1385 County Route 29, Olmstedville, NY 12857 (MLS # 202428720)
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Seller financing is available. Attention all restauranteurs & investors! Multi-use commercial property in the heart of the Adirondacks just 8 min to Gore Mountain! This property is perfect for a chef that wants to open a restaurant & have a place to live. There are 2 apts & 1 restaurant. Apt 1 downstairs 1BR/1BA is rented paying $500 /m (could be $650) which includes Internet & water & tenant pays electric. Apt 2 upstairs 3BR/1BA currently an Airbnb. Projected monthly rent for a full-time tenant is $1200/month. Airbnb rate is $225 /night & is busy weekends in the summer & winter due to proximity to skiing, lakes & hiking. The restaurant incl a live edge bar & wraparound porch and is 30x50/1500 sf and is turnkey including plates, appliances, and everything you need to get started.
| DAYS ON MARKET | 1 | LAST UPDATED | 11/6/2024 |
|---|---|---|---|
| YEAR BUILT | 1935 | COUNTY | Essex |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Minerva Central |
|---|---|
| High School | Minerva Central |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| BASEMENT | Full, Yes |
| CONSTRUCTION | Vinyl Siding |
| EXTERIOR | None |
| HEAT | Forced Air, Oil |
| LOT | 8712 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Off Street |
| SEWER | Septic Tank |
| STYLE | Traditional |
| TAXES | 1129.46 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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