31 Vito Rd
Lake George, NY 12845
Country Cottages & Motel · Hospitality Property For Sale
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8,125 SF
Investment Highlights
- Beautiful Family Resort that can be converted to condominiums for a huge profit!
- Fabulous 3600 sq. ft. Owners Home - 4+ Car Garage - In-Law Apt.
- Ownership will give you private beach access to Lake George
- Exceptionally well maintained property in exclusive Diamond Point
- Potential to increase business from 2 months to 12 months
- Easy to operate, low maintenance property. Near to everything!
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1992 |
| Building Class | C | Tenancy | Single |
| Lot Size | 3.38 AC | Corridor | Exterior |
| Building Size | 8,125 SF | ||
| Zoning | 07 - The Town of Lake George Zoning Board of Appeals has approved a plan to convert the existing cottages to condos. Currently zoned for hotel-residential | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.38 AC |
| Building Size | 8,125 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Tenancy | Single |
| Corridor | Exterior |
| Zoning | 07 - The Town of Lake George Zoning Board of Appeals has approved a plan to convert the existing cottages to condos. Currently zoned for hotel-residential |
Amenities
- Balcony
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Destination Resort
- Meeting Event Space
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
About 31 VITO RD , LAKE GEORGE, NY 12845
Country Cottages and Motel features 17 private cottages/ cabins and 4 Motel Rooms (37 bedrooms) plus a beautiful and spacious family home adjacent to the resort, all included in this exclusive offering! Each of the cabins is self-contained with full kitchens, full basements and are metered separately with heating and air conditioning for use all year round! In fact, the resort has been zoned to allow conversion of the property to condominiums that could create a profitable windfall for a new owner! Additionally, the current owner only opens the property for 2-3 months each season, and only rents cabins by the week. A new owner might keep the resort open all year, and increase rates through more professional yield management. In short there a myriad of ways to increase gross revenue, net operating income and an exit strategy by converting to condos. Don’t wait a minute to schedule a tour. This is an exceptional opportunity for an immaculate well positioned resort!
Property Taxes
| Parcel Number | 522289-225-016-0001-019-000-0000 | Improvements Assessment | $636,500 |
| Land Assessment | $203,500 | Total Assessment | $840,000 |
Property Taxes
