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Boutique Hotel with Dining
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For Sale
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963 Friends Lake Rd, Chestertown, NY 12817

Seventeen individually decorated guest rooms pair with two dining venues and grounds designed for weddings and private events.

Property SizeContact for details
Days on Market7

Property Features for 963 Friends Lake Rd

General Information

Standard status Active
Property subtype Hospitality, Land, Business for Sale

Additional Details

Patio Yes

Amenities

fireplaces
Jacuzzi tubs
slipper tubs
whirlpool tubs
steam showers
private balconies
porches
separate entrances
wine cellar
landscaped gardens
wedding lawn
stream
waterfall
spring-fed pond
footbridge
signature willow tree
outdoor fireplaces
lake access
Adirondack forest trails
kayaks
snowshoes
Listing Agency: Muroff Hospitality Group
Listed By: Mitchell B. Muroff · License #132350
Source: Crexi
Added: Sep 11 Changed: Sep 16 Last Checked: Sep 16 at 2:37PM

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 Muroff Hospitality Group

Investment Insights

Based on property information with market context.

Friends Lake Inn is a historic hospitality property with 17 individually decorated guest rooms and suites, including accommodations with fireplaces, specialty bathing features, balconies, porches, and separate entrances. Built in the 1860s, the inn includes a formal dining room with an original tin ceiling and fireplace, Birch Bistro, a wine cellar, and established restaurant operations. The grounds feature landscaped gardens, a wedding lawn, flowing stream, waterfall, spring-fed pond, footbridge, outdoor fireplaces, lake access, forest trails, kayaks, and snowshoes.

The property accommodates weddings and private gatherings of approximately 50 guests, with ceremony and reception settings that include the lawn, garden arbor, bridge, dining areas, bistro, and patio. Located at 963 Friends Lake Road in Chestertown, New York, the inn is approximately 20 minutes from Gore Mountain and approximately 90 minutes from Albany via Interstate 87. The Lake George region is also nearby.

Key Highlights

  • 17 guest rooms and suites with individually styled accommodations
  • Built in the 1860s with historic dining room, original tin ceiling, and wood‑burning fireplace
  • Birch Bistro, restaurant operation, wine cellar, and wine program on site

Property Analytics

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Current Use

Friends Lake Inn Hotel & Motel

Suggested Use

Top Pick Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby

Demographics for 12817, NY

2,142
Population
2,115
Households
1
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
42
Density / Sq Mi
$90,469
Median Household Income
$37,425
Median Earnings
$876
Median Rent
$304,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Hotel - Seventeen individually decorated guest rooms pair with two dining venues and grounds designed for weddings and private events.
Where is this hotel located?
The property is located at 963 Friends Lake Rd Chestertown, NY.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 17 guest rooms and suites with individually styled accommodations; Built in the 1860s with historic dining room, original tin ceiling, and wood‑burning fireplace; Birch Bistro, restaurant operation, wine cellar, and wine program on site
(617) 610-7774 Call to check price and availability
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