129 Franklin Ave
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129 Franklin Ave
15,000 SF Speciality Building Offered at £1,017,507 in Saranac Lake, NY 12983
Investment Highlights
- Abundance of natural lighting.
- Surrounded by scenic greenery.
- Beautiful hardwood floors.
Executive Summary
Once in a lifetime opportunity to own one of the premier buildings in Saranac Lake! The Prescott House ADK is a very well maintained, one-of-a-kind, historic building on a large 2.30-acre lot. 19 guest rooms, 4 with private baths, 15 with access to shared baths and two 2BR long-term units with their own baths and kitchens. With a stately, welcoming appeal it has a stellar, high-rated track record as a short-term rental destination. Also perfect for wedding parties, family reunions, hiking trips through the area and so many other opportunities. Huge potential for growth and expansion to larger events with the added advantage of being directly in the heart of Saranac Lake. Located just a few quick blocks from Lake Flower, Moody Pond, Mt. Baker, Main ST, Broadway, several Cafe's, Pubs, Unique Shops, Museums, the Adirondack Carousel, Music in the Parks, and Saturday Farmers Market! Sold turnkey with some items negotiable.
Property Facts
| Price | £1,017,507 | Building Class | B |
| Price Per SF | £68 | Lot Size | 2.30 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Sale Conditions | 1031 Exchange | Number of Floors | 3 |
| Property Type | Speciality | Year Built | 1905 |
| Property Subtype | Residential Income |
| Price | £1,017,507 |
| Price Per SF | £68 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| Property Type | Speciality |
| Property Subtype | Residential Income |
| Building Class | B |
| Lot Size | 2.30 AC |
| Building Size | 15,000 SF |
| Number of Floors | 3 |
| Year Built | 1905 |
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 154003-032-182-0001-019-000-0000 | Improvements Assessment | £380,370 |
| Land Assessment | £161,986 | Total Assessment | £542,357 |
PROPERTY TAXES
Parcel Number
154003-032-182-0001-019-000-0000
Land Assessment
£161,986
Improvements Assessment
£380,370
Total Assessment
£542,357
zoning
| Zoning Code | 07 (Mixed) |
| 07 (Mixed) |
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129 Franklin Ave
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