2775 State Route 30, Tupper Lake, NY 12986
This exceptional investment opportunity presents a historic lodging establishment ideally situated on State Route 30, east of Tupper Lake, NY, in the heart of the Adirondack region. The property boasts 9 renovated cabins, each offering comfortable beds and private bathrooms, plus a main house with an additional one-room apartment. Spanning 1.05 acres, this 3,300 square foot property has been continuously operated since the 1930s, providing cozy, traditional Adirondack-style accommodations with modern amenities. Its prime location offers easy access to numerous attractions, including the Wild Center, Adirondack Sky Center, various restaurants and shops, and a wealth of outdoor recreational activities. Guests can enjoy hiking, fishing, boating, paddling, snowshoeing, cross-country skiing, and ice fishing, all within easy reach. The property's proximity to the Adirondack High Peaks, Raquette River, and St. Regis Canoe Area ensures a constant stream of visitors seeking a tranquil retreat surrounded by nature. This turnkey operation presents a unique chance to own a piece of Adirondack history and capitalize on the region's thriving tourism industry. The asking price is $425,000.
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
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Property description
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