77 Canada St Lake George, NY 12845

This exceptional commercial property in the heart of Lake George Village presents a unique investment opportunity. Encompassing over an acre (1.03 acres to be exact) of land, this property consists of five adjoining parcels, currently featuring two houses – a five-bedroom, 3.5-bathroom home and a five-bedroom, three-bathroom home – both successfully operating as short-term rentals with a proven rental history. Two of the parcels comprise a 50-space parking lot currently leased to the Village of Lake George. The remaining parcel houses a former restaurant building, the Pancake House. Pre-approved development plans exist for a mixed-use development incorporating retail and rental spaces on the front three lots. The property boasts public water and sewer, and heating systems include steam, oil, and other options. Cooling is provided by window units. The existing homes feature wood siding and unfinished basements. The property is zoned for mixed use, offering significant flexibility for future development. Located in the Lake George School District, the estimated annual property taxes are $22,917. This prime location and versatile property offer substantial potential for a savvy investor.