Adirondack Real Estate

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5017 Cascade Road, Route 73, Lake Placid, NY 12946

$850,000
Property Type: Commercial Sale Square Footage: 9,798 Lot Size (sq. ft.): 218,236 Status: Closed
Current Price: $850,000 List Date: 11/07/2024 Last Modified: 5/06/2025

Description

Make this property on 5 acres with gorgeous mountain views, whatever fulfills your dream of ownership in the Adirondacks. Currently a very popular fully operating restaurant, 11 room motel and a 3 bedroom home. Located across the street from Craig Wood Golf Course and Scott's Cobble with mountain biking and cross country trails for year round recreation at your fingertips. This property has so much potential, make it yours, make it what you want it to be. Call today to schedule a tour of the property!

More Information MLS# 177961

Location, Tax, and Legal

Tax Annual Amount: 11747.5 Land Tax Annual Amount: 8036.32 APA: Resource Management Deed Date: 2015-04-10

General Property Information

Tax Assessed Value: 666000 Enhanced Accessible: Yes Building Area Total: 9798 Year Built: 1952 Lot Size Acres: 5.01 Water Body Name: None Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2025-05-06 Concessions: No Buyer Financing: Seller Financing Concessions Amount: 0 Major Change Timestamp: 2025-05-06T15:02:39Z Major Change Type: Status Change Price Change Timestamp: 2024-11-07T16:39:00Z Under Contract Date: 2025-01-10 Close Date: 2025-05-06 Close Price: 850000

Accessibility Features

Accessible Approach with Ramp: 1

Appliances

Oil Water Heater: 1 Water Heater: 1

Basement

Full: 1 Unfinished: 1

Construction Materials

Asphalt: 1 Frame: 1 Wood Siding: 1

Cooling

Wall Unit(s): 1

Deed Details

Instrument: Deed Page: 33 Volume: 1798

Documents Available

Deed: 1 Survey: 1

Electric

200+ Amp Service: 1

Financial Details

School Taxes: 3711.21 Village Taxes: 0

Foundation Details

Block: 1 Stone: 1

Heating

Electric: 1 Oil: 1 Propane: 1 Other: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Paved: 1

Parking Features

Off Street: 1 Parking Lot: 1

Road Frontage Type

Public: 1

Road Surface Type

Paved: 1

Roof

Metal: 1

Sewer

Septic Tank: 1

Special Listing Conditions

Standard: 1

Utilities

Internet Available: 1

View

Golf Course: 1 Mountain(s): 1 Trees/Woods: 1

Water Source

Private: 1 Shared Well: 1

Tenant Pays

None: 1

Included

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

Unit One

Total SqFt: 4708 Unit Name: Motel Year Built: 1980

Unit Two

Total SqFt: 3890 Unit Name: Rest Year Built: 1980

Unit Three

Total SqFt: 1200 Unit Name: 3BR home Year Built: 1980

Showing Requirements

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

Contract Information

Current Price: $850,000 Original List Price: 895000 Sold Price: $850,000 Status: Closed Listing Contract Date: 2023-01-18 Property Sub Type: Business Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 5017 Street Name: Cascade Road, Route 73 County: Essex State: NY Postal Code: 12946 Subdivision Name: None MLS Area Major: Lake Placid Township: N Elba School District: Lake Placid Parcel Number: 52.1-2-1.000 Zoning: Mixed Directions: From Lake Placid, take Route 73 toward Keene. Property is on the right, directly across from Craig Wood Golf Course.

Property Features

Accessibility Features: Accessible Approach with Ramp Appliances: Oil Water Heater; Water Heater Basement: Full; Unfinished Construction Materials: Asphalt; Frame; Wood Siding Cooling: Wall Unit(s) Documents Available: Deed; Survey Electric: 200+ Amp Service Foundation Details: Block; Stone Heating: Electric; Oil; Propane; Other Included: Equipment; Fixtures; Furniture; Inventory Listing Terms: Cash; Conventional Lot Features: Paved Parking Features: Off Street; Parking Lot Road Frontage Type: Public Road Surface Type: Paved Roof: Metal Sewer: Septic Tank Special Listing Conditions: Standard Tenant Pays: None Utilities: Internet Available View: Golf Course; Mountain(s); Trees/Woods Water Source: Private; Shared Well Showing Requirements: 48 Hour Notice; Appointment Only; Call Listing Agent

Documents

Listing Courtesy of Engel & Volkers Lake Placid Real Estate
IDX
Broker Attribution: colleen.holmes@evrealestate.com

Information deemed reliable but not guaranteed.