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2795 Wilmington Rd RD Lake Placid, NY 12946
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Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Hotel-Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,138 sqft
Price per Sqft $175
MLS Listing ID 200311
Sold Date 04/19/24
Construction Status Updated/Remodeled
Year Built 1990
Annual Tax Amount $11,889
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Hotel-Motel
Source Adirondack-Champlain Valley MLS
Property Description
The Snowshoe Lodge is a turn key Business opportunity in the Village of Lake Placid. This commercial offering is situated on one acre, has mountain views, includes eleven individual rooms and a house - all of which has been recently updated. Renovations of the property include new flooring, new ceilings, new paint, new furnishings throughout, outdoor railings and siding, new kitchenettes in each room, carpeting throughout the house and window treatments. There are five different styles of rooms to be rented out; The Rustic Regular contains two full beds and accommodates up to four people; The Mini Family Suite contains one double and two twin beds and accommodates up to six people; The Efficiency Suites contain one queen bed and accommodates up to four people; the Mountain View Efficiency contains one queen bed and accommodates up to four people. Located within walking distance to town and all of the amenities that Lake Placid has to offer. Fifteen minutes to Whiteface Mountain; walk to the Lake Placid Golf Course, the Olympic Oval and Mirror Lake. This property is a great opportunity for someone looking to invest in the area.
Live in the house and rent out the additional eleven residences, or rent out the entire property. A rare offering with ample potential!
Location
State NY
County Essex
Zoning Commercial
Direction Heading out of Lake Placid to Wilmington, Snowshoe Lodge will be on your left just past traffic light that is at Sentinel.
Rooms
Basement Block, Dirt Floor, Exterior Entry, Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Heating Baseboard, Electric, Oil
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Carpet, Tile, Vinyl, Wood
Appliance Dryer, Electric Oven, Electric Range, Freezer, Microwave, Oil Water Heater, Refrigerator, Washer
Laundry Inside, Main Level, Sink, Washer Hookup
Exterior
Parking Features Additional Parking, Asphalt, On Site, Outside, Parking Lot
Utilities Available Cable Available, Electricity Connected, Internet Available, Phone Available, Sewer Connected, Water Connected
View Downtown, Mountain(s)
Roof Type Asphalt
Street Surface Asphalt,Paved
Road Frontage Public
Garage No
Building
Lot Description Cleared, Few Trees, Gentle Sloping, Landscaped, Level, Mainland Terminal, Paved, Views
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Wood Siding
New Construction No
Construction Status Updated/Remodeled
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 42.224-1-7.000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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