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Individually Owned Property summary
This exceptional opportunity presents the acquisition of Mario's Restaurant of Lake George, a thriving Italian-American establishment celebrating its 70th year of operation. Located at 429 Canada St, Lake George, NY 12845, this free-standing, three-story building boasts 5,630 square feet of net rentable space situated on a .41-acre lot (17,859 sq ft). The property, built in 1954 and extensively renovated in 2022, is zoned for commercial use and includes a main dining room, terrace dining… room, cozy bar, and a state-of-the-art stainless-steel kitchen. A full dry basement provides ample storage, refrigeration, and a commercial laundry. The building also features a spacious three-bedroom owner's apartment and office above the restaurant, offering convenient live-above-the-store living. Currently operating at 100% occupancy, Mario's enjoys a strong reputation among locals and tourists alike, benefiting from its prime location in Lake George Village with ample parking. The asking price is $2,395,000, representing a 10% cap rate. This turnkey operation presents a rare chance to own a well-established, profitable restaurant with significant potential for growth. The current owners are retiring after decades of dedicated service, creating an opportunity for a new owner to build upon the restaurant's legacy and introduce fresh ideas while maintaining its cherished place in the community. The restaurant features a full liquor license and offers a diverse menu of Italian and American cuisine.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,698 SF
- Lot area
- 0.41 ac
- Year built
- 1950
- Stories
- 2
- APN
- 522201 251.14-2-36
- Assessed value · 2023
- $570,000
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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