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
    The Largest CRE Database in the US with Over 1 Million Listings

    2354 Rt 9N Lake George, NY 12845

    Sponsored
    For Sale
    $3,499,999

    Commercial Business - Lake George, NY

    Lot size:
    5.82 Acres
    Days on Market:
    26
    Last Refresh:
    Jan 30 at 2:06 pm

    Property Features for 2354 Rt 9N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    522289 264-0002-019
    Parking features
    Garage
    Pool private
    1
    Exterior features
    Pool Building, Pool
    Lot size
    5.82 Acres

    Utilities

    Heating system
    Oil, Propane (Heating)

    Building Details

    Year built
    1970
    Year renovated
    1970
    Architectural style
    Other

    We can help!

    Listing Contact
    Wayne Hartard

    EXP REALTY

    Listing agent Wayne Hartard (888) 276-0630

    Listing date Jan 5, 2026

    MLS# 11582866 Listing URL

    Copyright © 2026 My State 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

    Lake George Resort & Cottages

    Kathy's Resort & Cottages is situated on over 5 acres of grounds. This family-run resort includes 18 total units, featuring a 2,500 sq. ft. main house with private living quarters and office, 8 A-frame chalets, and 9 housekeeping apartments. Each unit is equipped with modern kitchens and updated baths with tubs and showers. Resort amenities include a 20'x40' heated in-ground pool, picnic tables, gas grills, a park, ping pong table and open space for recreation, and ample parking. The property is located on the south end of Lake George Village, 3 minutes from the lake, shops, restaurants, and local attractions, and a short drive to West Mountain, Gore Mountain, and Adirondack outdoor activities. The resort has a history of summer and winter rental income and a loyal clientele.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Lake George
    County
    Warren
    State
    New York
    Longitude
    -73.717384
    Latitude
    43.400065

    Nearby Similar for Sale

    • $1,950,000
      2,996 SF

      Lake George Seasonal Rental Property

      Established rental property with cabins and main house near Lake George.
      3041 Lake Shore Dr, Lake George, NY 12845
      View Details
    • $1,950,000
      5.67 Acres

      Lake George Seasonal Rental Property

      Established seasonal rental property near Lake George with expansion potential.
      3041 Lake Shore Dr, Lake George, NY 12845
      View Details
    • $785,000
      1,124 SF

      Remodeled Home Steps From Lake

      Turn-key, 4-bedroom home near Lake George Village.
      75 Mcgillis Ave, Lake George, NY 12845
      View Details
    • $319,000
      2,900 SF

      Established Liquor Store Business Opportunity

      Profitable liquor store business in a high-traffic shopping center.
      10 Lg Plaza Rd, Lake George, NY 12845
      View Details
    • $4,495,000
      13,000 SF

      Lake George Investment Opportunity

      Prime commercial property with established restaurant and development potential.
      320 Amherst St, Lake George, NY 12845
      View Details
    • $1,495,000
      2,406 SF

      New Luxury Townhouse at Hearthstone

      Brand new luxury townhouse with fine details and open floor plan.
      3259 Lake Shore Dr, Lake George, NY 12845
      View Details
    • $1,295,000
      2,406 SF

      New Luxury Townhouse at Hearthstone

      Brand new luxury townhouse with fine details and open floor plan.
      3259 Lake Shore Dr, Lake George, NY 12845
      View Details
    • $2,544,300
      9,000 SF

      Lake George Retail Opportunity

      Retail property for sale in Lake George, New York.
      22 Amherst St, Lake George, NY 12845
      View Details
    • $484,200
      1,748 SF

      Retail Property in Lake George

      Retail property available for sale in Lake George, NY.
      326 Canada St, Lake George, NY 12845
      View Details
    • $899,100
      2,559 SF

      Retail Property in Lake George

      Retail property available for sale in Lake George, NY.
      320 Canada St, Lake George, NY 12845
      View Details
    • $10,500,000
      154,724 SF

      Lake George Ranch Resort

      Luxury Adirondack Resort, 274 Acres
      2206 Ny-9N Scenic, Lake George, NY 12845
      View Details
    • $2,700,000
      16,600 SF

      Lake George Motel - Prime Location

      50-key Wyndham franchise, high ROI potential
      439 Canada St, Lake George, NY 12845
      View Details

    FAQs

    What type of property is this?
    Resort - Family-run resort with 18 units on 5+ acres.
    Where is this resort located?
    The property is located at 2354 Rt 9N Lake George, NY.
    What is the asking price?
    The asking price for this property is $3,499,999.
    What are key features of this property?
    This property features: - Established resort with 18 units (main house, chalets, apartments) on 5 acres.; - Excellent cash flow potential with proven summer and winter rental income and repeat clientele.; - Prime location: just 3 minutes to Lake George Village, close to attractions, restaurants, and ski mountains.
    (631) 708-5249
    Request Owner's contact information
    2354 Rt 9N Lake George, NY 12845
    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.
    2354 Rt 9N
    Lake George, NY 12845
    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
    2354 Rt 9N Lake George, NY 12845
    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
    Wayne Hartard
    (631) 708-5249
    Learn more
    Google sign-in failed. Please try again or use another login method.