153 State Route 28, Inlet, NY 13360 (MLS# 162470)

Description

The Tamarack Cafe is in the heart of the charming Adirondack village of Inlet, NY. This profitable business has an outstanding CAP rate of 14! The Tamarack Cafe has been thriving for decades. This property is also the home of Inlet's only miniature golf course, Putterfingers. The restaurant and mini-golf course attract visitors from surrounding communities, campgrounds and motels in an often-bustling tourism area. The offering includes a five-bedroom, 1924 square foot apartment, currently used for employee housing, that could serve as an owner's residence or one or more rental units. The restaurant has additional outdoor seating and concessions available at the mini-golf course.

Location, Tax, and Legal

Tax Annual Amount: 3543.22 Land Tax Annual Amount: 2285.22 APA: Hamlet Deed Date: 2000-01-01

General Property Information

Tax Assessed Value: 260000 Lot Size Dimensions: 66.9x249 Building Area Total: 3340 Year Built: 1950 Lot Size Acres: 0.34

Status Change Information

Status Change Timestamp: 2019-07-19 Buyer Financing: Commercial Loan Concessions Amount: 0 Major Change Timestamp: 2019-07-19T14:38:29Z Major Change Type: Status Change Under Contract Date: 2019-04-01 Close Date: 2019-07-19 Close Price: 572500

Appliances

Oil Water Heater: 1

Basement

Full: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Wall Unit(s): 1

Deed Details

Instrument: Deed Page: 592 Volume: 236

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 1258

Frontage Type

Frontage Length: 66.9

Heating

Forced Air: 1 Pellet Stove: 1 Propane: 1 Wood Stove: 1

Lot Features

Level: 1

Parking Features

Off Street: 1 On Street: 1

Road Frontage Type

Public: 1

Roof

Metal: 1

Special Listing Conditions

Standard: 1

Utilities

Internet Available: 1

View

Commercial: 1

Water Source

Well Drilled: 1

Tenant Pays

None: 1

Building Features

Kitchen: 1

Included

Equipment: 1

Unit One

Total SqFt: 1416 Unit Name: Diner

Unit Two

Total SqFt: 1924 Unit Name: Apartmen

Showing Requirements

48 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $572,500 Original List Price: 745000 Sold Price: $572,500 Status: Closed Listing Contract Date: 2018-04-30 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 153 Street Name: State Route 28 County: Hamilton State: NY Postal Code: 13360 Subdivision Name: None MLS Area Major: Old Forge, Inlet, Eagle Bay, Big Moose Township: Inlet School District: Inlet Parcel Number: 59.016-2-12.100 Zoning: Commercial Directions: From Old Forge follow Route 28 to Inlet. The Tamarack Cafe is one of the first businesses to the left as you enter the village.

Property Features

Appliances: Oil Water Heater Basement: Full Building Features: Kitchen Construction Materials: Frame; Wood Siding Cooling: Wall Unit(s) Electric: 200+ Amp Service Heating: Forced Air; Pellet Stove; Propane; Wood Stove Included: Equipment Lot Features: Level Parking Features: Off Street; On Street Road Frontage Type: Public Roof: Metal Special Listing Conditions: Standard Tenant Pays: None Utilities: Internet Available View: Commercial Water Source: Well Drilled Showing Requirements: 48 Hour Notice; Appointment Only; Call Listing Agent

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