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Restaurant and Cottage Property
For Sale
$989,000

581 U.S Route 9, Schroon Lake, NY 12870

Commercial Sale, Schroon Lake, NY

Property Size4,164 SF
Lot Size4.31 Acres
Price / SF$237.51
Days on Market236

Property Features for 581 U.S Route 9

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 5
Parking 35
Directions I87 to Exit 27, right off exit ramp. At stop sign take a left and #581 is about 2 miles up on the left.
Standard status Active
APN 154600 156.12-2-4.100
Size 4,164 SF
Lot size 4.31 Acres

Taxes and HOA fees

Tax Annual Amount 5907

Utilities

Sewer type Septic Tank
Heating system Forced Air
Cooling system Central Air
Water source Well

Building Details

Year built 1950
Floors in Building 2
Flooring type Hardwood
Building materials Wood Siding
Roof type Shingle
Architectural style Other
Additional Structures Outbuilding
Listing Agency: Julie & Co Realty LLC
Listed By: Angela Dross · License #10301222064
Added: Jan 16 Changed: Sep 4 Last Checked: Sep 9 at 7:06AM
MLS# 202610703

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 commercial hospitality property combines an operating restaurant with four cottages and a separate vacant lot across three parcels. The restaurant accommodates more than 325 guests, while the cottages feature lake views. The property measures 4,164 square feet on 4.31 acres and includes commercial zoning.

Located at 581 U.S. Route 9 in Schroon Lake, the property is minutes from the Adirondack Northway. Nearby recreational destinations include Schroon Lake beach, boat launches, hiking trails, and Gore Mountain. The improvements date to 1950 and include wood siding, hardwood flooring, forced-air heat, central air, a shingle roof, well water, and a septic tank.

Key Highlights

  • Restaurant seating for over 325 guests
  • Four cottages with lake views
  • 4.31 acres across three parcels

Property Analytics

Current Use

Conventional restaurants

Lease Details

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby
Well-served
Demand for This Use

Demographics for 12870, NY

1,652
Population
1,852
Households
0.9
Avg Household Size
54
Median Age
39%
College-Educated
97%
High-School Grad
98.4 sq mi
ZIP Area
17
Density / Sq Mi
$65,326
Median Household Income
$34,476
Median Earnings
$760
Median Rent
$255,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Includes a restaurant, four cottages, and a separate vacant lot.
Where is this conventional restaurant located?
The property is located at 581 U.S Route 9 Schroon Lake, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Restaurant seating for over 325 guests; Four cottages with lake views; 4.31 acres across three parcels
More about this property
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