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    OFF-MARKET
    Retail properties & Spaces

    2401 St Hwy, Caroga Lake, NY 12032

    4,418 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 2401 St Hwy 10 in Caroga Lake, NY 12032, presents a unique investment opportunity. The 4,418 square foot building sits on a substantial 40,946 square foot lot, offering ample space for both indoor and outdoor operations. Currently configured as a tavern and restaurant, the property boasts a prime waterfront location on East Caroga Lake, providing stunning views and direct access for water activities like kayaking and canoeing. The property's strategic location in the heart of the Adirondack Mountains attracts a diverse clientele year-round. During the winter months, it serves as a popular destination for snowmobilers seeking a cozy respite. In warmer months, the outdoor patio, complete with fire pits, creates a vibrant atmosphere for al fresco dining. The property also includes a billiards room, adding to its appeal and entertainment options. Its proximity to Sherman's provides additional opportunities for synergistic entertainment experiences. The ample seating capacity ensures comfortable accommodation for a large number of patrons. This turnkey business offers an established clientele and the potential for significant growth. The asking price for this remarkable property is $420,000. This is a rare chance to own a thriving lakeside business with significant potential in a highly desirable location.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 4,418 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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