5970-76 Sentinel Road
5970-76 Sentinel Road Lake Placid, New York 12946 United States

$1,175,000
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Calling all smart investors with vision for future development - this rare offering consists of 3 store fronts and 22 studio & 1-bdrm apartments, a cottage + additional building parcel approved for 18 more apartments in 3 buildings - see Proposed...
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Select Sotheby's International Realty

Phone: 518.580.8500
$1,175,000
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Price / Sq. Ft.:
$30 /
39,099 Sq Ft.
Interior
1.49 Acres
Exterior
Commercial
1940
Year Built
156283
Web Id
156283
MLS ID
None
Subdivision
Lake Placid Central School District
School District
582
days ago

About 5970-76 Sentinel Road

Calling all smart investors with vision for future development - this rare offering consists of 3 store fronts and 22 studio & 1-bdrm apartments, a cottage + additional building parcel approved for 18 more apartments in 3 buildings - see Proposed Conceptual Site Plan/ Docs. Add to this high traffic location with excellent exposure on one of the main entrances to Lake Placid on Rte. 73, and you will agree - the possibilities for commercial/retail/ multifamily/resid. expansion and growth are many! Apartments are 100% occupied, current monthly income is approximately $16,000 (as per seller). On Lake Placid free shuttle route, in walking distance to all the main attractions *Owner financing*

Listing Courtesy of Engel & Volkers Lake Placid Real Estate

Amenities

  • Swimming Pool

features

cooling
Electric
lot description
Level, View, Waterfront

PROPERTY INFORMATION

Amenities
Bus-Public, Cable TV, Carbon Monoxide Detector, Swimming Pool
Basement
Crawl
Heating
Electric Baseboard
Parking Description
Off Street, Public
Sewer
Public Water, Public Sewer
Style
Commercial/Residential, Storefront
View
Meadow, Mountains, Residential

EXTERIOR

Construction
Wood Frame
Lot Description
Paved, Level, View, View Mountains
Roofing
Composition Shingle