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    5825 Cascade Rd Lake Placid, NY 12946

    Sponsored
    For Sale
    $1,700,000

    COMMERCIAL - Lake Placid, NY

    Property size:
    8,344 SF
    Lot size:
    1.10 Acres
    Days on Market:
    12
    Last Refresh:
    Jan 7 at 3:06 am

    Property Features for 5825 Cascade Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    42.74-4-11.000
    Parking
    21
    Appliances
    Ice Maker, Washer/Dryer, Water Heater
    Size
    8,344 SF
    Lot size
    1.10 Acres

    Utilities

    Heating system
    Zoned, Baseboard
    Cooling system
    Multi Units

    Building Details

    Year built
    1975
    Floors in Building
    2
    Building materials
    Wood Siding
    Roof type
    Asphalt

    Merrill L. Thomas, Inc. (518) 523-2519

    Listing agent Marie Wigger Morgan (518) 524-6757

    Listing date Dec 27, 2025

    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.

    Overview

    Lake Placid Hospitality Investment

    The Carriage House Motel presents a hospitality investment opportunity in Lake Placid. The property features 17 rooms along with a three-bedroom, two-bath home. Situated on Route 73, the motel is located minutes from Main Street, offering convenient access to Lake Placid's shops, dining options, and Olympic venues. The location benefits from tourism driven by outdoor recreation, international sporting events, and the natural beauty of the Adirondacks. Each guest room includes air conditioning, WiFi, refrigerators, and cable TV. Ample on-site parking is available. The motel caters to budget-conscious travelers, families, and groups. Its proximity to attractions such as the Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and the High Peaks Wilderness ensures consistent demand throughout the year. The property is situated on a 1.1-acre lot. The building has a size of 8344 square feet. This property offers investors the chance to own a hospitality asset in a mountain resort destination.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carriage House Motor ... Motel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Carriage House Motor Inn, The Lake Placid Stagecoach Inn, Prague Motor Inn, Rodeway Inn, Lake Placid

    Location Insight

    • Map
    • Local Demand
    City
    Lake Placid
    County
    Essex
    State
    New York
    Longitude
    -73.975489
    Latitude
    44.268847

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    FAQs

    What type of property is this?
    Motel - 17-room motel with a 3-bedroom home in Lake Placid.
    Where is this motel located?
    The property is located at 5825 Cascade Rd Lake Placid, NY.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Prime location in Lake Placid, near Main Street, Olympic venues, and Route 73.; - Hospitality investment opportunity with **17 motel rooms plus a separate three-bedroom residence.**; - Proximity to major attractions: Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and High Peaks Wilderness.
    (518) 524-6757
    Request Owner's contact information
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    Realmo Value Estimation

    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

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    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.

    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
    5825 Cascade Rd Lake Placid, NY 12946
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