788 Springfield Rd - Hospitality FOR SALE


Wilmington, NY 12997
$1,599,000 USD
518-523-4404
788 Springfield Rd, Wilmington, NY for Sale
$1,599,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

788 Springfield Rd
Wilmington, NY 12997


OVERVIEW

11 GUESTROOM MOTORLODGE & PUB a Hidden Gem in the Adirondack High Peaks. This Quintessential ADK CHALET property is in Wilmington, NY, 2 mi to Whiteface Olympic Ski Center & 11 mi to Lake Placid! Additionally, local area boasts: world-class fly-fishing; numerous trail heads for hiking, snowmobiling, & mountain biking (deemed the Mtn Bike Mecca of northern NY); secret (& not so secret) swimming holes; & music fests; etc. Whether looking for an established turn-key business OR to convert into a Private Home, there are many options to explore. Multiple upgrades complete in past 5 yrs and the property is now turn-key ready with a 68+ seat Pub featuring stone floors, wood-burning fireplace, & small stage for live music. Lodge Guests share 3 common areas w/ leather couches, stone wood-burning fireplace, dining area & game room. Upgrades include metal roof, grease trap, windows, stone façade, flooring, beds, commercial kitchen (flooring & equipment), bar build-out, deck/steps, landscaping, parking lot!

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$120 USD /SF

# OF ROOMS

11

PRICE/ROOM

$145,364 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chalet Whiteface

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1956

PARKING SPACES

13

LAND DETAILS

LAND ACRES

6.96 AC

LAND SF

303,178 SF

ZONING

07

APN/PARCEL ID

155400-026-003-0004-014-000-0000

ASK ABOUT THIS PROPERTY

Colleen HolmesE&V Lake Placid Real EstateMore Info
518-523-4404

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Colleen HolmesE&V Lake Placid Real EstateMore Info
518-523-4404

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