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506 Lake Flower Ave
Saranac Lake, NY 12983
Retail Property For Sale
Investment Highlights
- Located on a highly trafficked stretch of Route 86 in the heart of Saranac Lake, surrounded by year-round Adirondack recreation destinations.
Executive Summary
Turnkey mixed-use opportunity in the heart of the Adirondacks. This offering includes both a successful, ongoing retail business with steady cash flow and the underlying real estate, featuring a ±900 SF storefront and a spacious 1,200 SF, 2-bedroom, 2-bath apartment on approximately 0.50 acres. Located along a highly trafficked main road, the retail space benefits from strong visibility and consistent customer flow. The established business provides immediate income, while the residential unit offers comfortable owner-occupancy or additional rental revenue. Surrounded by year-round outdoor recreation, this is an ideal opportunity for an entrepreneur or investor seeking a proven business and a live/work lifestyle in a destination market popular with outdoor enthusiasts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,489 SF
Building Class
C
Year Built
1920
Price
$721,550 CAD
Price Per SF
$289.90 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.11
Lot Size
0.54 AC
Zoning
07 - MIXED - Stores & Residential
Parking
8 Spaces (2.49 Spaces per 1,000 SF Leased)
Frontage
50’ on Lake Flower Avenue
Property Taxes
| Parcel Number | 154003-032-263-0001-003-000-0000 | Improvements Assessment | $166,982 CAD |
| Land Assessment | $145,588 CAD | Total Assessment | $312,570 CAD |
Property Taxes
Parcel Number
154003-032-263-0001-003-000-0000
Land Assessment
$145,588 CAD
Improvements Assessment
$166,982 CAD
Total Assessment
$312,570 CAD
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