1930 Saranac Ave Lake Placid, NY 12946
For Lease
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.
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Redbox Cinema (Bike/Boat/Book/etc) Store
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Tesla Supercharger Electric Vehicle Charging Station
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Coinstar Bank Credit Union
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Western Union Bank Credit Union
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ChargePoint Charging Station Electric Vehicle Charging Station
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
02 - SINGLE RESIDENCE · Lake Placid, NYLake Placid. 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.