Property Type:
Commercial Sale
Square Footage:
8,650
Lot Size (sq. ft.):
217,800
Status:
Closed
Current Price:
$1,700,000
List Date:
10/10/2022
Last Modified:
9/02/2024
Description
This waterfront cottage colony and motel has been in business for decades and has plenty of repeat clientele. The maintenance and condition is excellent. Divided into two parcels, one on each side of Route 28, the major route through the Adirondack Park, the 10 unit motel, owner's home and 1 cabin sit on the south side. On the north side are 5 more rental units and over 300' of gentle shoreline and beach on Seventh Lake. All rental units and motel are ready for year round use and all the cabins have winter rentals established. The owner's home is a ranch style home with full basement, 2 garages and sits in an area separate from the motel but close enough for attention to all details. Besides the lake and water activities, a snowmobile trail from the lake to all trails in the town of Inlet comes right next to the property which makes it desirable. The Inlet Golf Course is nearby as well as all the activities that the town has to offer; shops, dining, tennis, ball park, and playground.
