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2490 Main StreetLake Placid, NY 12946Price: $2,600,000

  • Price: $2,600,000
  • 271 Days on Market
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Federal 30-year interest rate: 6.96% last updated on Jan 23, 2025
* 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.
  • $2,600,000List Price
  • 0.25Acreage
  • 8,999Square Feet
Listed by Colleen Holmes of Engel & Volkers Lake Placid Real Estate (colleen.holmes@evrealestate.com)

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Rare Investment Opportunity on Main Street, Lake Placid, NY! Welcome to 2490 Main Street, a landmark multi-unit building offering 8,071 SF of prime commercial space across two stories. Currently occupied by three tenants, including long-time anchor tenant Starbucks, this property represents a secure and lucrative investment. Situated on the newly revitalized Main Street in the heart of Lake Placid's Village, this property benefits from a $10 million municipal upgrade to infrastructure and public sidewalks, ensuring unparalleled visibility and accessibility. With high vehicle and foot traffic and surrounded by three public parking lots, it is ideally positioned to attract both visitors and locals year-round.The property includes three distinct units: Unit 1 (ground level) spans 1,786 SF, and Unit 2 (ground level) offers 1,885 SF, with both ground-floor spaces benefiting from scheduled rental escalations for enhanced income potential. Unit 3, located upstairs, encompasses 4,400 SF, includes six private parking spaces with public parking access and same-level entry, and features a private outdoor dining area. Some furnishings and equipment are also included in the sale, adding further value to this offering.With New York State's $1 billion investment in Olympic venue and tourism site enhancements, Lake Placid is evolving into a global hub for winter sports while maintaining its status as a premier summer destination. This rare opportunity combines a prime location, secure income streams, and significant growth potential in one of the North Country's most sought-after markets. Don't miss the chance to invest in the heart of Lake Placid's vibrant community and modern transformation.

Property Details of 2490 Main Street

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 Based on information submitted to NY_ACVMLS as of January 25, 2025 9:52 AM EST . 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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