Lake Luzerne Mini
96 Lake Avenue Lake Luzerne, NY 12846
96 Lake Avenue, Lake Luzerne, NY, 12846
$439,000
For Sale
$439,000
Thriving deli and market in Lake Luzerne, New York.
Property Size2,565 SF
Lot Size0.13 Acres
Price / SF$171.15
Days on Market155
Property Features for 96 Lake Avenue
General Information
- Standard status
- Active
- Size
- 2,565 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency
DAVIES-DAVIES & ASSOC REAL EST
(518) 656-9068
Listed by
ASHLEY NAGY
Source
Corcoran
Added: Feb 16 Updated: Jul 6 at 10:04 am Checked: Jul 20 at 3:37 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 DAVIES-DAVIES & ASSOC REAL EST
Investment Insights
Based on property information with market context.
Joe's Mini Mart is a well-known deli and market located on a high-traffic Main Street in Lake Luzerne. This property includes the business, building, fixtures, and inventory. The property has undergone recent improvements, including a newly repaved parking lot, a new freezer for ice, a new kitchen freezer, new compressors for the walk-in coolers, new deli coolers, a new oven and proofer, durable epoxy floors, a new boiler, and new siding. The property size is 2565 square feet. It is a turn-key opportunity with established community loyalty.
Key Highlights
- Turn‑key business opportunity including business, building, fixtures, and inventory.
- High‑traffic Main Street location with established community loyalty.
- Extensive recent improvements including new freezers, coolers, oven, boiler, siding, and repaved parking lot.
Local Financial Insights For Specialty 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 | $46.2k | $18.00 |
| − Vacancy | −$1.9k | −$0.76 |
| EGI | $44.2k | $17.24 |
| − OpEx | −$11.1k | −$4.31 |
| NOI | $33.2k | $12.93 |
2,565 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$473.9K
$414.7K – $552.9K
NOI $33,173 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$354.0K
$309.7K – $413.0K
NOI $24,778 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$767.7K
$671.8K – $895.7K
NOI $53,742 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Joes Mini Mart
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Luzerne Market — 12 Main St, Lake Luzerne, NY 12846
FAQs
What type of property is this?
Grocery and convenience store - Thriving deli and market in Lake Luzerne, New York.
Where is this grocery and convenience store located?
The property is located at 96 Lake Avenue Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Turn‑key business opportunity including business, building, fixtures, and inventory.; High‑traffic Main Street location with established community loyalty.; Extensive recent improvements including new freezers, coolers, oven, boiler, siding, and repaved parking lot.
