5239 NY-86, Wilmington, NY 12997
5239 NY-86, Wilmington, NY 12997
5239 NY-86, Wilmington, NY 12997
5239 NY-86, Wilmington, NY 12997
5239 NY-86, Wilmington, NY 12997
5239 NY-86, Wilmington, NY 12997
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Chase Jermano

Chase Jermano

+1(518) 637-5272
$ 2,649,000
Est. payment | /mo

21,000 SqFt

Save
$ 2,649,000
Est. payment | /mo
Save

21,000 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 21,000 sqft

Price per Sqft $126

MLS Listing ID 208669

Year Built 1972

Annual Tax Amount $26,546

Lot Size 9.100 Acres

Acres 9.1

Property Sub-Type Hotel/Motel

Source Adirondack-Champlain Valley MLS

Property Description

Set on 9.1 scenic acres with approximately 1,300 feet of frontage on the legendary West Branch of the Ausable River, The Hungry Trout Resort offers a rare blend of lodging, dining, and outdoor recreation, just one mile from Whiteface Mountain Ski Area. The 20-unit motel features a mix of queen, king, and suites, each with convenient drive-up exterior entry. Guests enjoy a 40,000-gallon swimming pool with a new pump and chlorine system, smaller pool, an outdoor play set, and an open large field that gives groups plenty of room to spread out and enjoy the surrounding area adjacent to the restaurants. This offering includes two distinct restaurant spaces, plus indoor and outdoor seating. The lower-level restaurant area has been fully remodeled, the upstairs dining room now has new mini-split heating and cooling, and the kitchens have been upgraded with new restaurant equipment and an updated air exchange system. A fully equipped fly shop with guide service rounds out the offering, putting world-class trout fishing right outside the door. The spacious separate residence includes a private fenced-in yard and a new refinished basement apartment, ideal for added flexibility. Additional updates made by the current owner include - new roofs that have been installed on two of the motel buildings, new roof on the restaurant building, a new roof on the separate home, and a new septic system with a high-end Fuji system serving the restaurants. With decades of history in the area and a following of skiers, anglers, and Adirondack travelers, this turnkey property is being sold with all furniture, fixtures, and equipment included. This offering includes tax map parcel 26.3-1-4. Bring your vision and set up a showing today!

Location

State NY

County Essex

Direction From Lake Placid - Take NYS Route 86 towards Wilmington - Look for sign of Hungry Trout Resort across from Fox Farm Rd.

Exterior

View Mountain(s), Pool, Water

Roof Type Asphalt

Street Surface Paved

Building

Water Public

Others

Senior Community No

Tax ID 26.3-1-5.000

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Listed by Blythe Niles-Linster • Engel & Volkers Lake Placid Real Estate

Nearby Locations

Tina Leonard Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(518) 524-3273

sales@adktlre.com

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5239 NY-86