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581 US Route 9 4,000 SF Retail Building Schroon Lake, NY 12870 $999,900 ($249.98/SF)
Executive Summary
Rare Opportunity: Witherbee's Carriage House Restaurant & Cabins
Discover an extraordinary investment in the heart of New York's Adirondacks with the iconic Witherbee's Carriage House Restaurant, a beloved Schroon Lake institution offering unparalleled potential for savvy buyers.
This remarkable offering includes a fully operational restaurant with seating for over 325 guests, perfectly positioned to serve both locals and the thriving tourist market. The property comes complete with three charming cottages boasting stunning lake views. Generate year-round revenue through short-term rentals and providing immediate income diversification.
With room for 9 additional cottages, the expansion possibilities are exceptional, allowing you to significantly scale the hospitality operation. The package also includes a vacant lot ideal for residential development or additional cottage construction. Spanning 4.31 acres across three parcels, this property offers both immediate cash flow and substantial long-term growth potential.
Located just minutes from the Adirondack Northway for effortless accessibility, you'll be nestled in the quaint town of Schroon Lake, surrounded by year-round actives and attractions including Gore Mountain, Schroon Lake beach, boat launches, hiking trails and a recently renovated wedding venue just down the road.
Whether you're an experienced restaurateur looking to acquire a turnkey operation, a developer ready to capitalize on the booming vacation rental market, or an investor seeking a diversified real estate portfolio, this once-in-a-lifetime opportunity delivers on every front.
Discover an extraordinary investment in the heart of New York's Adirondacks with the iconic Witherbee's Carriage House Restaurant, a beloved Schroon Lake institution offering unparalleled potential for savvy buyers.
This remarkable offering includes a fully operational restaurant with seating for over 325 guests, perfectly positioned to serve both locals and the thriving tourist market. The property comes complete with three charming cottages boasting stunning lake views. Generate year-round revenue through short-term rentals and providing immediate income diversification.
With room for 9 additional cottages, the expansion possibilities are exceptional, allowing you to significantly scale the hospitality operation. The package also includes a vacant lot ideal for residential development or additional cottage construction. Spanning 4.31 acres across three parcels, this property offers both immediate cash flow and substantial long-term growth potential.
Located just minutes from the Adirondack Northway for effortless accessibility, you'll be nestled in the quaint town of Schroon Lake, surrounded by year-round actives and attractions including Gore Mountain, Schroon Lake beach, boat launches, hiking trails and a recently renovated wedding venue just down the road.
Whether you're an experienced restaurateur looking to acquire a turnkey operation, a developer ready to capitalize on the booming vacation rental market, or an investor seeking a diversified real estate portfolio, this once-in-a-lifetime opportunity delivers on every front.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,000 SF
Building Class
B
Year Built/Renovated
1985/2015
Price
$999,900
Price Per SF
$249.98
Tenancy
Single
Building Height
2 Stories
Building FAR
0.02
Lot Size
4.31 AC
Zoning
07
Frontage
466’ on State Route 9
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Witherbees Carriage House Restaurant
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Witherbees Carriage House Restaurant | Retailer | - | - | - |
Property Taxes
| Parcel Number | 154600-156-012-0002-004-100-0000 | Improvements Assessment | $139,000 |
| Land Assessment | $100,000 | Total Assessment | $239,000 |
Property Taxes
Parcel Number
154600-156-012-0002-004-100-0000
Land Assessment
$100,000
Improvements Assessment
$139,000
Total Assessment
$239,000
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