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    Cascade Rd Lake Placid, NY 12946

    • Land
    • 23.87 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cascade Rd

    Lot size
    23.87 lot acres
    Property type
    Land

    Description

    This exceptional 23.87-acre commercial land parcel in Lake Placid, NY, presents a unique investment opportunity. Located on Cascade Road, with secondary access from Old Military Road, this high-visibility property boasts stunning mountain vistas and proximity to the village center and horse show grounds. The property is zoned for mixed use, allowing for diverse development possibilities, including residential units or commercial projects. Pre-approved plans by the Lake Placid town board and APA for a townhome project, including duplexes and affordable housing, are available for review by prospective buyers. This represents a rare chance to acquire a large, strategically located parcel with significant development potential in a highly desirable area. The property's prime location offers easy access to Route 73 and is situated on a key corridor leading to Main Street. This versatile land is ideal for a private residence, commercial enterprise, or a multi-family development, capitalizing on the breathtaking scenery and convenient location. The asking price is $2,999,000. The property is situated in Essex County, NY, with a zip code of 12946. Detailed permits are available for review.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Essex
    State
    New York
    Longitude
    -73.929
    Latitude
    44.2412

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    Similar Nearby for Lease

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      Retail and Office Space Available

      Shopping center with retail and office space for lease.
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    • Contact for pricing
      1,268 SF

      Retail and Office Space Available

      Mixed-use retail and office building anchored by Price Chopper and Kinney Drugs.
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    Cascade Rd
    Lake Placid, NY 12946
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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
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