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    OFF-MARKET
    Office buildings

    2910 Lk Moraine Rd, Hamilton, NY 13346-3112

    9.28 ac lot
    Individually Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US63-2655023
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Lot 9.28 ac (404,237 SF)
    APN 254089 138.14-1-16
    UPID US63-2655023
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • White Eagle Banquet & Conference Center Conference Center Trade Show Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Wesley E Wendt SR. · 8 yrs held
    Wesley E Wendt SR.
    since 2017
    2 recorded transactions
    2017
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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