Property profile

325 Nys Rte Ticonderoga, NY 12883

OFF-MARKET
Specialty properties
3,752 SF 1 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Specialty properties
Total area 3,752 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

325 Nys Rte Ticonderoga, NY 12883
Ticonderoga 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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