2742 Main St
Lake Placid, NY 12946
Retail Property For Sale

Incredible commercial opportunity in a prime location on Main Street in Lake Placid, NY. This multi-use building currently operates on the retail level as Mr. Mikes restaurant and pizzeria with apartment rentals on the top two floors. The restaurant space features a massive 7,000 square foot dining area with seating for 120 plus two separate banquet rooms with seating for 80, serviced by a large open commercial kitchen with tons of cold and dry storage, cooking and prep areas. The building was updated in 1998 with a stucco exterior, a steel frame addition and features central air conditioning. The sale includes all restaurant furniture, fixtures and equipment making this an ideal turn-key opportunity for a restaurateur or commercial enterprise looking to establish their business in a high-visibility, high-traffic location situated on a corner lot at a 4-way stop light with off-street parking. In addition to the restaurant space, the building comprises 3 apartments on the second floor with a penthouse apartment master bedroom that enjoys High-Peaks views on the third floor. Apt #1 is 600sq feet, 2 bedroom - 1 bath and is currently renting as a short-term rental. Apt #2 is 850sq feet, 2 bedroom - 2 bath and is currently renting for $950/month. Apt #3 is 700sq feet, 2 bedroom - 1 bath and currently renting for $750/month. The penthouse is a top floor 850sq foot apartment with 2 bedrooms - 2 bathrooms. Included in the sale is an additional .10 acre lot in the rear of the building that is ideal for additional parking or future development.This large commercial property has great potential for any number of uses and could easily be divided into separate retail storefronts. The commercially zoned area, access to amenities and walk-to-town location is ideally suited for a larger commercial enterprise with potential for expansion. Lake Placid is a world-renowned four-season resort destination that welcomes 3.3 million overnight visitors a year with 60 million people who live within a day's drive of the Adirondack region.