320 Canada StLake George, NY 12845

Property Details for 320 Canada St

Year built

1929

Lot size

0.23 AC

Property size (Sq ft)

2,559 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Retail residential properties

APN

522201 251.14-3-36

APU

52220125114336

Description

This exceptional retail property located at 320 Canada St, Lake George, NY 12845, presents a compelling investment opportunity. The property boasts a total of 2,559 square feet of retail space, currently operating at 100% occupancy under an Absolute NNN lease. The building sits on a 2,559 square foot lot, providing ample space for customers and potential future expansion. The asking price for this turnkey investment is $899,100. The property's prime location in Lake George, Warren County, New York, offers excellent visibility and accessibility, ensuring consistent foot traffic and strong tenant retention. The single-tenant occupancy simplifies management and minimizes vacancy risks, making this an ideal asset for investors seeking a stable and predictable income stream. The property's solid performance history and the strength of the current lease agreement make this a low-risk, high-reward investment prospect. This is a rare opportunity to acquire a well-established retail property in a desirable tourist destination. The property's size and location make it suitable for a variety of retail businesses, ensuring long-term value and potential for appreciation. Detailed financial information and lease terms are available upon request. Don't miss this chance to secure a profitable addition to your investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $788,262

  6.5%

  $727,627

  7%

  $675,653

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,740

  Geo Method

  $518,256

• Alternative Use

  Use

  Valuation

  Residential

  $727,627

  Hospitality

  $666,502

  Educational

  $554,522

  Medical

  $573,593

  Retail

  $862,590

Location Insight

City

Lake George

County

Warren

State

New York

Latitude

43.4263

Longitude

-73.712

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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