Iconic Mixed-Use Property in Saranac Lake. Located in the heart $699,000

Lot For Sale

Iconic Mixed-Use Property in Saranac Lake. Located in the heart of Downtown Saranac Lake, this mixed-use building offers charm, functionality, and prime riverfront appeal. Ideally located on Broadway with a European-style ambiance along the Saranac River, the property blends long-term commercial stability with flexible residential options including owner occupied living. The property features four commercial storefronts anchored by long-term tenants including the Leftbank Cafe (10 years), Anne's Crepes (15 years), and the Twin Crystal Rock Shop (12 years). One storefront is currently available; perfect for your next business or a fresh addition to the downtown scene. There are three residential apartments including a spacious 1,742 sq ft, 4-bedroom, 3-bath apartment, ideal as an owner's unit or premium rental, and two 650 sq ft apartments, great for rental income or seasonal use. The rental units have each have their own individual and shared outdoor living and entertaining spaces including a deck with and outdoor bar, perfect for summer gatherings. There is also a covered balcony with views of the Saranac River. The lower balcony overlooking the river provides seating for Leftbank Cafe patrons and enhances the building's unique charm and appeal. There is an expansive basement which includes garage parking or winter storage for vehicles/boats; an invaluable asset in the Adirondacks. A handy workshop in the basement offers the convenience to perform any on site repairs. 36 Broadway is a fantastic location nestled in downtown Saranac Lake, steps from, shops, art galleries, and the scenic riverwalk. Its also just blocks from the future new home of Pendragon Theater, adding even more cultural vibrancy to the area. With a rich blend of established commercial tenants, flexible living spaces, and unbeatable location, this Broadway gem is a great find for investors or live/work buyers seeking a property with character, income potential and scenic charm.