12 McGillis Ave - Hospitality FOR SALE


Lake George, NY 12845
$1,950,000 USD
617-610-7774
12 McGillis Ave, Lake George, NY for Sale
$1,950,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

12 McGillis Ave
Lake George, NY 12845


HIGHLIGHTS

  • 11 elegant guest rooms, each featuring private baths, modern amenities, and Adirondack- inspired décor.
  • The Lobby Bar, a sophisticated cocktail lounge, is perfect for handcrafted drinks and exclusive private events
  • Centrally located with walking access to sidewalk cafes, boutique shops, and Adirondack Mountain adventures
  • Just 25 minutes from Saratoga Springs, a hub for dining, shopping, and entertainment.
  • Close to popular attractions such as Million Dollar Beach, Lake George Steamboat cruises, and Six Flags: The Great Escape.
  • Year-round destination with opportunities for hiking, boating, skiing, and cultural events in the Adirondacks.

OVERVIEW

Seize a rare opportunity to own a charming boutique hotel in the heart of Lake George Village, the “Queen of American Lakes.” Featuring a classic cocktail lounge and prime access to Adirondack adventures, vibrant cafes, and boutique shops, the Inn is a year-round favorite for travelers. Located in one of the region’s premier destinations. This beautiful property has been completely renovated and offers a first class location and guest room experience. This is a perfect starter property for a first time hotelier, or a wonderful addition to your hospitality portfolio.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$338 USD /SF

# OF ROOMS

11

PRICE/ROOM

$177,273 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Inn of Lake George

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

05

APN/PARCEL ID

522201 251.18-3-36.1

ASK ABOUT THIS PROPERTY

Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

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Mitchell B Muroff, Esq.Muroff Hospitality GroupMore Info
617-610-7774

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.