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5825 Cascade Rd, Lake Placid, NY 12946

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For Sale

$1,700,000

8,344 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $203.74
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

The Carriage House Motel offers a hospitality investment opportunity in the Olympic village of Lake Placid. The property has 17 Rooms and a three-bedroom, two-bath home. Located along Route 73, just minutes from Main Street and Lake Placid's shops, dining, and Olympic venues, this well-positioned property benefits from tourism driven by outdoor recreation, international sporting events, and the natural beauty of the Adirondacks. The motel features a mix of guest rooms, each with air conditioning, WiFi, and in-room conveniences such as refrigerators and cable TV, and ample on-site parking. The Carriage House Motel combines strong location appeal with a practical lodging format that caters to budget-conscious travelers, families, and groups. Proximity to major attractions such as the Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and the High Peaks Wilderness ensures consistent demand across all four seasons. This offering presents investors with the chance to own a stable, hospitality asset in one of the Northeast's most desirable mountain resort destinations.
MLS# 205889

Courtesy Of Merrill L. Thomas, Inc.

(518) 523-2519

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Ice Maker
  • Exterior Type
    Wood Siding
  • Heating System
    Baseboard, Zoned
  • Lot Size
    1.1 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 5825 Cascade Rd, Lake Placid, NY 12946

Home seller CENTURY 21 TheOne

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CENTURY 21 TheOne

(518) 563-7350
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Monthly Payment Breakdown

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  • Hazard Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.