4921 Lk Shr DrBolton, NY 12814

Property Details for 4921 Lk Shr Dr

Year built

1968

Lot size

0.52 AC

Property size (Sq ft)

640 SF

Zone code

TOB

Property type

Investment properties

Property subtype

Retail residential properties

APN

522000 171.19-1-62

APU

52200017119162

Description

This exceptional commercial property, located at 4921 Lake Shore Drive in Bolton Landing, NY (zip code 12814), presents a rare investment opportunity. Situated on a spacious 0.52-acre lot, this established retail/garden center boasts a main building and five additional sheds of varying sizes, plus three greenhouses. The property benefits from a highly visible location on Lake Shore Drive, welcoming traffic from Lake George Village and Diamond Point. The existing business, operating for 30 years, enjoys a strong reputation and seasonal operation (6-8 months annually). Features include 200-amp service, public water and sewer, and five on-site parking spaces. The property is zoned Commercial General Business (GB5000) and Residential Medium Density (RM1.3). Heating systems include baseboard, electric, and a leased propane tank radiant system; cooling is provided by window units. Exterior features include Tex 11 and wood siding, landscaping, and exterior lighting. The interior offers high-speed internet access. The asking price is $1,125,000, with estimated annual property taxes of $2,776. This turnkey operation offers significant potential for growth and expansion. The sale includes all existing improvements on the lot. The property is located within the Bolton School District in Warren County, New York.

• CAP approach

  CAP return

  Valuation

  6%

  $197,143

  6.5%

  $181,978

  7%

  $168,979

• Comparable approach

  Method

  Valuation

  Relative Method

  $130,486

  Geo Method

  $129,615

• Alternative Use

  Use

  Valuation

  Residential

  $181,978

  Hospitality

  $166,691

  Educational

  $138,685

  Medical

  $143,454

  Retail

  $215,732

Location Insight

City

Bolton Landing

County

Warren

State

New York

Latitude

43.5551

Longitude

-73.6561

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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