Lodge with Two
For Sale
$1,340,000
746 Howe Road, Lake Luzerne, NY 12846
Two cabins on one parcel, with a lodge offering a commercial kitchen and accessible bathroom for flexible use.
Property Size5,780 SF
Price / SF$231.83
Days on Market136
Property Features for 746 Howe Road
General Information
Standard status
Active
Size
5,780 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Building Details
Building Size
5,780 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Jun 12
Changed: Oct 13
Last Checked: Oct 24 at 1:28PM
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 Pyramidbrokerage
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Investment Insights
Based on property information with market context.
This offering includes two cabins on a single parcel. The main lodge features a handicapped accessible bathroom and a commercial kitchen, supporting a wide range of hospitality uses. The property also includes a basement bar with “Bob Dylan” scratched into the surface, adding a distinctive interior detail for events or guest stays.
The setting is in Lake Luzerne, where the area is described as busy year-round with activities such as boating, camping, tubing, snowmobiles, skiing, cross-country skiing, and fishing. The listing also notes the property is approximately 7 miles from Lake George Village.
For buyers looking for flexibility, the main lodge is positioned to function as more than a standard rental, with the commercial kitchen and accessible bath supporting uses such as a retreat, restaurant concept, or wedding venue. The property is described as having been formerly part of the Painted Pony Dude Ranch, and the listing states the site may be able to accommodate additional structures or a subdivision subject to site plan review. With two cabins already in place, the layout provides an option to live on-site while renting the other unit, depending on the buyer’s operating plan.
The setting is in Lake Luzerne, where the area is described as busy year-round with activities such as boating, camping, tubing, snowmobiles, skiing, cross-country skiing, and fishing. The listing also notes the property is approximately 7 miles from Lake George Village.
For buyers looking for flexibility, the main lodge is positioned to function as more than a standard rental, with the commercial kitchen and accessible bath supporting uses such as a retreat, restaurant concept, or wedding venue. The property is described as having been formerly part of the Painted Pony Dude Ranch, and the listing states the site may be able to accommodate additional structures or a subdivision subject to site plan review. With two cabins already in place, the layout provides an option to live on-site while renting the other unit, depending on the buyer’s operating plan.
Key Highlights
- Two cabins on one parcel, plus a main lodge designed for flexible use
- Main lodge includes a commercial kitchen and a handicapped‑accessible bathroom
- Hardwood, tile/ceramic tile, and carpet flooring; central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,200
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,000
$964.0K
Cap Rate 7%
$688,571
$688.6K
Cap Rate 9%
$535,556
$535.6K
Market Conditions
NOI Build-Up for 5,780 SF
Gross rent
$92.2K $15.96/SF
− Vacancy
−$4.6K −$0.80/SF
EGI
$87.6K $15.16/SF
− OpEx
−$39.4K −$6.82/SF
NOI
$48.2K $8.34/SF
Area
Warren County, NY
Vacancy
5.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,000
Cap Rate 7%
$688,571
Cap Rate 9%
$535,556
Alternative Uses
Best Use
Apartment 5plus
$688.6K
$602.5K – $803.3K
NOI $48,200 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,103 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
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Business Placement
Demographics for 12846, NY
3,008
Population
2,338
Households
1.3
Avg Household Size
51
Median Age
26%
College-Educated
90%
High-School Grad
53.7 sq mi
ZIP Area
56
Density / Sq Mi
$47,449
Median Household Income
$41,500
Median Earnings
$942
Median Rent
$197,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - Two cabins on one parcel, with a lodge offering a commercial kitchen and accessible bathroom for flexible use.
Where is this short term rental property located?
The property is located at 746 Howe Road Lake Luzerne, NY.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: Two cabins on one parcel, plus a main lodge designed for flexible use; Main lodge includes a commercial kitchen and a handicapped‑accessible bathroom; Hardwood, tile/ceramic tile, and carpet flooring; central air cooling
