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Adirondack Real Estate

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487 Lake Flower Avenue, Saranac Lake, NY 12983

$3,600,000
Property Type: Commercial Sale Square Footage: 35,800 Lot Size (sq. ft.): 126,324 Status: Closed
Current Price: $3,600,000 List Date: 1/03/2018 Last Modified: 9/02/2024

Description

This is a 69 unit Best Western with adjacent 85 seat restaurant called McKenzie's Grille. Site has 2.9 acres with 410 feet of excellent road frontage and great exposure. Hotel built in 1992 has 52 double queen rooms and 17 single king rooms. There is also an indoor pool, spacious lobby and conference area. 4 of the hotel units are designated as handicap. There is also on-site parking for 89 cars. All units with AC. Building is sprinklered.

More Information MLS# 161553

Location, Tax, and Legal

Tax Annual Amount: 76717 Land Tax Annual Amount: 11528 APA: Hamlet Deed Date: 2012-11-13

General Property Information

Tax Assessed Value: 2968500 Enhanced Accessible: Yes Building Area Total: 35800 Year Built: 1992 Lot Size Acres: 2.9 Waterfront YN: 1 Water Body Name: Mckenzie Slough

Status Change Information

Status Change Timestamp: 2018-07-03 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2018-07-03T20:13:53Z Major Change Type: Status Change Under Contract Date: 2018-01-26 Close Date: 2018-07-03 Close Price: 3600000

Appliances

Water Heater: 1

Construction Materials

Masonry: 1 Metal Siding: 1 Vinyl Siding: 1 Wood Siding: 1

Cooling

Wall Unit(s): 1

Deed Details

Instrument: warranty Page: 196 Volume: 1714

Documents Available

Deed: 1

Electric

Other: 1

Financial Details

School Taxes: 29780 Village Taxes: 35527

Foundation Details

Poured: 1

Frontage Type

Frontage Length: 410

Heating

Wall Furnace: 1

Listing Terms

Conventional: 1

Lot Features

Level: 1 Paved: 1 Sprinklers In Front: 1 Sprinklers In Rear: 1

Parking Features

Off Street: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Carbon Monoxide Detector(s): 1 Fire Alarm: 1 Fire Sprinkler System: 1

Special Listing Conditions

Standard: 1

Utilities

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

View

Commercial: 1 Lake: 1 Water: 1

Income and Expenses

Gross Income: 2200000 Lawn Care/Snow Removal Expense: 0

Tenant Pays

None: 1

Building Features

Swimming Pool: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $3,600,000 Original List Price: 3500000 Sold Price: $3,600,000 Status: Closed Listing Contract Date: 2018-01-03 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 487 Street Name: Lake Flower Street Suffix: Avenue County: Essex State: NY Postal Code: 12983 Subdivision Name: None MLS Area Major: Saranac Lake, Raybrook Township: N Elba School District: Saranac Lake Parcel Number: 32.263-2-6.718 Zoning: Commercial Directions: NYS Route 86 ( Lake Flower Ave.) to Saranac Lake . Located just westerly of the Dunkin Donuts restaurant and Community Bank. Best Western Mountain Lake Inn.

Property Features

Appliances: Water Heater Building Features: Swimming Pool Construction Materials: Masonry; Metal Siding; Vinyl Siding; Wood Siding Cooling: Wall Unit(s) Documents Available: Deed Electric: Other Foundation Details: Poured Heating: Wall Furnace Included: Equipment; Fixtures; Furniture Listing Terms: Conventional Lot Features: Level; Paved; Sprinklers In Front; Sprinklers In Rear Parking Features: Off Street Road Frontage Type: Public Road Surface Type: Paved Roof: Composition Security Features: Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Internet Available; Sewer Connected; Water Connected View: Commercial; Lake; Water Showing Requirements: Appointment Only; Call Listing Agent
Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.
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