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For Sale

$225,000

3rd Helms - Mueller Rd
Lake Clear, NY 12945

Sqft 6,000 sqft
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. Read More

Market Status
Available
Last Updated
May 11, 2022

Property Type
Commercial Property
Year Built
1988
Handicapped Access
-
Roof
Metal
Exterior Construction
Metal
Taxes
3462
Property Type
Commercial; Commercial
Mountain View
-

Local Market Conditions

There are currently 170 properties for sale in the Franklin County, NY area with the average listing price of $349,359. This represents an increase of +0.8% over the previous week. The 4 bedroom homes saw the largest increase in the average listing price over the previous week with a +9.8% increase. To learn more about the Franklin County, NY area, contact a local expert!

Market Snapshot for Franklin County, NY

Avg. Listing Price

$349,359

Wk ending May 14

$+2,798

+0.8%

w-o-w

170

25

15

10

5

Average Listing Price for Franklin County, NY
No. BedroomsNo. Beds Week Ending
(May 14)
w-o-w Week Ending
(May 7)
Week Ending
(Apr 30)
Week Ending
(Apr 23)
All PropertiesAll $349,359 +0.8% $346,561 $335,237 $317,460
1 bedroom1 BR $127,762 -9.4% $141,029 $141,029 $137,740
2 bedrooms2 BR $248,362 -2.9% $255,843 $245,387 $243,060
3 bedrooms3 BR $303,359 -0.7% $305,395 $303,175 $311,780
4 bedrooms4 BR $340,737 +9.8% $310,217 $286,195 $290,410

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Listing Provided By:

Robert Martin

Select Sotheby's International Realty- Lake Placid

Phone
This $225,000 Commercial Property at 3rd Helms - Mueller Rd in Lake Clear, NY is offered by Robert Martin. This $225,000 Commercial Property, located in the 12945 zip code, has the following property features: Exterior Construction, Taxes, Handicapped Access, Mountain View. This 3rd Helms - Mueller Rd Commercial Property is listed under MLS listing number 172752 and has a listing price of $225,000. You can find more Lake Clear homes for sale here.

Copyright © 2022 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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