Attention Real Estate Investors:
- Mixed use retail/ residential investment (current retail space is set up as restaurant)
- Corner double lot property on one of busiest roads in the Adirondacks.
The Adirondacks' premier take-out and dine-in establishment's building and adjacent outdoor deck garden is on the market.
And it is priced at 25k below appraised market value!
The price is right- $886 per month @ 5% apr. If you add up the rent roll of 2300 per month, well.....do the math. Low taxes and separate electric meters create an opportunity for serious ROI. This property will provide positive cash flow on day one.
Three upstairs apartments, the storefront restaurant and adjacent outdoor dining area make up a package that is unbeatable for the price in the “Capital of the Adirondacks”- Saranac Lake.
Please contact Chris Covert at
Guide Boat Realty to schedule your showing of this very versatile property.