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5825 Cascade Rd, Lake Placid, NY 12946

$1,700,000
Property Type: Commercial Sale Square Footage: 8,344 Lot Size (sq. ft.): 47,916 Status: Pending
Current Price: $1,700,000 List Date: 9/25/2025 Last Modified: 3/12/2026

Description

The Carriage House Motel offers a hospitality investment opportunity in the Olympic village of Lake Placid. The property has 17 Rooms and a three-bedroom, two-bath home. Located along Route 73, just minutes from Main Street and Lake Placid's shops, dining, and Olympic venues, this well-positioned property benefits from tourism driven by outdoor recreation, international sporting events, and the natural beauty of the Adirondacks. The motel features a mix of guest rooms, each with air conditioning, WiFi, and in-room conveniences such as refrigerators and cable TV, and ample on-site parking. The Carriage House Motel combines strong location appeal with a practical lodging format that caters to budget-conscious travelers, families, and groups. Proximity to major attractions such as the Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and the High Peaks Wilderness ensures consistent demand across all four seasons. This offering presents investors with the chance to own a stable, hospitality asset in one of the Northeast's most desirable mountain resort destinations.

More Information MLS# 205889

Contract Information

Short Term Rental Options: Property is available to rent STR with local restrictions and permitting Current Price: $1,700,000 Original List Price: 1999000 List Price: $1,700,000 Status: Pending Listing Contract Date: 2025-09-22 Property Sub Type: Hotel/Motel Listing Agreement: Exclusive Right To Sell

Location, Tax, and Legal

Tax Annual Amount: 7820 Land Tax Annual Amount: 6457 Deed Date: 2022-07-22

General Property Information

Tax Assessed Value: 830000 Stories Total: 2 Building Area Total: 8344 Year Built: 1975 Parking Total: 21 Lot Size Acres: 1.1 Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2026-03-12 Major Change Timestamp: 2026-03-12T16:06:54Z Major Change Type: Status Change Price Change Timestamp: 2025-11-20T21:01:10Z Under Contract Date: 2026-03-12

Appliances

Ice Maker: 1 Washer/Dryer: 1 Water Heater: 1

Basement

Crawl Space: 1 Finished: 1 Full: 1

Construction Materials

Wood Siding: 1

Cooling

Multi Units: 1

Documents Available

Deed: 1 Survey: 1

Electric

200+ Amp Service: 1

Foundation Details

Poured: 1

Heating

Baseboard: 1 Zoned: 1

Laundry Features

In Basement: 1

Roof

Asphalt: 1

Security Features

Carbon Monoxide Detector(s): 1 Fire Alarm: 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

Structure Type

Hotel/Motel: 1 Mixed Use: 1

Utilities

Cable Connected: 1 Internet Connected: 1 Sewer Connected: 1

Water Source

Public: 1

Included

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

Location Tax and Legal

Street Number: 5825 Street Name: Cascade Rd County: Essex State: NY Postal Code: 12946 MLS Area Major: Lake Placid Parcel Number: 42.74-4-11.000 Directions: On Cascade Rd. See RE Sign

Property Features

Appliances: Ice Maker; Washer/Dryer; Water Heater Basement: Crawl Space; Finished; Full Construction Materials: Wood Siding Cooling: Multi Units Documents Available: Deed; Survey Electric: 200+ Amp Service Foundation Details: Poured Heating: Baseboard; Zoned Included: Equipment; Fixtures; Furniture; Inventory Laundry Features: In Basement Roof: Asphalt Security Features: Carbon Monoxide Detector(s); Fire Alarm; Smoke Detector(s) Sewer: Public Sewer Structure Type: Hotel/Motel; Mixed Use Utilities: Cable Connected; Internet Connected; Sewer Connected Water Source: Public

Documents

Listing Courtesy of Merrill L. Thomas, Inc.
IDX
Information deemed reliable but not guaranteed.