$195,000
$225,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
3rd Helms - Mueller RD Lake Clear, NY 12945
6,000 SqFt
Key Details
Sold Price $195,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $32
MLS Listing ID 172752
Sold Date 09/07/22
Originating Board Adirondack-Champlain Valley MLS
Year Built 1988
Annual Tax Amount $3,462
Lot Size 435 Sqft
Acres 0.01
Lot Dimensions 120 x 166.92
Property Sub-Type Business
Property Description
This is an airplane/ helicopter hangar at the Adirondack Regional Airport. For sale is a Lease-Hold Interest with Sub-Lease. The hangar is currently sub-leased to the NYS Police. The seller owns the building and leases the land it sits on from the Town of Harrietstown. The NYS Police lease was just renewed for 10 years and runs through 10/31/2029. Income is fixed at $40,343 per year through lease duration.. Maintenance expenses are the 4 year average through 2020. 2019 expenses were higher than usual due to having to replace both roofs in 2019. Unique terms exist for as long as the NYS Troopers remain as tenant. Extraordinary assumptions apply. Call listing agent for details. Hanger door clearance 18'6". I think it's worth noting that the owners are completely uninvolved. The maintenance figure could be considerably lowered if the more routine projects were to be done by the owner.
Location
State NY
County Franklin
Zoning Commercial
Direction From Saranac Lake take NYS Rt 86 north. Go left onto Rt 186 toward the Adirondack Regional Airport. Just before the airport bear right onto Helms - Mueller Rd. Follow the access road bearing left behind the Life Flight building. Subject is the second hanger. It's the only one with an exterior office.
Body of Water None
Rooms
Basement None
Interior
Heating Forced Air, Propane
Cooling None
Appliance Water Heater
Exterior
Exterior Feature Lighting
Parking Features Private
Utilities Available Internet Available, Water Connected, Propane
View Commercial, Mountain(s)
Roof Type Metal
Street Surface Paved
Road Frontage State Road
Building
Lot Description Level, Paved, Private, Sprinklers In Front, Sprinklers In Rear
Foundation Slab
Sewer Septic Tank
Structure Type Metal Siding
Schools
School District Saranac Lake
Others
Senior Community No
Tax ID 423.-1-41./2
Security Features Fire Sprinkler System
Acceptable Financing Cash, Lease Purchase
Listing Terms Cash, Lease Purchase
Special Listing Condition Standard
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