1970 Saranac Ave - Hospitality FOR SALE


Lake Placid, NY 12946
$2,195,000 USD
518-576-2297
1970 Saranac Ave, Lake Placid, NY for Sale
$2,195,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

1970 Saranac Ave
Lake Placid, NY 12946


OVERVIEW

Positioned at the western gateway to the Village of Lake Placid on Saranac Avenue, Whiteface Vista is 3.1 acres of genuinely irreplaceable ground: panoramic, unobstructed views of Whiteface Mountain, a gem of the Adirondack High Peaks, high visibility from Route 86, and a parcel size that supports a meaningful redevelopment footprint. Comparable acreage with this combination of access, view, and position does not come to market in Lake Placid with any frequency. The site currently operates as a 30-room lodging property across multiple buildings, a functioning income asset today, and a placeholder for a higher use tomorrow. The land, not the structure, is what a buyer is purchasing: this corridor has produced some of the region's more closely watched development activity over the past several years, and Whiteface Vista sits at its natural inflection point. The opportunity suits a developer, hospitality operator, or land-forward investor with a vision, a new hotel, resort, workforce housing project, or mixed-use development anchored by frontage and views few sites in Lake Placid can match. Full financials and property profile available to qualified buyers upon request.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$150 USD /SF

# OF ROOMS

30

PRICE/ROOM

$73,167 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whiteface Vista

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

-

APN/PARCEL ID

154089-042-006-0003-013-000-0000

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.