5 Hawk Rdg Coreys, NY 12983
This exceptional 6.52-acre commercial land parcel presents a unique investment opportunity in the desirable Saranac Lake, New York area. Located in Franklin County, specifically Lot 5 Hawk Ridge, this property boasts a cleared building envelope, simplifying development. Utilities are already in place, with electricity and cable services readily available. The lot is zoned for residential use, offering flexibility for various commercial ventures. Enjoy breathtaking mountain views within a premier subdivision, providing a serene and private setting. The property's convenient location offers easy access to outdoor recreation, with nearby trails connecting to Dewey Mountain Ski trails. Furthermore, it's strategically positioned just five miles from the vibrant downtown Saranac Lake and a short eight-mile drive to the renowned Lake Placid. The assessed parcel number (APN) is 457.51-1-1.100. The asking price is $175,000, translating to approximately $26,840.49 per acre. This represents a compelling value for a property with such desirable features and location. The property's size and amenities make it ideal for a variety of commercial developments, capitalizing on the area's natural beauty and proximity to popular tourist destinations.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.