10050 State 9N hwy - Retail FOR SALE


Keene, NY 12942
$745,000 USD
518-576-2297
10050 State 9N hwy, Keene, NY for Sale
$745,000 USD
Retail - FOR SALE
1/16
null | Request Cap Rate

10050 State 9N hwy
Keene, NY 12942


HIGHLIGHTS

  • Over $400,000 in recent renovations
  • Large industrial kitchen
  • Additional opportunity for a one bedroom apartment and separate building lot

OVERVIEW

An iconic Adirondack institution, Baxter Mountain Tavern has served as a gathering place for locals and visitors alike for generations, and now, with over $400,000 in recent renovations, it is positioned for its next chapter. This fully turnkey commercial opportunity sits on ±9 acres in the heart of Keene, with the kind of setting and structure that are genuinely difficult to replicate. The renovations are comprehensive: a new fireplace anchors the dining room with warmth and character, a bar and bar dining area with inviting, intimate lighting and dark wood, and both the interior and exterior have been thoughtfully updated throughout. The result is a property that feels entirely refreshed while honoring the tavern's established identity. A large industrial kitchen supports full lunch and dinner service, and the dining room includes a private party room, an amenity that would drive repeat bookings and event revenue. In the warmer months, guests gather on the covered outdoor deck to take in expansive views across the property and toward the surrounding peaks. In winter, the new fireplace earns its keep. The tavern has long drawn both the local community and the steady stream of visitors who make Keene a destination, a dual customer base that provides meaningful resilience through the seasons. Additional opportunity exists beyond the restaurant itself. The ground level presents the potential for a one-bedroom, one-bathroom apartment, well-suited for an owner-operator, staff housing, or rental income. A separate building lot overlooking Big Crow Mountain and a brook offers further development potential, whether for a private residence or as a value-add at disposition. Few turnkey commercial opportunities in the Adirondacks combine this level of recent investment, an established operating history, and meaningful upside beyond the core business.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baxter Mountain Tavern

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.84 AC

LAND SF

428,630 SF

ZONING

-

APN/PARCEL ID

153000-054-003-0001-034-003-0000

ASK ABOUT THIS PROPERTY

Matt SmithLandVestMore Info
518-576-2297

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Matt SmithLandVestMore Info
518-576-2297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.