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REAL ESTATE AUCTION
Commercial Property in Village of Lake Placid
821 Mirror Lake Drive, V/Lake Placid,
Essex County, NY 12946
Click here for:
Internet Bidding Packet
Property Information Packet
Minimum Opening Bid $900,000!
Recent appraisal valued at $1,175,000
Property Description: Great Investment Opportunity! Ideal
Village location across the street from Mirror Lake. Lake Placid is
a vibrant village in the High Peaks District of the Adirondack
Mountains and home of the 1980 and 1932 winter Olympics filled with
activities all year round. The area is convenient to shopping,
restaurants, public transportation, recreation and travel routes.
To be sold by Court Order. Commercial building with 27,814+/- square
feet. Main floor having 6,961 square feet with 5 offices, three
classrooms, conference room, dining hall and kitchen facility.
Second floor has 5,700 square feet with two apartments having
kitchen/living areas with bedroom and bath, one being larger and
remaining space with nine uniform bedroom suites with each having
a bath. The third floor has also 5,700 square feet with two
apartments and nine bedroom suites having bath but one which is
larger. The apartments and bedroom suites on this floor also have
loft accessed via small circular stairs with 2,280 additional square
feet. The basement level is 7,173 square feet with 75% finished
excluding mechanicals and workshop space. Basement has four more
classrooms, lab/science classroom, six offices, locker/equipment
rooms, fitness room, sauna and center hall rec hall and one office
used for storage. Concrete and block foundation. Building is heated
with forced air and electric baseboard. Two primary staircases at
either end of building and an elevator system.
174+/- feet on Mirror Lake Drive
and 117+/- feet on Parkside Drive. Street side and off-street
parking available. ID# 154001 S-B-L 42.207-7-2.000
Turn into offices and apartments,
senior housing, hotel, endless possibilities!
Opportunity like this rarely comes to market. Act now! 10% Buyer’s
Premium.
PRE-VIEW: Contact
Listing Agent,
Philip Gableman 845-377-5063
Online
Auction Ending
Wednesday, March 9 @ 1:01PM
Bidding Opens Monday, March 7 @ 10AM
(Bidders must be fully registered & approved by office)
Property to be sold with Insurable Title – Free
of Adverse Liens or Encumbrances at closing.
Ready, Get Set, BID! To prepare for the online only auction view
photos online, review Property Information (see link above), line up
financing and view parcel.
ANNOTATED TERMS OF AUCTION: We have been
contracted to sell this property at Public Auction. Get a Username &
Password at AARbids.com, register for the Online-only Auction and
bring/mail our ‘Internet Bidding Packet’ containing the ‘Terms and
Conditions’ and a $25,000 Guaranteed Funds/Bank check payable to:
Absolute Auctions & Realty, Inc. Mail to: AAR, POB
1739, Pleasant Valley, NY 12569 – no exceptions, and you can
participate. Complete your due diligence prior to bidding. If
successful, an electronic “Contract for Purchase and Sale NY Real
Estate” will be sent to you, sign contract, return and close
transaction on or before April 1, 2016. Time is of the essence.
Deposit will be refunded to unsuccessful bidders.
Additional Terms: By Thursday, March 10, 2016 @ 4PM by wire
transfer or delivered guaranteed funds, the Buyer's Premium to be
brought up to 10% of the total bid ($25,000 deposit and the
remainder of the Buyer's Premium). Title & Liens: Property is sold
with insurable title, free and clear of adverse liens or
encumbrances at closing. Broker Participation: Call for
details.
Remember, the auction is the
only game
where you need to come in last to win!
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