• 3 days on site
  • 0 views

An extraordinary, once-in-a-generation opportunity awaits at 899 E Shore Drive, Adirondack, NY. Positioned on the highly sought-after east side of Schroon Lake, this iconic property represents one of the longest continuously operating General Stores in the country. Serving as a historic and deeply loved community staple, this offering seamlessly pairs a highly profitable, turnkey enterprise with prime real estate and residential income. This complete turnkey acquisition is fully inclusive of the thriving business, the real estate, and the FF&E, with all retail inventory to be calculated separately prior to closing as an additional acquisition cost. The building features a fully equipped commercial kitchen and deli currently serving established breakfast and lunch crowds, with massive potential to add dinner. The retail floor is fully stocked with groceries, beverages, apparel, toys, supplies, an ATM, and curated Adirondack gifts ETC. For seasonal comfort and peace of mind, the building is equipped with hot water radiant heat, a winter woodstove, central AC, and an automatic 25KW LP backup generator to guarantee total operational security. The high-volume well features a full UV sanitation system, and the former gas pumps were properly decommissioned years ago with an official EPA letter on file. The second floor features excellent on-site residential assets, including two beautifully updated units, perfect for an owner to occupy as a primary residence with a fully floored attic for storage. This residential space could generate approximately $23,000+ per year in passive revenue, making it perfect for an owner-operator or an investor seeking dual income streams. Remarkably, the store currently operates just 124 days out of the year, leaving massive room to scale. A new owner can easily expand the operational calendar, introduce a dinner menu, or capture untapped revenue from a loyal, daily local customer base. Step into a profitable, time-tested Adirondack tradition

Source: Global MLS, MLS#: 202620626

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale
  • Lot
    0.18 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Ryan O'Mara
I agree to be contacted by HUNT Real Estate Corporation via call, email, and/or text for real estate services, even if my phone number is listed on a state or national Do Not Call list. Data will not be shared with third parties for marketing or promotional purposes. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. View HUNT Real Estate ERA's privacy policy here: https://www.huntrealestate.com/Privacy-Policy

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    63
  • Population Density
    10
  • College Educated
    39%
  • Estimated Median Income
    $77,500
  • Estimated Total Home Owners
    132
  • Estimated Total Renters
  • Owner / Renter Divide
    100% / 0%
  • Estimated Average Household Size
    2
  • Total Population
    243
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.