Turnkey Bar and Tavern
For Sale
$3,250,000
320 Canada Street, Lake George, NY 12845
COMMERCIAL - Lake George, NY
Property Size13,000 SF
Lot Size0.60 Acres
Price / SF$250
Days on Market3160
Property Features for 320 Canada Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
40
Basement
Full
Accessibility
Accessible Approach with Ramp
Elementary school
Lake George
High school
Lake George
Elementary school district
Lake George
Middle school district
Lake George
High school district
Lake George
Directions
Rt 87 north to exit 21 right to Rt 9,left on Rt 9 north to Village of Lake George on Corner of Canada St & Amherst
Standard status
Active
APN
522201 251.14-3-37
Size
13,000 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Annual Amount
27727
Utilities
Heating system
Baseboard
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Building materials
Wood Siding
Listing Agency:
Howard Hanna Capital Inc
(518) 489-1000
Listed By:
Charles Curto · License #10301206236
(518) 669-4356
Added: Dec 7, 2017
Changed: Jul 24
Last Checked: Aug 2 at 12:06PM
MLS# 201723485
Copyright © 2026 Global MLS, Inc. 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 turnkey offering includes a bar, tavern, and restaurant operating as Duffy’s Tavern, presented as a complete package with the business, the real estate, and the parking lot. The property is described as fully equipped and operational.
The sale includes two parcels: 22 Amherst Street and 320 Canada Street. The property is located steps from the lake, with seasonal demand described as driving higher foot traffic.
Financial information in the remarks notes a reconstructed 2025 income of $600,701 and a debt coverage ratio of 1.65, stated as above lender minimums. Additional income streams are noted as not yet captured in the provided financials. Qualified buyers only; financial details require an NDA.
The sale includes two parcels: 22 Amherst Street and 320 Canada Street. The property is located steps from the lake, with seasonal demand described as driving higher foot traffic.
Financial information in the remarks notes a reconstructed 2025 income of $600,701 and a debt coverage ratio of 1.65, stated as above lender minimums. Additional income streams are noted as not yet captured in the provided financials. Qualified buyers only; financial details require an NDA.
Key Highlights
- Includes Duffy's Tavern bar, tavern & restaurant plus the real estate and parking lot
- Sale includes two parcels: 22 Amherst Street and 320 Canada Street
- Reconstructed 2025 income shown as $600,701 with a 1.65 debt coverage ratio (above lender minimums)
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $234.0k | $18.00 |
| − Vacancy | −$9.8k | −$0.76 |
| EGI | $224.2k | $17.24 |
| − OpEx | −$56.0k | −$4.31 |
| NOI | $168.1k | $12.93 |
13,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,129 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,376 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Courtyard Lake George
Hotels & Casinos
5,524 visits/mo
0.1 miles
Quality Inn Lake George
Hotels & Casinos
204 visits/mo
0.4 miles
Demographics for 12845, NY
4,873
Population
3,441
Households
1.4
Avg Household Size
52
Median Age
37%
College-Educated
94%
High-School Grad
45.0 sq mi
ZIP Area
108
Density / Sq Mi
$95,583
Median Household Income
$50,000
Median Earnings
$1,064
Median Rent
$371,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- DJ's Nite Club — 89 Canada St, Lake George, NY 12845
- Polar Ice Bar - Fort William Henry Hotel — 48 Canada St, Lake George, NY 12845
- The Tankard Tavern — 48 Canada St, Lake George, NY 12845
- Alif Cafe on the Lake George Beach — 28 Beach Rd, Lake George, NY 12845
- Lake George Music Festival — 48 Canada St, Lake George, NY 12845
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped and operational bar, tavern, and restaurant offered with real estate and parking.
Where is this bar & pub located?
The property is located at 320 Canada Street Lake George, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Includes Duffy's Tavern bar, tavern & restaurant plus the real estate and parking lot; Sale includes two parcels: 22 Amherst Street and 320 Canada Street; Reconstructed 2025 income shown as $600,701 with a 1.65 debt coverage ratio (above lender minimums)
