5239 NY-86
Commercial $ 2,649,000

5239 NY-86

Wilmington, NY 12997

  • 21,000 SqFt
  • 9.1 Lot Size
  • 1972 Year Built
Set on 9.1 scenic acres with approximately 1,300 feet of frontage on the legendary West Branch of the Ausable River, The Hungry Trout Resort offers a rare blend of lodging, dining, and outdoor recreation, just one mile from Whiteface Mountain Ski Area. The 20-unit motel features a mix of queen, king, and suites, each with convenient drive-up exterior entry. Guests enjoy a 40,000-gallon swimming pool with a new pump and chlorine system, smaller pool, an outdoor play set, and an open large field that gives groups plenty of room to spread out and enjoy the surrounding area adjacent to the restaurants. This offering includes two distinct restaurant spaces, plus indoor and outdoor seating. The lower-level restaurant area has been fully remodeled, the upstairs dining room now has new mini-split heating and cooling, and the kitchens have been upgraded with new restaurant equipment and an updated air exchange system. A fully equipped fly shop with guide service rounds out the offering, putting world-class trout fishing right outside the door. The spacious separate residence includes a private fenced-in yard and a new refinished basement apartment, ideal for added flexibility. Additional updates made by the current owner include - new roofs that have been installed on two of the motel buildings, new roof on the restaurant building, a new roof on the separate home, and a new septic system with a high-end Fuji system serving the restaurants. With decades of history in the area and a following of skiers, anglers, and Adirondack travelers, this turnkey property is being sold with all furniture, fixtures, and equipment included. This offering includes tax map parcel 26.3-1-4. Bring your vision and set up a showing today!
Listed by Blythe Niles-Linster of Engel & Volkers Lake Placid Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Hotel/Motel

    Listing Status Active

    Purchase Type For Sale

    Square Footage 21, 000 sqft

    Price per Sqft $126

    MLS Listing ID 208669

    Year Built 1972

    Annual Tax Amount $26,546

    Lot Size 9.100 Acres

    Acres 9.1

    Property Sub-Type Hotel/Motel

    Source Adirondack-Champlain Valley MLS

  • Location

    State NY

    County Essex

    Direction From Lake Placid - Take NYS Route 86 towards Wilmington - Look for sign of Hungry Trout Resort across from Fox Farm Rd.

  • Building

    Water Public

  • Exterior

    View Mountain(s), Pool, Water

    Roof Type Asphalt

    Street Surface Paved

  • Others

    Senior Community No

    Tax ID 26.3-1-5.000

    Acceptable Financing 1031 Exchange, Cash, Conventional

    Listing Terms 1031 Exchange, Cash, Conventional

CONTACT

Blythe Niles-Linster
Blythe Niles-Linster

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