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816 State Route 86Gabriels, NY 12939Price: $950,000

  • Price: $950,000
  • Est. Mortgage of $/month
  • 28 Days on Market
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Federal 30-year interest rate: 6.87% last updated on Jun 20, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $950,000List Price
  • 1Bedrooms
  • 1Bathrooms
  • 11.92Acreage
  • 800Square Feet
Listed by Kelly Locke of Merrill L. Thomas,Inc.

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Picturesque and rare development opportunity in the heart of the Adirondacks. Located in the hamlet of Gabriels, tucked between Paul Smiths and Saranac Lake- this 11+ acre compound consists of 4 APA approved building lots, 2 scenic ponds, and a cottage.While only minutes away from idyllic Saranac Lake and renowned Lake Placid, this setting affords tranquility while conveniently surrounded by the best of what the Adirondacks have to offer. Minutes to museums, eateries, hiking, boating, fishing, skiing, and shopping. Whether you enjoy snowmobiling, cross country skiing, or country walks- this land is located a stone's throw to a number of trails.Develop your dream compound tucked into nature, or capitalize on this excellent investment opportunity- possibilities are abound! Enjoy fishing directly from your own private ponds, spending evenings gazing at night skies untouched by city lights, or a day exploring all the area has to offer- this opportunity won't last! Currently a single, 11+ acre parcel, the future purchaser would have the option to subdivide. The portion of the land that borders Route 86 would be ideal for a commercial business, or duplex/triplex.*NOTE: Commercial/Residential lot that boarders Rt. 86 can be sold separately for $149,000. Main parcels with ponds, $800,000. Seller is currently finalizing subdivision plans. Updated listings to come.

Property Details of 816 State Route 86

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 Based on information submitted to NY_ACVMLS as of June 24, 2024 9:52 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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