Property profile

2401 St Hwy Caroga Lake, NY 12032

OFF-MARKET
Retail properties & Spaces
4,418 SF
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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

Location

2401 St Hwy Caroga Lake, NY 12032
Caroga Lake metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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