365 E River Dr - Hospitality FOR SALE


Lake Luzerne, NY 12846
$2,650,000 USD
617-610-7774
365 E River Dr, Lake Luzerne, NY for Sale
$2,650,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

365 E River Dr
Lake Luzerne, NY 12846


HIGHLIGHTS

  • 12 renovated cottages including: 7 bed lodge, 4-bed house and ten 2-bedroom cottages -all with full kitchens.
  • 5 acres along the Hudson River with a new dock, small beach, pontoon boat, kayaks, canoes and watersports
  • Keyless entry for reduced operational costs - great for AirBnb, Vrbo, long and short term rentals
  • Year-round rental potential with access to outdoor activities in the beautiful Adirondacks
  • 15 minutes to Lake George and Saratoga; 45 minutes to Albany International Airport
  • Strong upside potential with no operating history as Owner was clearing the grounds and making improvements.

OVERVIEW

Discover a unique opportunity to own a charming riverside escape in Lake Luzerne, New York on the banks of the scenic Hudson River. Just three hours from Boston and NYC, Whispering Pines Cottages is the perfect getaway for city dwellers seeking a peaceful retreat. With easy access to the majestic Adirondacks, this year-round destination blends natural beauty with relaxation and adventure, featuring 12 renovated cottages, including a 7 bedroom house and a 4-bedroom house. The lodge and Units 8, 9 and 10 are fully winterized; the 8 other units are seasonal. In all, there are a total of 31 bedrooms in the 12 units. This is a wonderful opportunity for a hospitality professional to own an easy to operate property with long term units in a spectacular scenic setting. Great potential for strong revenue and Net Operating Income.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$213 USD /SF

# OF ROOMS

5

PRICE/ROOM

$530,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whispering Pines Waterfront Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1940

PARKING SPACES

42

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

RT

APN/PARCEL ID

523200-312-016-0001-001-001-0000

ASK ABOUT THIS PROPERTY

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.

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.