Commercial Property on Lake
For Sale
$149,900
598 Lake Avenue, Lake Luzerne, NY 12846
Commercial property with high visibility and ample parking.
Property Size916 SF
Lot Size1.50 Acres
Price / SF$163.65
Days on Market228
Property Features for 598 Lake Avenue
General Information
Standard status
Active
Size
916 SF
Total Parking Spaces
25
Lot size
1.50 Acres
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$1,764
Building Details
Year Built
1980
Buildings
1
Stories
1
Listing Agency:
Howard Hanna
Listed By:
Sean Rogge · License #40RO1136132
(518) 307-8492
Source:
Capmarkrealty
Added: Mar 5
Changed: Oct 2
Last Checked: Oct 19 at 4:04AM
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 Howard Hanna
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, situated on over 1.5 acres along Lake Avenue (State Route 9N), presents a range of possibilities. The building, previously used as a restaurant, benefits from excellent visibility, public water access, and a level, mostly cleared lot. Ample parking is available. The versatile space could be suitable for various business uses, including retail, office, hospitality, or service. The building size is 916 square feet.
Key Highlights
- 1.5+ acre commercial property on Lake Avenue (State Route 9N)
- High‑traffic location with strong upside potential
- Excellent visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,849
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,980
$177.0K
Cap Rate 7%
$126,414
$126.4K
Cap Rate 9%
$98,322
$98.3K
Market Conditions
NOI Build-Up for 916 SF
Gross rent
$13.7K $15.00/SF
− Vacancy
−$1.1K −$1.20/SF
EGI
$12.6K $13.80/SF
− OpEx
−$3.8K −$4.14/SF
NOI
$8.8K $9.66/SF
Area
Warren County, NY
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,980
Cap Rate 7%
$126,414
Cap Rate 9%
$98,322
Alternative Uses
Best Use
Retail
$126.4K
$110.6K – $147.5K
NOI $8,849 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.2K
$239.9K – $319.9K
NOI $19,192 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12846, NY
3,008
Population
2,338
Households
1.3
Avg Household Size
51
Median Age
26%
College-Educated
90%
High-School Grad
53.7 sq mi
ZIP Area
56
Density / Sq Mi
$47,449
Median Household Income
$41,500
Median Earnings
$942
Median Rent
$197,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property with high visibility and ample parking.
Where is this storefront property located?
The property is located at 598 Lake Avenue Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1.5+ acre commercial property on Lake Avenue (State Route 9N); High‑traffic location with strong upside potential; Excellent visibility
