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    44 Jct Rd Lake Clear, NY 12945
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    44 Jct Rd, Lake Clear, NY 12945

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    • Retail properties & Spaces
    • 5,045 SF
    • 8.80 lot acres
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 44 Jct Rd

    Year built
    1891
    Lot size
    8.80 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Bars & Pubs

    Description

    This exceptional mixed-use property in Saranac, NY, presents a rare investment opportunity. Located at 44 Junction Rd, this 5,045 square foot establishment sits on an 8.8-acre lot (APN: 422.-3-13.200) and boasts a rich history, dating back to 1891. The property includes a well-known restaurant and bar, strategically positioned at a high-traffic intersection of major snowmobile trails, ensuring year-round patronage. Further enhancing its appeal are 24 full hook-up campsites (with expansion potential), six rental rooms, and a separate rental cabin. Additional amenities include a laundry service, bathhouse, small pavilion, and a seven-stall storage barn. The property also features a stunning, original train station with preserved woodwork, sliding doors, and a loading dock. A four-bedroom owner's house is included on the property. The building features wood siding, a composition/rolled/hot mop roof, block and stone foundation, and central air conditioning. Heating is provided by above-ground propane tanks, and the property has 200+ amp electric service. A septic tank handles sewage, and water is supplied by a drilled well. Appliances include a bar fridge, built-in range, dishwasher, freezer, microwave, refrigerator, and water heater. Security features include smoke and carbon monoxide detectors. Off-street, lighted parking is available. This property offers a unique blend of established business and significant expansion potential, making it an ideal investment for a discerning buyer. The asking price is $2,750,000 ($545.09/sq ft).


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Lake Clear
    County
    Franklin
    State
    New York
    Longitude
    -74.2523
    Latitude
    44.3351
    More about this property
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