Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    74 Main Street Saranac Lake, NY 12983

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $595,000

    Turnkey restaurant and bar for sale in Saranac Lake.

    Type:Retail
    Property size:
    3,638 SF
    Added:
    Dec 3, 2025
    Days on Market:
    118
    Last Refresh:
    Mar 25 at 9:08 pm

    Property Features for 74 Main Street

    General Information

    Standard status
    Active
    Size
    3,638 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Pj Whitbeck
    Pj Whitbeck

    Listing agent Pj Whitbeck License #10311209469

    Listing office

    Listing date Dec 3, 2025

    Source Cbcworldwide

    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 Pj Whitbeck

    Overview

    Established Restaurant and Bar Opportunity

    The Downhill Grill, a restaurant and bar established in 1997, is available for purchase. This turnkey property is located in the heart of Saranac Lake. The property is centrally situated in a community known for hosting major events. It is adjacent to the Main Street municipal parking lot. The property size is 3638 square feet on 0.13 acres. There is opportunity to add up to two floors to this building and the full basement offers storage. The property is positioned for a new owner to continue its legacy or introduce a new culinary experience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Downhill Grill Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Olive or Twist Traveling Bar Co. — 303 Lake Flower Ave, Saranac Lake, NY 12983

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.1313
    Latitude
    44.3265

    Nearby Similar for Sale

    • $758,000
      2,550 SF

      Versatile Commercial Property, Saranac Lake

      Meticulously maintained commercial property in Saranac Lake's 'Million Dollar Mile'.
      559 Lake Flower Ave, Saranac Lake, NY 12983
      View Details
    • $499,950
      2,673 SF

      Updated Triplex in Saranac Lake

      Immaculate, turnkey 3-unit property with strong rental income.
      101 Margaret Street, Saranac Lake, NY 12983
      View Details
    • $459,900
      3,687 SF

      Saranac Lake Multi-Unit Investment

      Two buildings, four units, generating income with upside potential.
      223+225 Neil Street, Saranac Lake, NY 12983
      View Details
    • $450,000
      7,562 SF

      Saranac Lake Mixed-Use Opportunity

      Versatile building in vibrant Adirondack community, ideal for redevelopment.
      15 Brandy Brook Avenue Saranac Lake, NY 12983
      View Details
    • $699,000
      7,192 SF

      Mixed-Use Building in Downtown Saranac

      Iconic mixed-use property with commercial and residential spaces.
      36 Broadway, Saranac Lake, NY 12983
      View Details
    • $1,999,000
      7,736 SF

      Adirondack Golf and Country Club

      Historic golf course with development potential in the Adirondacks.
      125 County Route 46, Saranac Lake, NY 12983
      View Details
    • $389,000
      3,060 SF

      Renovated Triplex in Saranac Lake

      Well-maintained, renovated triplex generating income, close to downtown Saranac Lake.
      137 Charles Street, Saranac Lake, NY 12983
      View Details
    • $1,275,000
      14,652 SF

      Saranac Lake Mixed-Use Building

      Four-level commercial building with renovation potential in prime location.
      86 Main Street, Saranac Lake, NY 12983
      View Details
    • $695,000
      8,081 SF

      Lake Flower Commercial Redevelopment Opportunity

      Prime commercial opportunity with high-visibility and redevelopment potential.
      137-141 River Street, Saranac Lake, NY 12983
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant and bar for sale in Saranac Lake.
    Where is this restaurant located?
    The property is located at 74 Main Street Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Well‑established and renowned Downhill Grill restaurant and bar operating since 1997.; Turnkey property ready for continued operation or a new culinary concept.; Prime central location in Saranac Lake, a thriving community known for major events and high foot traffic.
    (518) 578-0165
    We can help!
    Listing Contact
    Pj Whitbeck
    Pj Whitbeck
    Real Estate License ID: 10311209469
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!