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Meyer's Building 74 Main St 3,633 SF Retail Building Saranac Lake, NY 12983 $675,000 ($185.80/SF)
Investment Highlights
- Turnkey restaurant & bar with a 25+ year local following (est. 1997) — operate on day one.
- High pedestrian traffic driven by Saranac Lake’s year-round events and tourism.
- Expansion potential to add up to two additional floors (subject to approvals).
- Prime Main Street location adjacent to the municipal parking lot for easy customer access.
- Flexible floor plan to continue the Downhill Grill legacy or launch a new concept.
- Operational efficiency with a full basement providing ample storage and back-of-house support.
Executive Summary
Seize the opportunity to own a piece of Saranac Lake’s vibrant dining scene with the Downhill Grill, a renowned and well-established restaurant and bar since 1997 located in the heart of this charming town. This turnkey property is perfectly positioned for a new owner to continue its legacy as a beloved local favorite or to introduce an exciting new culinary experience to the area. Situated centrally in a thriving community known for hosting major events that draw significant foot traffic, Downhill Grill enjoys an enviable location adjacent to the Main Street municipal parking lot, ensuring easy accessibility for both locals and visitors. There is opportunity to add up to two floors to this magnificent building and the full basement offers more than sufficient storage. Whether you’re looking to build upon its success or bring fresh flavors to Saranac Lake, this restaurant is primed and ready for its next chapter.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,633 SF
Building Class
C
Year Built
1940
Price
$675,000
Price Per SF
$185.80
Tenancy
Single
Building Height
1 Story
Building FAR
0.77
Lot Size
0.11 AC
Zoning
05 - Commercial
Frontage
36’ on Main Street
Amenities
- Signage
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 164601-447-077-0008-022-000-0000 | Improvements Assessment | $156,600 |
| Land Assessment | $15,400 | Total Assessment | $172,000 |
Property Taxes
Parcel Number
164601-447-077-0008-022-000-0000
Land Assessment
$15,400
Improvements Assessment
$156,600
Total Assessment
$172,000
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Meyer's Building | 74 Main St
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