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    325 Nys Rte Ticonderoga, NY 12883

    For Sale
    $395,000

    Lakefront Restaurant, 3,752 SF, 1 Acre

    Property size:
    3,752 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional property, located at 325 NYS Route 22 in Ticonderoga, NY 12883, presents a unique investment opportunity. The 3,752 square foot building, situated on a one-acre lot, boasts a rich history, having served as a restaurant and tavern for over a century. Established in 1837, the Ft View Restaurant has operated continuously for 33 years. The main level features a restaurant with seating for approximately 62 patrons, plus bar seating for 8, and a fully equipped commercial kitchen including an ANSEL system (regularly inspected), storage room, and walk-in cooler. The upper levels offer significant potential. The third floor includes a two-bedroom apartment with a full bath, laundry room, and living room (suitable for office space). The fourth floor offers additional rooms ready for renovation. Historically used as a boarding house, these spaces could be converted into additional residential units, expanding the property's income potential. The property enjoys breathtaking views of Lake Champlain, Mount Independence in Vermont, and Fort Ticonderoga. The current owner is willing to assist with a smooth transition. This is a rare chance to acquire a piece of Ticonderoga's history with significant upside potential.

    Property Features for 325 Nys Rte

    General Information

    Property type
    Land
    Square Feet
    3,752 SF
    Lot Size
    43,560 SF

    HighLights

    • $395,000 asking price.
    • 1‑acre lot with 3,752 square feet of building space.
    • Special purpose property, currently operating as a restaurant.
    • Established restaurant business, operating for 33 years in a historic building (built in 1837).
    • Features a full commercial kitchen, walk‑in cooler, and seating for approximately 62 guests.
    • Upper levels offer potential for residential conversion or additional commercial space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ticonderoga
    County
    Essex
    State
    New York
    Longitude
    -73.4002575
    Latitude
    43.8280583

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    FAQs

    What type of property is this?
    Land - Lakefront Restaurant, 3,752 SF, 1 Acre
    Where is this land located?
    The property is located at 325 Nys Rte Ticonderoga, NY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: $395,000 asking price.; 1-acre lot with 3,752 square feet of building space.; Special purpose property, currently operating as a restaurant.
    Request Owner's contact information
    325 Nys Rte Ticonderoga, NY 12883
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    Ticonderoga, NY 12883
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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
    325 Nys Rte Ticonderoga, NY 12883
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