Commercial Property on Lake
598 Lake Avenue Lake Luzerne, NY 12846
598 Lake Avenue, Lake Luzerne, NY, 12846
$149,900
For Sale
$149,900
Commercial property with high visibility and ample parking.
Property Size916 SF
Lot Size1.57 Acres
Price / SF$163.65
Days on Market258
Property Features for 598 Lake Avenue
General Information
- Standard status
- Active
- Size
- 916 SF
- Lot size
- 1.57 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
HOWARD HANNA
(518) 798-3636
Listed by
SEAN ROGGE
Source
Corcoran
Added: Nov 4, 2025 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 3:52 am
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
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
Local Financial Insights For Retail
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 | $13.7k | $15.00 |
| − Vacancy | −$1.1k | −$1.20 |
| EGI | $12.6k | $13.80 |
| − OpEx | −$3.8k | −$4.14 |
| NOI | $8.8k | $9.66 |
916 SF · lease $15.00/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fisheads Roadhouse Kitchen
Restaurant
Similar For Sale Nearby
FAQs
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
