.73 |
| EGI | $33.0k | $19.87 |
| − OpEx | −$12.4k | −$7.45 |
| NOI | $20.6k | $12.42 |
1,659 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.6K
$434.5K – $579.3K
NOI $34,759 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - High-visibility location with redevelopment potential in Lake George resort corridor.
Where is this commercial land located?
The property is located at 3721 Lake Shore Drive Lake George, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: High‑visibility location on State Route 9N with strong traffic counts and exposure.; High‑density, multi‑use zoning offers significant redevelopment potential (subject to approvals).; Located in the heart of the Lake George resort corridor, between Lake George Village and Bolton Landing.
