503 Lake Ave

Situated in the heart of Saint James, NY, this vibrant area offers a prime location for Retail / Street Retail investment. With its charming downtown area, the property is surrounded by a bustling community and a robust local economy. Nearby attractions like the historic St. James General Store and the scenic walking trails of the Caleb Smith State Park Preserve provide a unique draw for visitors and residents alike. The area is also home to a variety of popular dining and shopping destinations, ensuring a steady flow of foot traffic throughout the year. This dynamic location presents an exceptional opportunity for a retail investor looking to be part of a thriving and well-established community.This property is the former home to long established Garguilo's Bakery, a staple in the town of St. James. This listing offers a rare commercial opportunity in a highly visible and well‑traveled location at the prime corner of Lake Avenue and Railroad Avenue, directly across from the train station. The site includes a 2,467 square foot main building with a full basement featuring 8-foot ceilings, plus an additional 414 square foot storage building. The main level offers 9-foot ceilings, hardwood flooring, central air conditioning, steam radiators, gas heat, and three phase electric service with four hundred amps. The lower level provides approximately 2,400 square feet of usable space, ideal for storage, prep, or operational support. The building sits on a quarter acre lot totaling 10,890 square feet and was constructed in 1963 with masonry concrete block construction, brick siding, and a flat roof. Utilities include community water and private septic. The property features one half bath, 14 on-site parking spaces, and handicap accessible elements. This location benefits from strong visibility, steady foot and vehicle traffic, and immediate access to transportation. This is an excellent opportunity for an owner user or investor seeking a well-located commercial building with existing restaurant approvals and flexible potential for redevelopment or continued commercial use.