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Adirondack Real Estate

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4920 New York 28, Old Forge, NY 13420

$1,642,500
Property Type: Commercial Sale Square Footage: 18,000 Lot Size (sq. ft.): 589,367 Status: Closed
Current Price: $1,642,500 List Date: 3/12/2014 Last Modified: 9/02/2024

Description

The North Woods Inn is a beautiful and successful resort complex in the heart of The Adirondack Park. 13.53 acres, 600 feet of waterfront on Fourth Lake, sweeping views of Fourth Lake in Old Forge, NY. 28 rooms: 3 cabins, 17 motel rooms and 8 rooms in the main lodge. Staff or owner/operator quarters. Large in-ground swimming pool, very profitable catering business for weddings, banquets, conferences, conference room, tavern w/ food and bar, 2 commercial kitchens, fine dining room for 80 people, huge wedding tent, large dock with new slips. Only place left for sale in the region to eat, stay, relax and entertain on the lakes. Double-digit Capitalization Rate, great return on investment!

More Information MLS# 148758

Location, Tax, and Legal

Tax Annual Amount: 25314 Land Tax Annual Amount: 15188 Deed Date: 2010-09-15

General Property Information

Tax Assessed Value: 1956800 Lot Size Dimensions: 13.53 Building Area Total: 18000 Year Built: 1970 Lot Size Acres: 13.53 Waterfront YN: 1 Water Body Name: Fourth Lake

Status Change Information

Status Change Timestamp: 2015-12-16 Buyer Financing: Other Concessions Amount: 0 Major Change Timestamp: 2015-12-16T14:02:35Z Major Change Type: Status Change Under Contract Date: 2015-10-27 Close Date: 2015-12-16 Close Price: 1642500

Appliances

Water Heater: 1

Basement

Crawl Space: 1

Construction Materials

Frame: 1 Wood Siding: 1

Cooling

Central Air: 1 Window Unit(s): 1

Deed Details

Instrument: note Page: 2 Volume: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 10125 Village Taxes: 0

Foundation Details

Pillar/Post/Pier: 1

Heating

Forced Air: 1 Oil: 1 Propane: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Boat Access: 1 Paved: 1 Sprinklers In Front: 1 Sprinklers In Rear: 1

Parking Features

Parking Lot: 1 Private: 1

Road Frontage Type

Boat Access: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Fire Alarm: 1 Fire Sprinkler System: 1

Sewer

Septic Tank: 1

Special Listing Conditions

Standard: 1

Utilities

Internet Available: 1

View

Lake: 1 Mountain(s): 1 Water: 1

Water Source

Well Drilled: 1

Income and Expenses

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

Tenant Pays

None: 1

Building Features

Swimming Pool: 1

Included

Equipment: 1 Fixtures: 1 Furniture: 1

Unit One

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Two

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Unit Three

Total SqFt: 0 Warehouse SqFt: 0 Manufacturing SqFt: 0 Office SqFt: 0 Retail SqFt: 0

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1 Restricted Hours: 1

Contract Information

Current Price: $1,642,500 Original List Price: 2499000 Sold Price: $1,642,500 Status: Closed Listing Contract Date: 2014-03-12 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 4920 Street Name: New York 28 County: Herkimer State: NY Postal Code: 13420 Subdivision Name: None MLS Area Major: Old Forge, Inlet, Eagle Bay, Big Moose Township: Webb School District: Town of Webb UFSD Parcel Number: 039.37-1-5 Zoning: Commercial Directions: Take NYS RT. 28 north past Old Forge, NY for approximately 7 miles, The North Woods Inn is on the right.

Property Features

Appliances: Water Heater Basement: Crawl Space Building Features: Swimming Pool Construction Materials: Frame; Wood Siding Cooling: Central Air; Window Unit(s) Electric: 200+ Amp Service Foundation Details: Pillar/Post/Pier Heating: Forced Air; Oil; Propane Included: Equipment; Fixtures; Furniture Listing Terms: Cash; Conventional Lot Features: Boat Access; Paved; Sprinklers In Front; Sprinklers In Rear Parking Features: Parking Lot; Private Road Frontage Type: Boat Access Road Surface Type: Paved Roof: Composition Security Features: Fire Alarm; Fire Sprinkler System Sewer: Septic Tank Special Listing Conditions: Standard Tenant Pays: None Utilities: Internet Available View: Lake; Mountain(s); Water Water Source: Well Drilled Showing Requirements: Appointment Only; Call Listing Agent; Restricted Hours
Listing Courtesy of Four Seasons Sotheby's International Realty
IDX
Information deemed reliable but not guaranteed.
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