129 Park St Tupper Lake, NY 12986
- Commercial land
- 0.08 lot acres
Current Use by Public Records
- Commercial land
Property Details for 129 Park St
- Lot size
- 0.08 lot acres
- Property type
- Commercial land
- APN
- 162001 490.59-4-13
- APU
- 16200149059413
Description
This exceptional investment opportunity presents a fully approved, shovel-ready plan for a 44-room boutique hotel in the heart of the Adirondack Park, Tupper Lake, NY. Located on a 1.18-acre lot at 129 Park St, this prime location boasts high visibility along NY Routes 3 & 30, ensuring significant exposure to tourists traveling through the Adirondack region. The proposed "Classic Adirondack" style hotel will feature a bar and restaurant, a meeting room, and a fitness area, catering to the growing tourism industry and addressing the current need for additional hospitality services in the area. The project's total square footage is 29,448 square feet, and it's designed to provide a much-needed amenity for visitors. The project has already secured necessary approvals and is poised for immediate construction. Furthermore, there's potential for public funding assistance to further enhance the project's financial viability. Detailed plans are available upon request for serious buyers. This is a unique chance to capitalize on the thriving Adirondack tourism market and establish a significant presence in this desirable location. The asking price for this exceptional development opportunity is $1,150,000. Don't miss this chance to own a piece of the Adirondack experience.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tupper Lake
- County
- Franklin
- State
- New York
- Longitude
- -74.464
- Latitude
- 44.2242
- CBSA code
- 31660
- CBSA name
- MALONE, NY MICROPOLITAN STATISTICAL AREA
