61-Room Hotel with Indoor
New
For Sale
$4,750,000
5828 Cascade Road, Lake Placid, NY 12946
Commercial Sale, Lake Placid, NY
Property Size47,568 SF
Lot Size1.51 Acres
Price / SF$99.86
Days on Market2
Property Features for 5828 Cascade Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Guest, Parking Lot
Basement
Finished
Directions
From the Village of Lake Placid, take NYS Route 73 (Cascade Road) . Continue approximately 1.5 miles. The Rodeway Inn will be on your left
Standard status
Active
APN
42.66-8-8.000
Size
47,568 SF
Lot size
1.51 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
22371
Utilities
Sewer type
Public Sewer, Private Sewer
Heating system
Electric (Heating), Baseboard
Cooling system
Multi Units
Water source
Public
Amenities
indoor swimming pool
hot tub
Building Details
Year built
1978
Floors in Building
2
Flooring type
Carpet, Tile
Building materials
Wood Siding
Roof type
Metal, Asphalt
Listing Agency:
Merrill L. Thomas, Inc.
(518) 523-2519
Listed By:
Marie Wigger Morgan
(518) 524-6757
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 11:06PM
MLS# 208698
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.
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Investment Insights
Based on property information with market context.
Operating as a hotel, this 61-room property also includes two apartments. The building measures 47,568 square feet and sits on 1.51 acres. An indoor swimming pool, hot tub, and guest parking are among the on-site amenities. The property was built in 1978 and is zoned Commercial.
The hotel is located on Route 73 in Lake Placid, with access to downtown, Mirror Lake, the Olympic Ski Jumping Complex, and Whiteface Mountain. The surrounding area draws visitors for skiing, hiking, sporting events, and other year-round recreation.
The hotel is located on Route 73 in Lake Placid, with access to downtown, Mirror Lake, the Olympic Ski Jumping Complex, and Whiteface Mountain. The surrounding area draws visitors for skiing, hiking, sporting events, and other year-round recreation.
Key Highlights
- 61‑room hotel with two apartments
- 47,568 square feet on 1.51 acres
- Indoor swimming pool and hot tub
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Hotel - An established lodging property includes two apartments and on-site parking.
Where is this hotel 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: 61‑room hotel with two apartments; 47,568 square feet on 1.51 acres; Indoor swimming pool and hot tub
