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Adirondack General Store 899 E Shore Dr 7,826 SF 100% Leased Retail Building Adirondack, NY 12808 $699,900 ($89.43/SF) 20.12% Cap Rate



Investment Highlights
- Schroon Lake
- Daily Traffic Count
- Nearby Beach
Executive Summary
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Controlled Access
- Restaurant
- Storage Space
- Air Conditioning
- Balcony
- Backup Power / Generators
- Cafe
- Awning
About 899 E SHORE DR , ADIRONDACK, NY 12808
An extraordinary, once-in-a-generation opportunity awaits at 899 E Shore Drive, Adirondack, NY. Positioned on the highly sought-after east side of Schroon Lake, this iconic property represents one of the longest continuously operating General Stores in the country. Serving as a historic and deeply loved community staple, this offering seamlessly pairs a highly profitable, turnkey enterprise with prime real estate and residential income. This complete turnkey acquisition is fully inclusive of the thriving business, the real estate, and the FF&E, with all retail inventory to be calculated separately before closing as an additional acquisition cost. The building features a fully equipped commercial kitchen and deli currently serving established breakfast and lunch crowds, with massive potential to add dinner. The retail floor is fully stocked with groceries, beverages, apparel, toys, supplies, an ATM, and curated Adirondack gifts, etc. For seasonal comfort and peace of mind, the building is equipped with hot water radiant heat, a winter woodstove, central AC, and an automatic 25KW LP backup generator to guarantee total operational security. The high-volume well features a full UV sanitation system, and the former gas pumps were properly decommissioned years ago with an official EPA letter on file. The second floor features excellent on-site residential assets, including two beautifully updated units, perfect for an owner to occupy as a primary residence with a fully floored attic for storage. These two residential apartments could generate approximately $23,000+ per year in passive revenue, making them perfect for an owner-operator or an investor seeking dual income streams. Remarkably, the store currently operates just 124 days out of the year, leaving massive room to scale. A new owner can easily expand the operational calendar, introduce a dinner menu, or capture untapped revenue from a loyal, daily local customer base. Step into a profitable, time-tested Adirondack tradition. Schedule a tour today!
Property Taxes
| Parcel Number | 522800-020-010-0001-014-000-0000 | Improvements Assessment | $234,600 |
| Land Assessment | $30,400 | Total Assessment | $265,000 |
Property Taxes
Presented by
Adirondack General Store | 899 E Shore Dr
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