581 US Route 9 - Restaurant FOR SALE


Schroon Lake, NY 12870
$999,900 USD
518-222-6031
581 US Route 9, Schroon Lake, NY for Sale
$999,900 USD
Restaurant - FOR SALE
1/54
null | Request Cap Rate

581 US Route 9
Schroon Lake, NY 12870


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$999,900 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.31 AC

LAND SF

187,744 SF

ZONING

07

APN/PARCEL ID

154600-156-012-0002-004-100-0000

ASK ABOUT THIS PROPERTY

Erin SteinbachJulie & Co RealtyMore Info
518-222-6031

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Erin SteinbachJulie & Co RealtyMore Info
518-222-6031

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