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Property profile

44 Jct Rd Lake Clear, NY 12945

OFF-MARKET
Retail properties & Spaces
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5,045 SF 8.8 ac lot Built 1891

Property summary

AI-generated overview

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).

Property profile

Verified
Property type Retail properties & Spaces
Year built 1891
Total area 5,045 SF
Lot 8.8 ac (383,328 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

5 recent transactions · within 1.5 mi
Comparable in this city
5 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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