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/1bdrm apartments, a cottage + additional building parcel approved for 18 more apartments in 3 buildings-see Conceptual...
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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
Apartment
1940
Year Built
156345
Web Id
156345
MLS ID
None
Subdivision
Lake Placid Central School District
School District
518
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/1bdrm apartments, a cottage + additional building parcel approved for 18 more apartments in 3 buildings-see Conceptual Site Plan in Documents! 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/residential expansion/growth are many! Apartments stay occupied, current monthly income is approximately $16,000 (per seller). On Lake Placid free shuttle route, in walking distance to all the main attractions **Owner financing possible**

Listing Courtesy of Engel & Volkers Lake Placid Real Estate

PROPERTY INFORMATION

Appliances
Range/Oven-Electric, Refrigerator
Basement
No Basement
Garage Info
No Garage
Heating
Electric Baseboard
Sewer
Public Water, Public Water Available, Public Sewer
View
Meadow, Mountains, Wooded

EXTERIOR

Exterior Features
Pool Inground
Roofing
Composition Shingle

INTERIOR

Interior Features
Cable TV