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    74 Main St Saranac Lake, NY 12983

    Sponsored
    For Sale
    $795,000

    Established Restaurant, Turnkey Opportunity

    Property size:
    3,638 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional turnkey restaurant opportunity presents a rare chance to acquire the renowned Down Hill Grill, a well-established Saranac Lake eatery operating since 1997. Located at 74 Main Street, this 3,638 square foot property sits on a 0.13-acre lot in the heart of Saranac Lake, New York, a thriving community known for its vibrant events and significant foot traffic. Its prime location adjacent to a municipal parking lot ensures easy accessibility. The building offers a full basement providing ample storage, and there's potential for expansion with the addition of up to two more floors. The Down Hill Grill is a beloved local favorite, perfectly positioned for a new owner to continue its legacy or introduce a new culinary concept. The asking price for this retail and land property is $795,000. This is a unique chance to own a piece of Saranac Lake's dynamic dining scene and capitalize on its established reputation and prime location within a bustling community. The property is zoned for commercial use and offers significant potential for growth and profitability. The existing infrastructure is in place, making this a truly turnkey operation ready for immediate occupancy and revenue generation. This is an exceptional opportunity for an experienced restaurateur or a new entrepreneur looking to establish a presence in a desirable market.

    Property Features for 74 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,638 SF
    Lot Size
    5,663 SF

    HighLights

    • Turnkey restaurant opportunity: Down Hill Grill, established in 1997.
    • 3,638 sq ft building on a 0.13‑acre lot at 74 Main Street, Saranac Lake, NY.
    • Prime location with adjacent municipal parking.
    • Full basement for storage; potential for two additional floors.
    • Asking price: $795,000.
    • Commercially zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Downhill Grill Grill

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Saranac Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.1312869
    Latitude
    44.326453

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Turnkey Opportunity
    Where is this restaurant located?
    The property is located at 74 Main St Saranac Lake, NY.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity: Down Hill Grill, established in 1997.; 3,638 sq ft building on a 0.13-acre lot at 74 Main Street, Saranac Lake, NY.; Prime location with adjacent municipal parking.
    Request Owner's contact information
    74 Main St 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
    74 Main St Saranac Lake, NY 12983
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