429 Canada St

5,630 SF Retail Building Lake George, NY 12845 $1,925,000 ($342/SF)

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,630 SF
Building Class
C
Year Built
1950
Price
$1,925,000
Price Per SF
$342
Tenancy
Single
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.41 AC
Zoning
COM 1 - COM 1; 421 - Restaurant
Parking
16 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
41 FT on Canada St

AMENITIES

  • Bus Line
  • Fireplace
  • Pylon Sign
  • Signage
  • Accent Lighting
  • Storage Space
  • Air Conditioning
  • Balcony

ABOUT 429 CANADA ST , LAKE GEORGE, NY 12845

Seize the rare opportunity to own a legendary restaurant with a remarkable 70-year history of continuous family ownership in Lake George, New York. This free-standing property boasts a stunning main dining room, a terrace dining area, a cozy bar, and a state-of-the-art kitchen equipped with impeccably maintained stainless-steel appliances. Mario’s is a cherished icon, adored by locals and visitors year-round. Situated on a spacious .41-acre lot, the property includes ample parking, a full dry basement with extensive storage, refrigeration, and an on-site commercial laundry facility for linens and uniforms. Additionally, the second floor features a spacious three-bedroom owner’s apartment and office, offering both convenience and comfort. With a solid track record of success and impressive financials, Mario’s still holds untapped potential. A fresh approach to the menu and décor could elevate this already thriving business to new heights. The retiring owners have lovingly operated this iconic restaurant for generations, making this an exceptional opportunity to carry on their legacy and bring your vision to life.

PROPERTY TAXES

  • Listing ID: 34663132

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 429 Canada St, Lake George, NY 12845