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MLS#205889

5825 Cascade Rd , Lake Placid

$1,999,000
1.10 ac
The Carriage House Motel offers a hospitality investment opportunity in the Olympic village of Lake Placid. The property has 17 Rooms and a three-bedroom, two-bath home. Located along Route 73, just minutes from Main Street and Lake Placid's shops, dining, and Olympic venues, this well-positioned property benefits from tourism driven by outdoor recreation, international sporting events, and the natural beauty of the Adirondacks.The motel features a mix of guest rooms, each with air conditioning, WiFi, and in-room conveniences such as refrigerators and cable TV, and ample on-site parking.The Carriage House Motel combines strong location appeal with a practical lodging format that caters to budget-conscious travelers, families, and groups. Proximity to major attractions such as the Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and the High Peaks Wilderness ensures consistent demand across all four seasons.This offering presents investors with the chance to own a stable, hospitality asset in one of the Northeast's most desirable mountain resort destinations.
Listing courtesy of Merrill L. Thomas, Inc.

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Property Information

Price:
$1,999,0001999000
MLS#:
205889
Type:
Commercial
Area: Lake Placid, New York
Acres:
1.10
Tax Map:
42.74-4-11.000
Total Taxes:
$16,600
Year Built:
1975