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487 Lake Flower Ave
Saranac Lake, NY 12983
Best Western Mountain Lake Inn · Hospitality Property For Sale
·
33,494 SF

PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1992/2016 |
| Building Class | B | Parking Ratio | 2.63/1,000 SF |
| Lot Size | 2.91 AC | Corridor | Interior |
| Building Size | 33,494 SF | ||
| Zoning | 05 - COMME | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.91 AC |
| Building Size | 33,494 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1992/2016 |
| Parking Ratio | 2.63/1,000 SF |
| Corridor | Interior |
| Zoning | 05 - COMME |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 487 LAKE FLOWER AVE , SARANAC LAKE, NY 12983
This is a 69 unit Best Western with adjacent 85 seat restaurant. Site has 2.9 acres with 410 feet of easy access frontage and great exposure. Hotel built in 1992 with continuous upgrades. 52 double queen rooms, 17 single king rooms with 4 units designated as handicap. Parking on-site for up to 90 vehicles. All units sprinklered with AC. Property meets all( property improvement plan )PIP standards.Exceptional financial position. Only 10 miles from the Olympic Village of Lake Placid. Pricing points generate strong demand given only current franchise in the community plus high rates in Lake Placid market. Lake and mountain views.Great opportunity....Owner looking to retire....
LINKS
PROPERTY TAXES
| Parcel Number | 154003-032-263-0002-006-718-0000 | Improvements Assessment | $3,217,900 |
| Land Assessment | $222,100 | Total Assessment | $3,440,000 |
PROPERTY TAXES
Listing ID: 11306087
Date on Market: 1/19/2018
Last Updated:
Address: 487 Lake Flower Ave, Saranac Lake, NY 12983
The Hospitality Property at 487 Lake Flower Ave, Saranac Lake, NY 12983 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
