$965,000
$990,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
4,274 SqFt
SOLD DATE : 02/19/2021
Key Details
Sold Price $965,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 4,274 sqft
Price per Sqft $225
MLS Listing ID 167374
Sold Date 02/19/21
Year Built 1990
Annual Tax Amount $19,184
Lot Size 2.700 Acres
Acres 2.7
Property Sub-Type Business
Source Adirondack-Champlain Valley MLS
Property Description
Prague Motor Inn with 2.70 acres on a highly visible main road entering Lake Placid. Adjoins Power Pond Park with access to the Chubb River. 5 separate and adjoining building lots. Currently 13 bedroom suites in 5 buildings, many complete with kitchens. In addition to the main Prague building, a separate parcel has a 1360 sf home, third house for storage or repurpose on another separate lot and a vacant lot that all overlook the Chubb River. This level 2.7 acres is ideal for another hotel, store or restaurant. Priced below assessed value.
Location
State NY
County Essex
Zoning Mixed
Direction Sentinel Road look for Prague Sign
Body of Water Power Pond
Rooms
Basement Unfinished
Interior
Heating Baseboard, Electric
Cooling None
Appliance Electric Water Heater
Exterior
Parking Features Parking Lot
Utilities Available Cable Available, Internet Available, Sewer Connected, Water Connected
View Commercial, River
Roof Type Composition
Road Frontage Public
Building
Structure Type Wood Siding,2x6 Walls
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 42.239-4-14.000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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