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Commercial Land with Existing Home

56 Lake Street, Fallsburg, NY 12779

For Sale
$589,000

The site includes a two-family residence and approvals for a proposed medical or professional building.

Property Size7,500 SF
Price / SF$78.53
Days on Market22

Property Features for 56 Lake Street

General Information

Standard status Active
Size 7,500 SF

Taxes and HOA fees

Annual Taxes $5,046

Building Details

Year Built 1940
Listing Agency: eRealty Advisors, Inc
Listed By: Yisroel Katz
Source: Erealtyadvisors
Added: Oct 19 Changed: Nov 7 Last Checked: Nov 8 at 3:08AM

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 eRealty Advisors, Inc

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This B2-zoned commercial parcel includes an existing two-family home, built in 1940. Approvals are in place for a proposed 7,500-square-foot medical or professional building, with healthcare uses identified in the property information.

The property is at 56 Lake Street in South Fallsburg, just off Main Street and near Town Hall, the Post Office, the library, and local banks.

Key Highlights

  • Approvals in place for a proposed 7,500‑square‑foot medical or professional building
  • B2 zoning
  • Existing two‑family home built in 1940

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Bakery Computer & Electronic Repair

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

183
Businesses Nearby

Demographics for 12779, NY

2,665
Population
1,562
Households
1.7
Avg Household Size
32
Median Age
16%
College-Educated
69%
High-School Grad
6.7 sq mi
ZIP Area
398
Density / Sq Mi
$48,914
Median Household Income
$35,884
Median Earnings
$968
Median Rent
$275,200
Median Home Value

Market

Properties on Market for Commercial land in Sullivan County

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Commercial land - The site includes a two-family residence and approvals for a proposed medical or professional building.
Where is this commercial land located?
The property is located at 56 Lake Street Fallsburg, NY.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Approvals in place for a proposed 7,500‑square‑foot medical or professional building; B2 zoning; Existing two‑family home built in 1940
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