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Paradox Waterfront

$ 1,395,000
2169 Saranac Avenue,
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Brooks H. Reynolds

Phone:(518) 418-7747
Email:brooks@adirondackbroker.com

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Property Description

Exceptional Opportunity! 1st Time all 4 Buildings on this .68 acre commercially zoned multi use parcel have been offered together. THE LAST MULTI UNIT ON LAKE PLACID LAKE! 32′ of frontage directly on Paradox Bay, a view of Whiteface Mountain from the water’s edge, 3 charming historical residences and an oversized storage shed. Incredible location on one of the main roads leading into Lake Placid promises a commercial investor prime exposure with potential as retail/office/lodging/corporate retreat/wedding venue. For the family looking to capture a generational compound on the water, the grassy, level back yard at the water’s edge is private and quiet. DEC dredging permit in place and transferrable to allow for a dock and deep water slip for exploring all of Lake Placid Lake. Paradox Lodge, once a well-established intimate restaurant and B&B,  is 2200SF 4BR 4.5BA with a wrap-around porch, parlor, commercial kitchen and dining room in place. Cedar Lodge is 1700SF 4BR 4BA with oversized ensuite baths and custom woodwork, currently operated as an AirBnB with rooms rented individually. There is no kitchen in Cedar, since tenants would dine at Paradox next door.  Highlights include an attached garage, oversized foyer and separate laundry. The owner’s cottage is 1100 SF, w 1BR 1BA and a kitchenette. The 4th structure is a shed with potential for conversion to a garage and/or liveable space. Ample Parking with a horseshoe driveway for easy ingress and egress.

Address: 2169 Saranac Avenue
State/County:
Zip: 12946
Country: United States
Property Id: 20641
Price: $ 1,395,000
Sq. Footage: 5,012 ft2
Bedrooms: 9
Bathrooms: 9.5
MLS #: 172875
Type: Mixed Use
Year Built: 1890
Views: Lake and Mountain
Acreage: 0.68
Furnished: Unfurnished
Heat: Electric. Propane Freestanding Woodstoves
Attached Garage : 1 Bay
Detached Garage: None
School District: Lake Placid
Septic/Sewer: Public
Water Source: Public
Water Heater: Electric
Zoning: Mixed Use
Exterior: Wood
Roof: Metal and Asphalt
Units: 4
4 season
Back yard
Canoeing/Kayaking/Sup access
Carbon Monoxide Detector
Clothes Dryer
Clothes Washer
Commercial - 3 unit
Commercial - parking
Covered Porch
Deck
Dishwasher
Extra refrigerator
Fenced yard
Frame Construction
High speed internet
Ironman loop
Lake and mountain view
Lake view
Mountain biking access
Multiple dishwashers
Multiple fireplaces
Original charm
Original hardwood floors
Refrigerator
Storage shed
Trees
Unfinished basement
Washer and dryer
Year round access

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