4833 Cascade Rd - Sports and Entertainment FOR SALE


Lake Placid, NY 12946
$1,950,000 USD
518-576-2297
4833 Cascade Rd, Lake Placid, NY for Sale
$1,950,000 USD
Sports and Entertainment - FOR SALE
1/25
null | Request Cap Rate

4833 Cascade Rd
Lake Placid, NY 12946


HIGHLIGHTS

  • Prime Location near Lake Placid Olympic Village
  • 200 acres with miles of trails
  • Ample parking

OVERVIEW

A rare opportunity at the entrance to Olympic Village of Lake Placid, this nearly 200-acre property combines a rich recreational legacy with development potential. Formerly the Cascade Cross-Country Ski Center, the property includes miles of ski/trail running/mountain biking trails, an 11,000± SF lodge with retail, restaurant, bar, ski shop, bunkhouse lodging for up to 32 guests, and two recently remodeled apartments, one a one-bedroom, one-bath; the other a two-bedroom, one-bath, each with spectacular mountain views. Set within a 200-acre boreal forest of spruce, balsam, and tamarack, the land borders state wilderness and connects directly to the Jackrabbit Trail and the Olympic trail network at Mount Van Hoevenberg. A year-round brook, beaver pond, and sweeping views into the High Peaks define the landscape. Recent improvements under current ownership have enhanced infrastructure, trail systems, and lodging facilities. Additional features include a maintenance building, ample parking for 100+ vehicles, and on-site employee housing. Ideally situated along a busy approach into the Village of Lake Placid on RT 73, the property enjoys exceptional visibility and access, just minutes from Main Street, Whiteface Mountain, High Peaks hiking and back country skiing, and the region’s renowned Olympic venues. Its scale, setting, and infrastructure make it suitable for hospitality, recreation, or private use of uncommon scope and quality.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

197.71 AC

LAND SF

8,612,248 SF

ZONING

05 - Commercial

APN/PARCEL ID

154089-052-001-0001-054-000-0000

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.