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2795 Wilmington Rd Road, Lake Placid, NY 12946

$1,425,000
Property Type: Commercial Sale Square Footage: 8,138 Lot Size (sq. ft.): 43,560 Status: Closed
Current Price: $1,425,000 List Date: 8/22/2023 Last Modified: 9/02/2024

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!

More Information MLS# 200311

Location, Tax, and Legal

Tax Annual Amount: 11889 Land Tax Annual Amount: 3156.71 Deed Date: 2020-12-17

General Property Information

Tax Assessed Value: 814500 Stories Total: 2 Building Area Total: 8138 Year Built: 1990 Open Parking YN: 1 Lot Size Acres: 1

Status Change Information

Status Change Timestamp: 2024-04-19 Buyer Financing: Commercial Loan Major Change Timestamp: 2024-04-19T15:00:59Z Major Change Type: Status Change Under Contract Date: 2024-01-05 Close Date: 2024-04-19 Close Price: 1425000

Appliances

Dryer: 1 Electric Oven: 1 Electric Range: 1 Freezer: 1 Microwave: 1 Oil Water Heater: 1 Refrigerator: 1 Washer: 1

Basement

Block: 1 Dirt Floor: 1 Exterior Entry: 1 Full: 1 Unfinished: 1

Construction Materials

Wood Siding: 1

Cooling

Ceiling Fan(s): 1 Window Unit(s): 1

Deed Details

Instrument: Deed Page: 227 Volume: 2027

Documents Available

Deed: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 4810.25 School Taxes Description: Estimated Village Taxes: 3922.2 Village Taxes Description: Estimated

Flooring

Carpet: 1 Tile: 1 Vinyl: 1 Wood: 1

Foundation Details

Block: 1

Frontage Type

Commercial: 1

Heating

Baseboard: 1 Electric: 1 Oil: 1

Interior Features

Ceiling Fan(s): 1

Laundry Features

Inside: 1 Main Level: 1 Sink: 1 Washer Hookup: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Lot Features

Cleared: 1 Few Trees: 1 Gentle Sloping: 1 Landscaped: 1 Level: 1 Mainland Terminal: 1 Paved: 1 Views: 1

Parking Features

Additional Parking: 1 Asphalt: 1 On Site: 1 Outside: 1 Parking Lot: 1

Property Condition

Updated/Remodeled: 1

Road Frontage Type

Public: 1

Road Surface Type

Asphalt: 1 Paved: 1

Roof

Asphalt: 1

Sewer

Public Sewer: 1

Structure Type

Hotel/Motel: 1 House: 1

Utilities

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

View

Downtown: 1 Mountain(s): 1

Water Source

Public: 1

Building Features

Commercial/Residential: 1 Hotel/Motel: 1 Swimming Pool: 1

Included

Fixtures: 1 Furniture: 1

Showing Requirements

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

Contract Information

Current Price: $1,425,000 Original List Price: 1750000 Sold Price: $1,425,000 Status: Closed Listing Contract Date: 2023-08-21 Property Sub Type: Hotel/Motel Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 2795 Street Name: Wilmington Rd Street Suffix: Road County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: Essex School District: Lake Placid Parcel Number: 42.224-1-7.000 Zoning: Commercial Directions: Heading out of Lake Placid to Wilmington, Snowshoe Lodge will be on your left just past traffic light that is at Sentinel.

Property Features

Appliances: Dryer; Electric Oven; Electric Range; Freezer; Microwave; Oil Water Heater; Refrigerator; Washer Basement: Block; Dirt Floor; Exterior Entry; Full; Unfinished Building Features: Commercial/Residential; Hotel/Motel; Swimming Pool Construction Materials: Wood Siding Cooling: Ceiling Fan(s); Window Unit(s) Documents Available: Deed Electric: 200+ Amp Service Flooring: Carpet; Tile; Vinyl; Wood Foundation Details: Block Frontage Type: Commercial Heating: Baseboard; Electric; Oil Included: Fixtures; Furniture Interior Features: Ceiling Fan(s) Laundry Features: Inside; Main Level; Sink; Washer Hookup Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Cleared; Few Trees; Gentle Sloping; Landscaped; Level; Mainland Terminal; Paved; Views Parking Features: Additional Parking; Asphalt; On Site; Outside; Parking Lot Property Condition: Updated/Remodeled Road Frontage Type: Public Road Surface Type: Asphalt; Paved Roof: Asphalt Sewer: Public Sewer Structure Type: Hotel/Motel; House Utilities: Cable Available; Electricity Connected; Internet Available; Phone Available; Sewer Connected; Water Connected View: Downtown; Mountain(s) Water Source: Public Showing Requirements: 48 Hour Notice; Appointment Only; Call Listing Agent
Listing Courtesy of Engel & Volkers Lake Placid Real Estate
IDX
Broker Attribution: colleen.holmes@evrealestate.com

Information deemed reliable but not guaranteed.