133-139 Broadway Saranac Lake, NY 12983
7,594 SqFt
UPDATED:
Key Details
Property Type Condo, Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,594 sqft
Price per Sqft $161
MLS Listing ID 208047
Year Built 1930
Annual Tax Amount $13,837
Lot Size 1.110 Acres
Acres 1.11
Property Sub-Type Apartment
Source Adirondack-Champlain Valley MLS
Property Description
The centerpiece is a classic four-story brick building featuring 12 residential apartments and 2 street-level commercial spaces, complemented by an adjacent building offering an additional 3 residential apartments above a commercial space. A dedicated parking lot provides ample off-street parking for tenants and street parking spaces for customers--an increasingly valuable amenity in the village center.
Steeped in local history, 139 Broadway has evolved through the years from a beloved restaurant and miniature golf attraction and continues its legacy today as a thriving commercial property. Every unit is currently leased, creating immediate income while offering future flexibility and investment upside.
Positioned in close proximity to the Adirondack Rail Trail and within the energetic heartbeat of downtown Saranac Lake, tenants enjoy walkable access to cafés, restaurants, breweries, boutique shopping, the Pendragon Theatre, the weekly Farmers Market, Riverside Park, year-round community events, and the popular Summer Concert Series. This prime location continues to benefit from the village's growing tourism economy and year-round appeal.
Whether you're expanding an investment portfolio, completing a 1031 exchange, or seeking a landmark mixed-use asset with proven performance, opportunities 133-139 Broadway represents not only a collection of buildings, but a cornerstone investment in the continued growth and vitality of one of the Adirondacks' most sought-after communities.
Location
State NY
County Franklin
Zoning Commercial
Direction At intersection of Broadway and Bloomindale Avenue light take Broadway to 133-135 Broadway
Body of Water None
Rooms
Basement Full, Unfinished
Interior
Interior Features Apartment
Heating Hot Water, Oil
Cooling None
Appliance Electric Oven, Electric Range, Oil Water Heater, Refrigerator
Exterior
Exterior Feature Lighting
Parking Features No Garage
Utilities Available Internet Available, Sewer Connected, Water Connected
View Commercial, Mountain(s)
Roof Type Rolled/Hot Mop
Road Frontage Public
Building
Structure Type Brick
Schools
School District Saranac Lake
Others
Senior Community No
Tax ID 446.68-7-5.100 +++
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard