$1,700,000
$2,250,000
24.4%For more information regarding the value of a property, please contact us for a free consultation.
8,650 SqFt
SOLD DATE : 04/21/2023
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 8,650 sqft
Price per Sqft $196
MLS Listing ID 177488
Sold Date 04/21/23
Originating Board Adirondack-Champlain Valley MLS
Year Built 1999
Annual Tax Amount $17,400
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Business
Property Description
This waterfront cottage colony and motel has been in business for decades and has plenty of repeat clientele. The maintenance and condition is excellent. Divided into two parcels, one on each side of Route 28, the major route through the Adirondack Park, the 10 unit motel, owner's home and 1 cabin sit on the south side. On the north side are 5 more rental units and over 300' of gentle shoreline and beach on Seventh Lake. All rental units and motel are ready for year round use and all the cabins have winter rentals established. The owner's home is a ranch style home with full basement, 2 garages and sits in an area separate from the motel but close enough for attention to all details. Besides the lake and water activities, a snowmobile trail from the lake to all trails in the town of Inlet comes right next to the property which makes it desirable. The Inlet Golf Course is nearby as well as all the activities that the town has to offer; shops, dining, tennis, ball park, and playground.
Location
State NY
County Hamilton
Zoning Mixed
Direction Deer Meadows is located east of the Hamlet of Inlet, approximately 2 miles from the Town Center on Seventh Lake. No real estate sign, just a sign for the business on both sides of Route 28.
Body of Water Seventh Lake
Rooms
Basement Full, None
Interior
Heating Forced Air, Propane
Cooling Wall Unit(s)
Appliance Electric Water Heater
Exterior
Parking Features Parking Lot, Private
Utilities Available Cable Available, Internet Available
View Lake, Trees/Woods
Roof Type Metal
Street Surface Gravel
Building
Foundation Block
Sewer Septic Tank
Water Well Drilled
Structure Type Frame,Vinyl Siding,Wood Siding,Modular
Schools
School District Inlet
Others
Senior Community No
Tax ID 60.013-8-8.1 60.013-1-11.21
Security Features Carbon Monoxide Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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