The Lake Street Plaza, a prominent fixture in Penn Yan, has been purchased for over $1.9 million by FLX Venture Partners, a group comprising local investors.
The sale, which was finalized with the deed recorded on January 4, marks a significant transition for the plaza, known for its historical significance and diverse tenant mix, including Lake Street Plaza Theatres and Dollar General.
The investment group, operating under the name FLX Penn Yan Plaza LLC, has yet to disclose their specific plans for the plaza.
This transaction underscores a growing trend of local investment in community development, signaling a potential revitalization for the Lake Street Plaza and its role in the Penn Yan area. The purchase price was reportedly $1.9 million.
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