$1,205,000
Lake George Village, NY 12845
MLS# 202510862
Status: Closed
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Property Description
This excellent investment property in the very heart of Lake George, is available for the first time in nearly 50 years. The parcel, located at the intersection of Amherst and Ottawa Streets, is the long- term home of Price Chopper. The tenant corporation has an extended lease agreement that insures their option for this location for up to 17 years with escalations for each renewal. This operation is not only a cornerstone to Lake George Village but the location just one block off Canada St couldn't be more prime. The building has a new roof with a 10-year warranty and maintenance of the property is the tenant's responsibility. At this price, this offering is a long-term money maker for the savvy investor!
Details
Maps
Documents
Contract Information
Original List Price: 1475000
Lease Considered: No
List Price/Acres: 2681818.18
Sold Price/Acres: 2190909.09
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $1,205,000
Listing Contract Date: 2025-01-17
Current Price: $1,205,000
Location
City/Town (Mail): Lake George
Cross Street: Amherst
Street Name: Ottawa
Street Suffix: Street
County: Warren
State/Province: NY
Postal Code: 12845
Geo Lat: 43.425769
Geo Lon: -73.712379
Property Detail
Business Name: 23,958
Lot Size Square Feet: 21004.4
Zoning: Commercial
Lot Size Dimensions: 150 x 160
Lot Size Acres: 0.55
Year Built: 1955
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 522201 251.14-3-12
Tax Annual Amount: 8986
Tax Section: 251.14
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 12.000
Directions & Remarks
Directions: Corner of Ottawa & Amherst in the Village of Lake George.
Using GPS to find location?
Enter: 49 Amherst Street, Lake George.
Public Remarks: This excellent investment property in the very heart of Lake George, is available for the first time in nearly 50 years. The parcel, located at the intersection of Amherst and Ottawa Streets, is the long- term home of Price Chopper. The tenant corporation has an extended lease agreement that insures their option for this location for up to 17 years with escalations for each renewal. This operation is not only a cornerstone to Lake George Village but the location just one block off Canada St couldn't be more prime. The building has a new roof with a 10-year warranty and maintenance of the property is the tenant's responsibility. At this price, this offering is a long-term money maker for the savvy investor!
Sewer
Public Sewer: 1
Association Amenities
None: 1
Current Use
Retail: 1
Architectural Style
Commercial: 1
Grocery: 1
Mixed Use: 1
Electric
Three Phase: 1
Cooling
Central Air: 1
Listing Terms
Other: 1
Lot Features
Corner Lot: 1
Road Frontage: 1
Construction Materials
Block: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Business Type
Grocery: 1
Exterior Features
None: 1
Showing Requirements
24 Hour Notice: 1
Roof
Rubber: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Parking Features
Parking Total: 30
Off Street: 1
Paved: 1
Private: 1
Possible Use
Other: 1
Sale Includes
Building & Land: 1
Tenant Pays
Central Air: 1
Electricity: 1
Gas: 1
Grounds Care: 1
Heat: 1
Internet: 1
Sewer: 1
Snow Removal: 1
Telephone: 1
Trash Collection: 1
Water: 1
Status Change Info
Status Change Date: 2025-04-07
Under Contract Date: 2025-02-03
Sold Date: 2025-04-03
Sold Price: $1,205,000
Property Features
Architectural Style: Commercial; Grocery; Mixed Use
Association Amenities: None
Construction Materials: Block
Cooling: Central Air
Current Use: Retail
Business Type: Grocery
Electric: Three Phase
Exterior Features: None
Heating: Forced Air; Natural Gas
Listing Terms: Other
Lot Features: Corner Lot; Road Frontage
Parking Features: Off Street; Paved; Private
Possession: At Closing
Possible Use: Other
Roof: Rubber
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice
Tenant Pays: Central Air; Electricity; Gas; Grounds Care; Heat; Internet; Sewer; Snow Removal; Telephone; Trash Collection; Water
Water Source: Public
Deed 
Listing Courtesy of Berkshire Hathaway HomeServices Blake, REALTORS
Listing Agent: Jeffrey P York
518-796-9814 | jeffandpamyork@gmail.com
518-796-9814 | jeffandpamyork@gmail.com