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Property profile & analytics
OFF-MARKET
Investment properties

110 Montcalm St Ticonderoga, NY 12883-1353

1,276 SF 0.06 ac lot Built 1941
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US63-3965368
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1941
Total area 1,276 SF
Lot 0.06 ac (2,614 SF)
Zoning code 05 - COMMERCIAL
APN 154800 150.43-9-9.000
UPID US63-3965368
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Havanna Moon 13 LLC · 8 yrs held
Havanna Moon 13 LLC
since 2018
1 recorded transaction
2018
$5,063
Zoning & alternative use
05 - COMMERCIAL · Ticonderoga, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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