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    587 Lake Flower Ave Saranac Lake, NY 12983

    Sponsored
    For Sale
    $500,000

    High-traffic location, prime commercial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.5-acre commercial land parcel is ideally situated in Saranac Lake, New York, at 587 Lake Flower Ave, in Essex County, zip code 12983. The property boasts a prime location adjacent to the newly developed Aldi Supermarket, ensuring high visibility and accessibility for any business. This strategic placement promises a strong potential for high foot traffic, benefiting from the steady stream of customers visiting the neighboring supermarket. The land offers significant advantages for businesses seeking a thriving location within a bustling community. The asking price for this exceptional opportunity is $500,000, translating to a land value of $22.96 per square foot. Its convenient location and proximity to other commercial establishments make it an attractive investment for entrepreneurs looking to establish a successful venture in the heart of Saranac Lake's commercial landscape. This property presents a unique chance to capitalize on the area's strong commercial activity and establish a business with excellent visibility and customer access. The coordinates for this property are latitude 44.3123797 and longitude -74.1152921.

    Property Features for 587 Lake Flower Ave

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • Prime Saranac Lake location at 587 Lake Flower Ave.
    • High visibility due to adjacency to a new Aldi supermarket.
    • High foot traffic potential from nearby Aldi shoppers.
    • Proximity to other commercial businesses.
    • Convenient customer access.
    Property Profile Location Intelligence

    Current Use by Public Records

    ALDI Supermarket

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Essex
    State
    New York
    Longitude
    -74.1152921
    Latitude
    44.3123797

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    FAQs

    What type of property is this?
    Land - High-traffic location, prime commercial land.
    Where is this land located?
    The property is located at 587 Lake Flower Ave Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Prime Saranac Lake location at 587 Lake Flower Ave.; High visibility due to adjacency to a new Aldi supermarket.; High foot traffic potential from nearby Aldi shoppers.
    (518) 810-4203
    Request Owner's contact information
    587 Lake Flower Ave Saranac Lake, NY 12983
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    Realmo Value Estimation

    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.

    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.

    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
    587 Lake Flower Ave Saranac Lake, NY 12983
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