86 Main St, Saranac Lake, NY 12983

14,652 SF 0.5 ac lot Built 1980

Entity Owned 21-yr Hold Free & Clear

Property ID

US63-3211399

$990,000 14,652 SF

86 Main St, Saranac Lake, NY 12983
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This stunning 14,652 square foot, four-story retail building at 86 Main Street in Saranac Lake, NY, presents a unique investment opportunity. Built in 1930 and extensively renovated in 1997, the property boasts high-end finishes throughout. The building features approximately 3,600 square feet per floor, including a partially finished basement with exterior access. Currently configured with street-level medical offices, the second floor includes architectural plans for two apartments (1,500 sq ft and 1,000 sq ft), showcasing high loft ceilings and floor-to-ceiling windows. The third floor houses a 1,600 sq ft owner-occupied loft apartment with a bedroom, gas fireplace, and mountain views, offering potential for additional apartment development. The building is constructed of brick and masonry, with a rolled/hot mop roof and a concrete perimeter foundation. Amenities include central air conditioning, forced-air oil heating (with a tank on site), 200+ amp electric service, off-street private parking, and a functional (though currently unused) elevator. The property is connected to sewer and water, with cable and internet availability. Safety features include fire sprinklers, fire alarms, and carbon monoxide detectors. An oil water heater is also present. The 0.5-acre lot is zoned mixed-use, and the property is situated in a prime location, potentially eligible for a Main Street Franklin County grant. The asking price is $1,275,000 ($87.02/sq ft). APN: 447.77-8-24.