110 Montcalm St Ticonderoga, NY 12883-1353
This 1,274 square foot storefront located at 110 Montcalm Street in Ticonderoga, New York, presents a compelling redevelopment opportunity. The property, built in 1941, sits on a 2,678 square foot lot and offers 4.5 parking spaces. Currently zoned for commercial use, this single-story building is priced at $85,000, or $66.72 per square foot. Its distressed sale condition makes it an attractive investment for those seeking a project with significant upside potential. The property's location next to a popular Star Trek tourist attraction offers unique exposure to a diverse customer base, drawing visitors from around the globe. This presents a chance to establish a new business, create a secondary location for an existing enterprise, or renovate and lease the space for rental income. The affordability of this property, compared to commercial rents in nearby Lake George Village, makes it a particularly attractive proposition. Furthermore, the possibility of securing grant funding for redevelopment adds another layer of financial incentive. This is a rare chance to capitalize on the revitalization potential of Ticonderoga, a town described as the last truly undeveloped area on Lake George, and attract investors seeking opportunities in this burgeoning market. The property is owned by an LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Ticonderoga, NYTiconderoga. Always verify with local authorities before improvements.
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.