30-Room Hotel
For Sale
$2,195,000
1970 Saranac Avenue, Lake Placid, NY 12946
Commercial Sale, Lake Placid, NY
Property Size14,663 SF
Lot Size3.10 Acres
Price / SF$149.70
Days on Market68
Property Features for 1970 Saranac Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
14,663 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Annual Amount
10814
Building Details
Year built
1900
Listing Agency:
Landvest, Inc.
(518) 576-2297
Listed By:
Matthew Preston Smith
(203) 988-5386
Added: Jul 6
Changed: Sep 4
Last Checked: Sep 11 at 11:06AM
MLS# 207780
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.
Investment Insights
Based on property information with market context.
This operating lodging property includes 30 rooms distributed among multiple buildings totaling 14,663 square feet. The site encompasses 3.1 acres and is currently functioning as a lodging business, providing an existing hospitality operation alongside substantial land area.
Located at 1970 Saranac Avenue in Lake Placid, the property occupies a prominent position with visibility from Route 86 and views toward Whiteface Mountain. The site is positioned at the western gateway to the Village of Lake Placid and offers a setting that can accommodate continued lodging use or redevelopment concepts identified in the property information, including a new hotel, resort, workforce housing, or mixed-use project.
Located at 1970 Saranac Avenue in Lake Placid, the property occupies a prominent position with visibility from Route 86 and views toward Whiteface Mountain. The site is positioned at the western gateway to the Village of Lake Placid and offers a setting that can accommodate continued lodging use or redevelopment concepts identified in the property information, including a new hotel, resort, workforce housing, or mixed-use project.
Key Highlights
- 30‑room lodging property across multiple buildings
- 14,663 square feet of existing property improvements
- 3.1‑acre site at 1970 Saranac Avenue, Lake Placid, NY 12946
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 12946, NY
5,217
Population
3,923
Households
1.3
Avg Household Size
46
Median Age
46%
College-Educated
94%
High-School Grad
137.2 sq mi
ZIP Area
38
Density / Sq Mi
$78,261
Median Household Income
$38,845
Median Earnings
$982
Median Rent
$443,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Operating lodging asset with mountain views, Route 86 visibility, and redevelopment-scale land area.
Where is this hotel located?
The property is located at 1970 Saranac Avenue Lake Placid, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 30‑room lodging property across multiple buildings; 14,663 square feet of existing property improvements; 3.1‑acre site at 1970 Saranac Avenue, Lake Placid, NY 12946
