Adirondack Country Homes Realty Inc.
Presented by our Lake Placid Regional Office

518.569.8884

 

            

 

 

 

Inventory #CO0195

PRIME COMMERCIAL BLOCK  - Withdrawn

Three in One Offering.  Three parcels or the entire end of block where Route 73 enters tourist traffic into downtown Main Street of Lake Placid.  Great visibility!  Currently building serving as an outfitting service.  This corner is great for retail shops, mall, hotel, banking, corporate offices and any tourist business due to the traffic count!

  • .50 acre lot with older barn with frontage on Morningside Drive and Parkside Drive with generous road frontage

  • .29 acre lot with 3,840 retail store (business for sale separately, inquire) on Main Street with 227' road frontage on Main Street and Morningside Drive

  • .20 acre vacant lot, level with 79'+ of road frontage

Owner may consider selling retail separately; only serious inquiries please*.  Inquire at our ACHR Lake Placid office just next door at the corner of Wilmington and Morningside Drive!

Offered at $1,400,000

Parcel with retail store Part of empty lot to the left
Block view (barn shown at edge ... more pictures to follow) Morningside Drive and to Parkside Drive (house not included)
Retail Store (business not for sale) Retail Store wide angle

* Interim Business Income Opportunity Respecting the Property.

 This desirable one-acre property has an active and profitable sports equipment sales and sports equipment rental business that might be considered as a very significant source of interim income and community involvement by a purchaser pending the evolution and construction approval of his development ideas for the parcel.

 Priced aggressively by the owner/seller at $ 50,000 for the business plus inventory estimated at cost of $ 200-400,000, the Mountain & Boardertown business is housed in a 2400 sq. foot high visibility block and frame building that is strategically located for success, i.e. it is at the entrance to the resort Village of Lake Placid, and is the sports equipment store on the edge of town closest to the sports venues that have made the Olympic Village a year-around resort: Whiteface Mountain, the Intervale Shi Jumps and the Nordic Skiing complex at Mount Van Hoevenburg.

 In 2005 and 2006, both uninspiring winter seasons for weather reasons, Mountain and Boardertown had sales exceeding $ 500,000, well below the $625,000+ revenues of the three prior years.  At current sales levels and with a gross profit of approximately 50%, the business generates in excess of $ 75,000 for the owner-prior to depreciation, taxes, interest and internal charges that a new owner would not experience.  Staff is loyal and energetic, and would be expected to be available for a new owner.  

There is, in addition, a barn/ex riding stable building that might be remuneratively used for modest income from storage, etc.