Lake Placid See all listings

7-13 Wes Valley Road, Lake Placid, NY 12946

$575,000

MLS# 202737

0.3 acres

7,600 sq. ft


Listing Courtesy of: Merrill L. Thomas, Inc.

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Overview

Great income opportunity for a business entity. Mixed commercial storage /warehouse with 4 on-site apartment units all occupied.Two units rent for $700/ mos.,one for $875/mos. and one small unit for $650/mos. 2 of the apartments are located in an adjoining small 2 family residence which is separate from the warehouse. 2 of the apartments are in the the warehouse structure and have air conditioning. There is also a garage structure next to the rear residence which is used for vehicle storage.Warehouse building has 5500 gross sf which includes 2 apts having 875 sf each.The detached 2 family residence to rear has 1500 sf…..there is also a detached garage having about 1500sf. All apartments have been renovated in recent years.The warehouse portion of the property has some 10 individual rental storage spaces which generate a monthly revenue of $500 at the present time although the owner occupies a large portion of the space for his own business use.. The interior is typically sheetrock and is clean and dry space. There is also a garage rental that generates $100 per month.The warehouse structure has a new metal roof and new siding and recent interior painting.
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Details & Amenities

Listing Details

  • MLS #: 202737
  • Status: Pending
  • Date Listed: 08-14-2024
  • Sq. Ft: 7,600
  • Acreage: 0.3
  • Seasonal Property: No
  • Listing Agent: Stuart Ruttan, II
  • Listing Courtesy of: Merrill L. Thomas, Inc.

Interior Features

  • Basement: None
  • Heating Type: Electric
  • Air-conditioning Type: Wall/Window Unit(s)

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Lake Placid
  • Township: N Elba
  • School District: Lake Placid
  • Views: None
  • Lot Features: Irregular Lot, Level, Subdivided
  • Lot Size Area: 0.3
  • Road Type: Paved
  • Sewer: Public Sewer
  • Zoning Description: Mixed

Building & Construction

  • Tax Map #: 42.221-2-4.000/7.000
  • Annual Taxes: $6,409
  • Year Built: 1978
  • Parking Features: Off Street, On Site
  • Exterior Siding: Wood Siding
  • Roof Type: Metal
  • Foundation Details: Slab
  • Electric AMP: 200+ Amp Service
  • Water Source: Public
  • Features: Apartments, Commercial/Residential, Overhead Door(s)