129 Park St Tupper Lake, NY 12986-1720
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.