2910 Lk Moraine Rd Hamilton, NY 13346-3112
- Office buildings
- 9.28 lot acres
Current Use by Public Records
- White Eagle Banquet & Conference Center / Conference Center
Property Details for 2910 Lk Moraine Rd
- Lot size
- 9.28 lot acres
- Property type
- Office buildings
- APN
- 254089 138.14-1-16
- APU
- 25408913814116
Description
The Grove at Lake Moraine, located at 2910 Lake Moraine Rd, Hamilton, NY 13346, presents a unique investment opportunity. This mixed-use property encompasses approximately 9.3 acres with 475 feet of Lake Moraine frontage, offering stunning lake views and recreational opportunities. The property features 26 buildings, including charming cabins housing 51 guest rooms, each equipped with private baths, two double beds, cable TV, WiFi, and climate control. A full-service restaurant within the main lodge provides dining options with both indoor and outdoor seating. Recreational amenities include a game room (Tepee Room) with a bowling alley, and a spacious conference center suitable for corporate events or private functions. A cozy fireplace room with a bar offers a relaxing atmosphere. Ample parking is available with over 20 carports. The property boasts a permitted zoning of COM 1 and was built in 1967. The total square footage is between 30,000 and 35,000 square feet. The asking price is $2,825,000. This established lakeside retreat presents a compelling opportunity for a variety of uses, capitalizing on its prime location and existing infrastructure. The property includes 25 keys.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $300,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $300,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $260,000
- Mixed-Use
- $325,000
- Hospitality
- $265,000
- Educational
- $330,000
- Residential Income
- $295,000
- Energy
- $295,000
- Income-Based Land
- $345,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Hamilton
- County
- Madison
- State
- New York
- Longitude
- -75.5231
- Latitude
- 42.8556
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA