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1454 State Route 30 - $1 Auction - Fmr Hospitality/Retreat | 17 Bed 8,598 SF Specialty Building Offered at $150,000 in Wells, NY 12190
Investment Highlights
- ABSOLUTE $1 AUCTION | Adirondack Former Hospitality/Retreat Building | 17 Bedrooms | Lake Algonquin | AUCTION JULY 13-15
- ±8,661 SF, 3-story building on ±2.2 acres with 17 bedrooms, a full commercial kitchen, dining room, study/lounge rooms, and approx 3K SF basement
- Former rehabilitation / hospitality property located in Wells, New York, within Adirondack Park, offering a rare repositioning opportunity
- Adirondack destination along Route 30 and Lake Algonquin, with traffic drivers including lakes, rivers, wilderness access, and four-season outdoor
Executive Summary
Marcus & Millichap is pleased to offer 1454 State Route 30, a unique opportunity to acquire a former rehabilitation/hospitality property in the Adirondack community of Wells, New York. The Property is being offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a well located, adaptive reuse asset at an attractive basis. FIRST BID MEETS RESERVE!
The Property includes a ±8,661-square-foot, 17-bedroom building on ±2.2 acres with a commercial kitchen, dining room, lounge/study areas, basement space, and existing hospitality-oriented infrastructure. Positioned along Route 30 near Lake Algonquin, the asset is well suited for a buyer seeking an adaptive reuse opportunity for lodging, retreat, group housing, wellness, nonprofit, institutional, or other destination-oriented uses, subject to buyer due diligence and applicable approvals. The surrounding Adirondack Park location offers access to outdoor recreation, small-town character, and regional tourism demand, while the reported absence of local zoning may provide additional flexibility, subject to Adirondack Park Agency and other regulatory review.
Wells, New York is a small-town Adirondack submarket in Hamilton County, positioned along Route 30 in the southern Adirondacks and shaped more by tourism, recreation, and second-home demand than by traditional traffic drivers. The town and surrounding area benefit from year-round outdoor appeal tied to lakes, hiking, snowmobiling, and the broader Adirondack visitor economy, while Hamilton County’s economic development efforts continue to support small business and tourism-related activity.
The Property includes a ±8,661-square-foot, 17-bedroom building on ±2.2 acres with a commercial kitchen, dining room, lounge/study areas, basement space, and existing hospitality-oriented infrastructure. Positioned along Route 30 near Lake Algonquin, the asset is well suited for a buyer seeking an adaptive reuse opportunity for lodging, retreat, group housing, wellness, nonprofit, institutional, or other destination-oriented uses, subject to buyer due diligence and applicable approvals. The surrounding Adirondack Park location offers access to outdoor recreation, small-town character, and regional tourism demand, while the reported absence of local zoning may provide additional flexibility, subject to Adirondack Park Agency and other regulatory review.
Wells, New York is a small-town Adirondack submarket in Hamilton County, positioned along Route 30 in the southern Adirondacks and shaped more by tourism, recreation, and second-home demand than by traditional traffic drivers. The town and surrounding area benefit from year-round outdoor appeal tied to lakes, hiking, snowmobiling, and the broader Adirondack visitor economy, while Hamilton County’s economic development efforts continue to support small business and tourism-related activity.
Property Facts
| Price | $150,000 | Lot Size | 2.20 AC |
| Price Per SF | $17.32 | Building Size | 8,661 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Specialty | Year Built/Renovated | 1876/2016 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Zoning | No zoning - No zoning, per Building Department | ||
| Price | $150,000 |
| Price Per SF | $17.32 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 8,661 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1876/2016 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | No zoning - No zoning, per Building Department |
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 203600-130-014-0002-041-110-0000 | Improvements Assessment | $377,600 |
| Land Assessment | $22,400 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
203600-130-014-0002-041-110-0000
Land Assessment
$22,400
Improvements Assessment
$377,600
Total Assessment
$400,000
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1454 State Route 30 - $1 Auction - Fmr Hospitality/Retreat | 17 Bed
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