5828 Cascade RD Lake Placid, NY 12946
47,568 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 47,568 sqft
Price per Sqft $99
MLS Listing ID 208698
Year Built 1978
Annual Tax Amount $22,371
Lot Size 1.510 Acres
Acres 1.51
Property Sub-Type Hotel/Motel
Source Adirondack-Champlain Valley MLS
Property Description
The hotel features an indoor swimming pool, hot tub and ample on-site parking. Currently operating as a lodging establishment, the property presents an opportunity for an investor or experienced hospitality operator to build upon the existing business through renovations, improvements, and repositioning.
Lake Placid continues to attract visitors for its Olympic heritage, outdoor recreation, sporting events, skiing, hiking, and year-round tourism. With its established location and proximity to major attractions, this property offers significant potential for a buyer seeking a hospitality investment in the Adirondack region. An opportunity to bring new vision and improvements to an established Lake Placid lodging property.
Location
State NY
County Essex
Zoning Commercial
Direction From the Village of Lake Placid, take NYS Route 73 (Cascade Road) . Continue approximately 1.5 miles. The Rodeway Inn will be on your left
Rooms
Basement Finished
Interior
Heating Baseboard, Electric
Cooling Multi Units
Flooring Carpet, Tile
Inclusions Inventory, Fixtures, Equipment, Furniture
Laundry In Basement
Exterior
Parking Features Guest, Parking Lot, Paved
Utilities Available Cable Connected, Internet Connected
View Commercial
Roof Type Asphalt,Metal
Street Surface Paved
Road Frontage Highway
Garage No
Building
Foundation Poured
Sewer Private Sewer, Public Sewer
Water Public
Structure Type Wood Siding
Others
Senior Community No
Tax ID 42.66-8-8.000
Security Features Fire Sprinkler System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional