326 Canada StLake George, NY 12845

Property Details for 326 Canada St

Year built

1950

Lot size

0.14 AC

Property size (Sq ft)

1,035 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Live-work space

APN

522201 251.14-3-35

APU

52220125114335

Description

This exceptional retail property, located at 326 Canada Street in the vibrant village of Lake George, New York, presents a fantastic investment opportunity. The building boasts a total of 1,748 square feet of net rentable space, ideal for a variety of retail businesses. Situated in Warren County, with a zip code of 12845, this property benefits from high visibility and foot traffic in a thriving tourist destination. The asking price is $484,200. The property's convenient location within Lake George Village offers easy access to major roadways and ample parking for customers. This is a turnkey opportunity for an entrepreneur looking to establish or expand their retail presence in a highly desirable area. The building's 1,748 square feet provide ample space for a diverse range of retail concepts, from boutiques and gift shops to cafes and specialty stores. The property is currently available for sale and represents a rare chance to acquire a well-situated retail space in a popular New York tourist destination. Its prime location and substantial square footage make it an attractive proposition for investors seeking a strong return on investment. Detailed information regarding the property's specifics is available upon request. Don't miss this chance to own a piece of Lake George's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $257,110

  6.5%

  $237,332

  7%

  $220,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $136,142

  Geo Method

  $135,233

• Alternative Use

  Use

  Valuation

  Residential

  $294,292

  Hospitality

  $269,570

  Educational

  $224,279

  Medical

  $231,992

  Retail

  $348,879

Location Insight

City

Lake George

County

Warren

State

New York

Latitude

43.4265

Longitude

-73.7118

CBSA code

24020

CBSA name

GLENS FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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