MLS#208698

5828 Cascade Road

$4,750,000

1.51 acres

Excellent Commercial Investment Opportunity in Lake Placid! Located along the highly traveled Route 73 corridor, the Rodeway Inn offers an opportunity to acquire an established 61-room hotel in one of the Adirondacks' premier four-season resort destinations. Also on the property are two apartments. Situated on 1.51 acres, the property enjoys convenient access to downtown Lake Placid, Mirror Lake, the Olympic Ski Jumping Complex, Whiteface Mountain, and numerous year-round recreational attractions. 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.

Request More Info

Listing courtesy of Merrill L. Thomas, Inc.