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Property profile

2433 Main St Lake Placid, NY 12946

OFF-MARKET
Retail properties & Spaces
500 SF Built 1907
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Property summary

AI-generated overview

This 500-square-foot storefront at 2433 Main Street in Lake Placid, NY, presents a unique investment opportunity. Built in 1907, this commercially zoned property boasts a prime location within the bustling Olympic Village, ensuring high foot traffic. The building features block and brick construction, a rolled/hot mop roof, and a block foundation. Heating is provided by an oil system, while cooling is handled by wall units. The property benefits from 200+ amp electric service, along with readily available internet, sewer, and water connections. Tenants are responsible for electricity, insurance, and water expenses. The asking price is $95,000, translating to a land value of $190 per square foot. This listing is for the business and inventory only

Property profile

Verified
Property type Retail properties & Spaces
Year built 1907
Total area 500 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Specialty Food Shop Candy Store

Location

2433 Main St Lake Placid, NY 12946
Lake Placid metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

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