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Mixed-Use Property with Storefront
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506 Lake Flower Ave, Saranac Lake, NY 12983

Includes an ongoing retail business and a two-bedroom, two-bath apartment.

Property Size2,489 SF
Lot Size0.50 Acres
Days on Market9

Property Features for 506 Lake Flower Ave

General Information

Standard status Active
Size 2,489 SF
Lot size 0.50 Acres
Property subtype RETAIL

Additional Details

Business Included Yes
Road Access Yes
Listing Agency: Berkshire Hathaway HomeServices - New York
Listed By: Christian Gates
Source: Moodyscre
Added: Jul 30 Changed: Aug 2 Last Checked: Aug 6 at 11:03AM

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 Berkshire Hathaway HomeServices - New York

Investment Insights

Based on property information with market context.

Located at 506 Lake Flower Ave in Saranac Lake, this mixed-use property combines a retail storefront with an attached residential unit. The commercial portion measures approximately 900 SF and includes an ongoing retail business. The residence provides approximately 1,200 SF with two bedrooms and two bathrooms, creating a live-work configuration within the same property.

The offering encompasses both the business and the underlying real estate on approximately 0.50 acres. The property fronts a main road and is situated in the Adirondacks, an area associated with year-round outdoor recreation. The apartment may support owner occupancy or residential rental use, while the storefront provides space for the existing retail operation.

Key Highlights

  • Ongoing retail business included with the real estate
  • Approximately 900 SF storefront
  • Approximately 1,200 SF residential unit

Property Analytics

Current Use

Adirondack Wine & Liquor (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Auto Parts Store Law Firm Hair Salon Big Box & Wholesale Store Dental Office

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

Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

152
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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Includes an ongoing retail business and a two-bedroom, two-bath apartment.
Where is this mixed-use property located?
The property is located at 506 Lake Flower Ave Saranac Lake, NY.
What are key features of this property?
This property features: Ongoing retail business included with the real estate; Approximately 900 SF storefront; Approximately 1,200 SF residential unit
(518) 955-2572 Call to check price and availability
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