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5 Canada St
Lake George, NY 12845
Lake View Inn Lake George · Hospitality Property For Sale · 22 Rooms
Investment Highlights
- Heavy traffic count
- Great location walking distance to public beach, public boat launch, all shops and restaurants
- Lake George village
PROPERTY FACTS
Amenities
- High Speed Internet Access
- Public Access Wifi
About 5 Canada St , Lake George, NY 12845
Great starter hotel or to add to your portfolio! This property practically runs itself. Fully renovated Lake View Inn is comprised of 22 rooms. There is a 1 bedroom manager's apartment with full kitchen attached to the office (option to turn it into a 2 bedroom manage'rs apartment). New roof, new parking lot, all electrical and plumbing has been replaced, split system units to all rooms to provide both air conditioning and heat so if you wanted to run the hotel during the winter months you can, two storage rooms, and a laundry room. All rooms come with a microwave, mini fridge, LED TVs, vinyl flooring, new energy efficient windows, and tile bathrooms with bathtubs. Currently operated from mid May to mid September. Runs about 85% occupancy during the summer season, rates are $179-$199 a night on the weekends (Thurs-Sat nights) If you were to open on the weekends only during February (winter carnival) you can make an extra $10,000 that month.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $83.00 | - |
PROPERTY TAXES
| Parcel Number | 522289-264-006-0003-028-000-0000 | Improvements Assessment | $337,100 |
| Land Assessment | $137,900 | Total Assessment | $475,000 |
PROPERTY TAXES
zoning
| Zoning Code | 05-COMME |
| 05-COMME |
Learn More About Investing in Hospitality Properties
