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Sale Pending
MLS#202737

7-13 Wes Valley Road, Lake Placid

$575,000
0.30 ac
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.Click to View Virtual Tour
Listing courtesy of Merrill L. Thomas, Inc.

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Property Information

Price:
$575,000575000
MLS#:
202737
Type:
Commercial
Area: Lake Placid, New York
Acres:
0.30
Zoning:
Mixed
School District:
Lake Placid
Tax Map:
42.221-2-4.000/7.000
Total Taxes:
$6,409
Year Built:
1978
Garage / Carport:
Yes