Sold for $895,000 on Jul 12, 2022
An investors opportunity awaits in this amazing building with 4 INCOME PRODUCING UNITS. The renovated first level offers either a restaurant, currently leased as Purple Sage (with a famous Chef), with indoor and outdoor seating, storefront, or offices. TWO BRAND NEW, 2 bedroom apartments built on the second floor- currently renting as long term at $1300/month, and a studio on the top level. All units have been constructed with high quality finishes and noise reduction walls and floors. The building includes off street parking lot and is just a short walk to Main Street shops in this ideal location. This is an investors dream to lease the main level and vacation rent out the apartments while you can sit back and enjoy. 2021 3 year lease with restaurant.
Contact:
colleen.holmes@evrealestate.com
Say Real Estate has been working in the Saranac Lake market for 33 years specializing in Residential, Commercial and Multi-Family properties.
We have most recently sold the Saranac Lake Plaza and several mixed use buildings on Main ST and Broadway in Saranac Lake, while also ranking highest in Residential sales among the Saranac Lake Real Estate Agencies.
Say Real Estate is also responsible for developing Loon Lake, NY. Loon Golf, Inc is one of the largest land owners in Loon Lake holding over 2500 acres with a market value of over Four Million. These 15 listings were a mixture of vacant land, waterfront and mixed use Historic buildings which were listed with us in early 2015. To date, we are proud to say 12 have been sold or are under contract.
We are aggressive, forward thinkers always looking to expand Saranac Lake’s residential offerings and commercial options. This area needs more upper end housing for long term rental and purchase, townhomes , more café’s and an expanded commercial block area in general.
We have been working very hard toward that vision in introducing Aldi’s to both Saranac Lake and Plattsburgh, McDonalds in Saranac Lake, Rite Aid to both Saranac Lake and Tupper Lake.
All of the DownTown buildings we have sold and now managed by Say Rentals have been renovated and reclaimed which has brought in a better quality of tenant.
Ready to accommodate all your Real Estate needs!
Give us a call today, we're in and working the neighborhood!
Principal Broker
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Cheryl "Cherrie" SaylesSay Real Estate Saranac Lake, NY |
Cheryl "Cherrie" Sayles | 518-524-7070 | Contact Us
87 River ST - Saranac Lake, NY 12983
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