Log In/Sign Up
Your email has been sent.
Balsam House Inn-Friends Lake 477 Atateka Dr 38 Room Hotel Chestertown, NY 12817 $5,500,000 ($144,737/Room) 7.42% Cap Rate
INVESTMENT HIGHLIGHTS
- Wellness Resort in the Tranquil Adirondacks
- $275K recent exterior renovation and $250K in materials on-site
- Fully entitled commercial site with expansion permits
- Historic lakefront resort with deep regional heritage
- Eligible for historic tax credits and up to $4M in grants
EXECUTIVE SUMMARY
Development Opportunity - SELLER WANTS TO SEE THIS PROJECT BUILT - OFFERING TO CARRY PAPER OF $2,750,000.00 @ 6.5% interest 15 year amortization with a 5 year ballon.
Balsam House Retreat: A Sanctuary in the Adirondacks. Proposed ADR 350.00; HVS Feasibility Study.
Nestled deep within the emerald embrace of the Adirondack Mountains, The Balsam House is more than a wellness resort—it's a return to self.
Here, beneath towering evergreens and beside mirror-like lakes, the pace of life slows. Guests arrive not to escape the world, but to rediscover their place in it.
From sunrise yoga on dew-kissed meadows to guided forest bathing through ancient pines, every experience is designed to reconnect body, mind, and spirit. Our wellness philosophy is rooted in nature’s rhythm—seasonal therapies, locally-sourced botanical cuisine, and elemental spa treatments inspired by earth, air, fire, and water.
The retreat's architecture, crafted from reclaimed timber and natural stone, blends seamlessly with its surroundings. Accommodations offer mountain views, wood-burning fireplaces, and silence so profound it becomes its own kind of music.
Whether you seek solitude, healing, or inspiration, Balsam House offers a personalized journey. Meditative hikes, artisan workshops, cold plunge rituals, and herbal apothecary sessions—all await those who feel the call of the mountains.
This is not just a place. It is a practice. A living rhythm of stillness and strength. Whispering Pines invites you to retreat… and to return renewed.
Balsam House Retreat: A Sanctuary in the Adirondacks. Proposed ADR 350.00; HVS Feasibility Study.
Nestled deep within the emerald embrace of the Adirondack Mountains, The Balsam House is more than a wellness resort—it's a return to self.
Here, beneath towering evergreens and beside mirror-like lakes, the pace of life slows. Guests arrive not to escape the world, but to rediscover their place in it.
From sunrise yoga on dew-kissed meadows to guided forest bathing through ancient pines, every experience is designed to reconnect body, mind, and spirit. Our wellness philosophy is rooted in nature’s rhythm—seasonal therapies, locally-sourced botanical cuisine, and elemental spa treatments inspired by earth, air, fire, and water.
The retreat's architecture, crafted from reclaimed timber and natural stone, blends seamlessly with its surroundings. Accommodations offer mountain views, wood-burning fireplaces, and silence so profound it becomes its own kind of music.
Whether you seek solitude, healing, or inspiration, Balsam House offers a personalized journey. Meditative hikes, artisan workshops, cold plunge rituals, and herbal apothecary sessions—all await those who feel the call of the mountains.
This is not just a place. It is a practice. A living rhythm of stillness and strength. Whispering Pines invites you to retreat… and to return renewed.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Third Party Reports
PROPERTY FACTS
| Price | $5,500,000 | Lot Size | 19.10 AC |
| Price Per Room | $144,737 | Building Size | 45,240 SF |
| Sale Type | Investment | No. Rooms | 38 |
| Cap Rate | 7.42% | No. Stories | 3 |
| Sale Condition | Redevelopment Project | Year Built/Renovated | 1890/1990 |
| Property Type | Hospitality | Parking Ratio | 1.33/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | ||
| Zoning | tourism | ||
| Price | $5,500,000 |
| Price Per Room | $144,737 |
| Sale Type | Investment |
| Cap Rate | 7.42% |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 19.10 AC |
| Building Size | 45,240 SF |
| No. Rooms | 38 |
| No. Stories | 3 |
| Year Built/Renovated | 1890/1990 |
| Parking Ratio | 1.33/1,000 SF |
| Corridor | Interior |
| Zoning | tourism |
AMENITIES
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 38 | $131.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 522400-136-002-0001-008-000-0000 | Improvements Assessment | $375,000 |
| Land Assessment | $900,000 | Total Assessment | $1,275,000 |
PROPERTY TAXES
Parcel Number
522400-136-002-0001-008-000-0000
Land Assessment
$900,000
Improvements Assessment
$375,000
Total Assessment
$1,275,000
1 of 32
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Balsam House Inn-Friends Lake | 477 Atateka Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.