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Property profile & analytics
FOR LEASE
Strip malls

1930 Saranac Ave Lake Placid, NY 12946

39,256 SF 6.7 ac lot Built 2001
Individually Owned 19-yr Hold Free & Clear
Property ID
US63-2927569
1930 Saranac Ave, Lake Placid, NY 12946 For Lease
$16 SF/Yr 39,256 SF available
1930 Saranac Ave, Lake Placid, NY 12946
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Property summary
AI-generated overview

This exceptional 75,000 square foot retail property, located at 1930 Saranac Ave in Lake Placid, NY 12946, presents a unique investment opportunity. Built in 2001, this two-story building is currently entirely vacant, offering a blank canvas for a new tenant or a redevelopment project. The property is classified as a single-tenant retail space, previously occupied by a supermarket. The building's size and location make it ideal for a variety of retail uses. The address is strategically situated in Lake Placid, New York, a vibrant community known for its tourism and recreational activities. The property's high visibility and accessibility ensure strong potential for attracting customers. The surrounding area boasts strong anchor tenants, including Kinney Drugs and NBT Bank, further enhancing the property's desirability and potential for success. With its substantial square footage and prime location, this property offers significant upside potential for investors seeking a high-impact retail investment in the heart of Lake Placid. The entire 75,000 square feet is available for lease or purchase. This presents a rare chance to acquire a large, well-located retail space in a thriving market. The property's 2001 construction date suggests a relatively modern building with potential for minimal renovation costs. Serious inquiries are encouraged.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Total area 39,256 SF
Lot 6.7 ac (291,852 SF)
Zoning code 02 - SINGLE RESIDENCE
APN 154089 42.6-3-16.100
UPID US63-2927569
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
Current use
Occupant on record · Public records
  • Redbox Cinema (Bike/Boat/Book/etc) Store
  • Tesla Supercharger Electric Vehicle Charging Station
  • Coinstar Bank Credit Union
  • Western Union Bank Credit Union
  • ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$770k
Owner & transaction history
Windsor Lake Placid · 19 yrs held
Windsor Lake Placid
since 2007
1 recorded transaction
2007
$11.2M
Zoning & alternative use
02 - SINGLE RESIDENCE · Lake Placid, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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