Property profile

439 Canada St Lake George, NY 12845

OFF-MARKET
Motels
Property ID
US63-4577831
12,840 SF 0.44 ac lot Built 1993
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 50-key Baymont by Wyndham motel in Lake George, NY, presents a lucrative investment opportunity. Boasting 16,600 square feet across three buildings on a 1.02-acre lot, this property offers a mix of interior and exterior corridor guest rooms, all conveniently accessible via an elevator. Built in phases (1957, 1974, 1989, 1993) and extensively renovated in 2022, the motel features amenities including indoor and outdoor swimming pools, free parking, a breakfast/conference room, free Wi-Fi, and a 24/7 front desk. Each of the 50 non-smoking guest rooms includes mountain views, a flat-screen HDTV, mini-refrigerator, coffee/tea maker, and more. The property also includes guest laundry facilities, event space, and pet-friendly rooms. A significant advantage is the spacious three-bedroom owner's apartment located above the reception area, ideal for owner-operators. The motel benefits from its prime location in America's first vacation spot, near popular attractions like Million Dollar Beach, Six Flags Great Escape, and the Aviation Mall, making it an attractive destination for leisure and business travelers. The asking price is $2,700,000, with a price per square foot of $162.65. This established Wyndham franchise offers the support of a global hotel company, promising strong potential for increased revenue and return on investment. The property is zoned for commercial use and is conveniently located off US-9, 54 miles from Albany International Airport.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1993
Total area 12,840 SF
Lot 0.44 ac (19,166 SF)
Zoning code 05 - COMMERCIAL
APN 522201 251.14-2-38
UPID US63-4577831

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

439 Canada St Lake George, NY 12845-1114
Lake George metro Census 72001 GLENS FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$792k
Blend (final) Blend
$1.08M

Owner & transaction history

Zoning & alternative use

05 - COMMERCIAL · Lake George, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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