2401 St Hwy, Caroga Lake, NY 12032
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.