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    439 Canada St Lake George, NY 12845

    For Sale
    $2,700,000

    50-key Wyndham franchise, high ROI potential

    Property size:
    16,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 50-key Baymont by Wyndham motel in Lake George, NY, presents a lucrative investment opportunity. Boasting 16,600 square feet across three buildings on a 1.02-acre lot, this property offers a mix of interior and exterior corridor guest rooms, all conveniently accessible via an elevator. Built in phases (1957, 1974, 1989, 1993) and extensively renovated in 2022, the motel features amenities including indoor and outdoor swimming pools, free parking, a breakfast/conference room, free Wi-Fi, and a 24/7 front desk. Each of the 50 non-smoking guest rooms includes mountain views, a flat-screen HDTV, mini-refrigerator, coffee/tea maker, and more. The property also includes guest laundry facilities, event space, and pet-friendly rooms. A significant advantage is the spacious three-bedroom owner's apartment located above the reception area, ideal for owner-operators. The motel benefits from its prime location in America's first vacation spot, near popular attractions like Million Dollar Beach, Six Flags Great Escape, and the Aviation Mall, making it an attractive destination for leisure and business travelers. The asking price is $2,700,000, with a price per square foot of $162.65. This established Wyndham franchise offers the support of a global hotel company, promising strong potential for increased revenue and return on investment. The property is zoned for commercial use and is conveniently located off US-9, 54 miles from Albany International Airport.

    Property Features for 439 Canada St

    General Information

    Property type
    Motels
    Square Feet
    16,600 SF
    Lot Size
    44,431 SF

    Building Details

    Year Renovated
    2022
    Buildings
    3
    Stories
    3

    HighLights

    • Prime location in America's first vacation destination.
    • Established franchise ideal for leisure and business travelers.
    • Features indoor and outdoor swimming pools, close to beaches.
    • Significant revenue growth potential with on‑site management.
    • Exceptional hotel investment opportunity for seasoned or aspiring hoteliers.
    • Spacious owner/manager apartment above the reception area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Baymont by Wyndham ... Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake George
    County
    Warren
    State
    New York
    Longitude
    -73.7131227
    Latitude
    43.4312071

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    FAQs

    What type of property is this?
    Motel - 50-key Wyndham franchise, high ROI potential
    Where is this motel located?
    The property is located at 439 Canada St Lake George, NY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Prime location in America's first vacation destination.; Established franchise ideal for leisure and business travelers.; Features indoor and outdoor swimming pools, close to beaches.
    Request Owner's contact information
    439 Canada St Lake George, NY 12845
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    439 Canada St Lake George, NY 12845
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