Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    129 Park St Tupper Lake, NY 12986

    Sponsored
    For Sale
    $1,150,000

    COMMERCIAL - Tupper Lake, NY

    Property size:
    29,448 SF
    Lot size:
    1.18 Acres
    Days on Market:
    11
    Last Refresh:
    Jan 25 at 9:06 am

    Property Features for 129 Park St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Commercial
    APN
    490.59-4-13
    Size
    29,448 SF
    Lot size
    1.18 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    3

    We can help!

    Listing Contact
    Kathryn Bencze
    Kathryn Bencze

    LaValley Real Estate (518) 359-9440

    Listing agent Kathryn (Kate) Bencze (518) 524-6199

    Listing date Jan 15, 2026

    MLS# 203475

    Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Approved Hotel Project in Adirondacks

    This is a shovel-ready project for a proposed 44-room boutique hotel, designed in a ''Classic Adirondack'' style. The hotel project includes plans for a bar and restaurant, a meeting room, a fitness area, and other associated amenities. It is situated on an approximately 1-acre plot of land. The property is located in the heart of the Adirondack Park, along NYS Routes 3 & 30, providing key exposure to travelers. The hotel is intended to serve the growing tourism industry and address the need for additional hospitality services. The project is fully approved and ready for construction, with the potential for public funding assistance. The property size is 29448 square feet and the lot size is 1.18 acres. Complete plans are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tupper Lake
    County
    Franklin
    State
    New York
    Longitude
    -74.464026
    Latitude
    44.224175

    Nearby Similar for Sale

    • $1,100,000
      Pending

      Waterfront Property with Income Potential

      20-unit Adirondack property on 7+ acres with lake access.
      1616 Ny-30, Tupper Lake, NY 12986
      View Details
    • New
      $425,000
      Pending

      Historic Adirondack Cabins For Sale

      Tranquil retreat in the heart of the Adirondack region.
      2775 State Route 30, Tupper Lake, NY 12986
      View Details
    • $395,000
      1,625 SF

      Thriving Auto Repair Business Opportunity

      Turnkey auto repair business for sale in Tupper Lake.
      206 Park St, Tupper Lake, NY 12986
      View Details
    • $485,000
      4,180 SF

      Mixed-Use Property in Tupper Lake

      Versatile mixed-use property with retail and residential potential.
      233 Park St, Tupper Lake, NY 12986
      View Details
    • $69,000
      1,000 SF

      Eight-Unit Apartment Property in Tupper

      Historic 8-unit apartment property on 0.45 acres in Tupper.
      37 Water St, Tupper Lake, NY 12986
      View Details
    • $129,000
      1,000 SF

      Tupper Lake Multi-Unit Renovation Opportunity

      Eight-unit property in Tupper Lake, ready for renovation and development.
      37 Water St, Tupper Lake, NY 12986
      View Details
    • $69,000
      0.45 Acres

      Eight-Unit Apartment Property For Sale

      Eight-unit apartment property on 0.45 acres, handyman or developer opportunity.
      37 Water St, Tupper Lake, NY 12986
      View Details
    • $150,000
      Pending

      Established Auto and Boat Repair Shop

      Well-established auto and boat repair shop in prime location.
      98 Wawbeek Ave, Tupper Lake, NY 12986
      View Details
    • $195,000
      Pending

      Adirondack Style Office or Home

      Two-story commercial building suitable for office or residential use.
      190 Main St, Tupper Lake, NY 12986
      View Details

    FAQs

    What type of property is this?
    Hotel - Shovel-ready 44-room hotel project in the heart of Adirondacks.
    Where is this hotel located?
    The property is located at 129 Park St Tupper Lake, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Shovel-ready project: Approved and ready for construction, significantly reducing development time.; - 44-room boutique hotel: Addresses the need for additional hospitality services in a growing tourism market.; - Prime location: Situated on NYS Routes 3 & 30, offering high visibility and accessibility within the Adirondack Park.
    (518) 524-6199
    Request Owner's contact information
    129 Park St Tupper Lake, NY 12986
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    129 Park St
    Tupper Lake, NY 12986
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    129 Park St Tupper Lake, NY 12986
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kathryn Bencze
    Kathryn Bencze
    Real Estate License ID: 10401238587
    (518) 524-6199
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.