Motel with Paved Guest
New
For Sale
$4,750,000
5828 Cascade Road, Lake Placid, NY 12946
Finished interiors, electric baseboard heat, and paved guest parking serve the multi-unit property.
Property Size47,568 SF
Days on Market5
Property Features for 5828 Cascade Road
General Information
Standard status
Active
Size
47,568 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$22,371
Amenities
Apartments, Hotel/Motel
Multi Units
Baseboard, Electric
Finished
Guest, Paved, Parking Lot
Building Details
Building Size
47,568 SF
Year Built
1978
Stories
2
Listing Agency:
Merrill L. Thomas, Inc.
Listed By:
Marie Wigger Morgan
(518) 524-6757
Source:
Evrealestate
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 4 at 12:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Merrill L. Thomas, Inc.
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Investment Insights
Based on property information with market context.
This multi-unit motel, built in 1978, has finished interiors, electric baseboard heat, and a paved parking area for guests. It is located on Cascade Road, approximately 1.5 miles from the Village of Lake Placid along NYS Route 73.
Key Highlights
- Multi‑unit motel built in 1978
- Paved guest parking lot
- Finished interiors with electric baseboard heat
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Well-served
Demand for This Use
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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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Similar Off Market Nearby
- The Lake Placid Stagecoach Inn — 3 Stage Coach Way, Lake Placid, NY 12946
- Carriage House Motor Inn — 5825 Cascade Rd, Lake Placid, NY 12946
- Rodeway Inn — 5828 Cascade Rd, Lake Placid, NY 12946
- Lake Placid — 5828 Cascade Rd, Lake Placid, NY 12946
- Prague Motor Inn — 6048 Sentinel Rd, Lake Placid, NY 12946
Frequently Asked Questions
What type of property is this?
Motel - Finished interiors, electric baseboard heat, and paved guest parking serve the multi-unit property.
Where is this motel located?
The property is located at 5828 Cascade Road Lake Placid, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Multi‑unit motel built in 1978; Paved guest parking lot; Finished interiors with electric baseboard heat
