2285 Saranac Avenue, Lake Placid, NY 12946 (MLS# 163790)

Description

PRICE REDUCTION! Amazing business opportunity - The Woodlake Motor Inn is located on popular Saranac Ave, a main entrance coming into and out of Lake Placid. Just steps to everything main street has to offer. Motor Inn has 23 lodging rooms, two with kitchenettes and one apartment (500 sq feet). Includes a beautiful 2500 square foot log home built in 1991 with 4 bedrooms, 2 bath (one recently refinished, one with large jet tub), stone fireplace and hardwood floors. Large .80 acre lot with 30 parking spaces. Amazing location with business income. You can live in Lake Placid in an amazing log home and create income right outside your door. Neighboring building with restaurant and 3 apts for sale by same owner... owner the strip!

Location, Tax, and Legal

Tax Annual Amount: 22683 Land Tax Annual Amount: 5107 APA: Hamlet Deed Date: 1987-04-07

General Property Information

Tax Assessed Value: 1141400 Lot Size Dimensions: .80 acre Building Area Total: 9500 Year Built: 1973 Lot Size Acres: 0.8

Status Change Information

Status Change Timestamp: 2021-10-21 Buyer Financing: Cash Concessions Amount: 5000 Major Change Timestamp: 2021-10-21T13:10:43Z Major Change Type: Status Change Under Contract Date: 2021-06-22 Close Date: 2021-10-21 Close Price: 1350000

Appliances

Electric Water Heater: 1

Basement

Unfinished: 1

Construction Materials

2x6 Walls: 1 Frame: 1 Log: 1 Wood Siding: 1

Cooling

Wall Unit(s): 1

Deed Details

Instrument: Deed Page: 14 Volume: 880

Electric

200+ Amp Service: 1

Exterior Features

Lighting: 1

Financial Details

School Taxes: 7799 Village Taxes: 9776.5

Heating

Baseboard: 1 Electric: 1

Listing Terms

Cash: 1

Lot Features

Level: 1 Many Trees: 1 Paved: 1

Parking Features

Off Street: 1 Parking Lot: 1 Private: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Special Listing Conditions

Standard: 1

Utilities

Cable Available: 1 Internet Available: 1 Sewer Connected: 1 Water Connected: 1

View

Commercial: 1 Mountain(s): 1

Tenant Pays

None: 1

Building Features

Kitchen: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1 Inventory: 1

Contract Information

Current Price: $1,350,000 Sold Price: $1,350,000 Status: Closed Listing Contract Date: 2018-08-20 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2285 Street Name: Saranac Street Suffix: Avenue County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 42.ODK-1-7.008 Zoning: Commercial Directions: Saranac Avenue across from Engel & Volkers office, east of Victor Herbert Road

Property Features

Appliances: Electric Water Heater Basement: Unfinished Building Features: Kitchen Construction Materials: 2x6 Walls; Frame; Log; Wood Siding Cooling: Wall Unit(s) Electric: 200+ Amp Service Exterior Features: Lighting Heating: Baseboard; Electric Included: Equipment; Fixtures; Furniture; Inventory Listing Terms: Cash Lot Features: Level; Many Trees; Paved Parking Features: Off Street; Parking Lot; Private Road Surface Type: Paved Roof: Composition Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Mountain(s)

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