This Hospitality Property is no longer advertised on LoopNet.com.

2302 Saranac Ave
Lake Placid, NY 12946
The Pines Of Lake Placid · Hospitality Property For Sale · 41,541 SF

INVESTMENT HIGHLIGHTS

  • Lake Placid is one of the most beloved leisure destinations in the Northeast
  • Acquire an iconic property at a great price; transform it into a boutique hotel
  • Four season fun! Swimming, skiing, shopping, hiking, restaurants, museums
  • Rare development opportunity! Add 3 floors for a total of 74 guestrooms!
  • Strong operating forecast post renovation in high barrier to enter market
  • Great opportunity for an experienced hotelier or an entrepreneurial buyer

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.12 AC
Building Size 41,541 SF
No. Stories 5
Year Built/Renovated 1907/2011
Parking Ratio 1.13/1,000 SF
Corridor Interior

AMENITIES

  • Fitness Center
  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Meeting Event Space
  • Public Access Wifi
  • Hot Tub

PROPERTY TAXES

ZONING

Zoning Code 05 (Hotel)
  • Listing ID: 28639290

  • Date on Market: 6/2/2023

  • Last Updated:

  • Address: 2302 Saranac Ave, Lake Placid, NY 12946