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- LoopNet Team
2302 Saranac Ave
Lake Placid, NY 12946
The Pines Of Lake Placid · Hospitality Property For Sale
·
41,541 SF
INVESTMENT HIGHLIGHTS
- Includes income from the cell towers that are on the roof of the hotel
- Rare development opportunity of an iconic hotel in a sought-after location
- Four season fun! Swimming, skiing, shopping, hiking, restaurants, museums
- Lake Placid is one of the most beloved leisure destinations in the Northeast
- Acquire an older property at a great price; transform it into a boutique hotel
- Great opportunity for an experienced hotelier or an entrepreneurial buyer
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1907/2011 |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Lot Size | 1.12 AC | Corridor | Interior |
| Building Size | 41,541 SF | ||
| Zoning | 05 - Hotel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 41,541 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1907/2011 |
| Parking Ratio | 1.13/1,000 SF |
| Corridor | Interior |
| Zoning | 05 - Hotel |
AMENITIES
- Fitness Center
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Boutique/Lifestyle Hotel
- Meeting Event Space
- Public Access Wifi
- Hot Tub
ABOUT 2302 SARANAC AVE , LAKE PLACID, NY 12946
Set in the heart of the Lake Placid Village, the iconic Pines Inn has been a beloved destination for travelers, and the famous, since the early 1900s. The Pines Inn is a timeless Lake Placid landmark that maintains the inn’s historic old-world charm, and provides guests with a comfortable, convenient, and authentic Adirondack Mountain experience. Situated a stone’s throw from Lake Placid’s shopping, dining, and nightlife on Main Street and the shoreline of Lake Placid, you’ll find unlimited Olympic attractions and outdoor adventures at your doorstep to experience the best of the Adirondacks. A new owner may chose to operate the hotel as is, or initiate a substantial renovation of the property to insure its long term success as a premier boutique destination in this iconic resort town.
PROPERTY TAXES
| Parcel Number | 154001-042-142-0004-006-000-0000 | Improvements Assessment | $1,549,600 |
| Land Assessment | $270,400 | Total Assessment | $1,820,000 |
PROPERTY TAXES
