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3873 Rte 9L

5,855 SF Retail Building Lake George, NY 12845 $1,499,000 ($256/SF)

Investment Highlights

  • Building completely gutted and renovated in 2019
  • A turnkey Restaurant with year-round opportunity
  • Fully-equipped Stainless Steel Kitchen, great condition
  • A fantastic community of loyal customers who frequently patronize the establishment
  • Great Location in Lake George, NY - plenty of parking
  • There is an option for a lease to purchase with a minimum duration of 1 year.

Executive Summary

This is an exceptional opportunity to own a turnkey restaurant in Lake George, NY that experiences high year-round traffic. The East Cove restaurant has been a successful business since 1968 and has established a loyal customer base over the years. The free-standing building boasts a spacious area of 5,855 sq ft and has undergone a recent, top-to-bottom renovation to create a beautiful fine dining establishment.
The restaurant can accommodate up to 124 guests and offers a range of amenities, including a main dining room, custom wine lockers, a spacious bar area with high-top dining, a fully-equipped kitchen and new walk-in cooler, four bathrooms, and office space. The main dining room is elegantly decorated with tasteful furnishings that creates a warm and inviting atmosphere. The custom wine lockers are perfect for wine collectors and provide an additional source of revenue for the restaurant.
The spacious bar area with high-top dining is perfect for those who want to enjoy a drink and meet locals. The bar features a state-of-the-art bar system that ensures quick and efficient service. The well-maintained kitchen is equipped with top-of-the-line appliances and is capable of handling high-volume orders during peak hours.
This place is perfect for anyone looking to indulge in fine dining throughout the year, whether it's for a romantic date night, a family celebration, or a corporate event. With its excellent location and high-quality amenities, the East Cove restaurant is a must-see for anyone looking to invest in the hospitality industry.
There is an option for a lease to purchase with a maximum duration of 1 year. The person leasing the property is responsible for paying monthly rent and utilities. Please inquire. All FFE included.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,855 SF
Building Class
C
Year Built/Renovated
1968/2019
Price
$1,499,000
Price Per SF
$256
Tenancy
Single
Building Height
1 Story
Building FAR
0.54
Lot Size
0.25 AC
Zoning
commercial - COM 1 - COM 1; 421 - Restaurant
Parking
32 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
62 FT on Rte 9L

Amenities

  • Fenced Lot
  • Restaurant
  • Security System
  • Signage
  • Wheelchair Accessible
  • Accent Lighting
  • Storage Space
  • Recessed Lighting
  • Air Conditioning
  • Smoke Detector

Nearby Major Retailers

Trustco Bank
Price Chopper

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
522289-264-008-0002-030-000-0000
Land Assessment
$99,900
Improvements Assessment
$977,600
Total Assessment
$1,077,500
  • Listing ID: 31071757

  • Date on Market: 2/28/2024

  • Last Updated:

  • Address: 3873 Rte 9L, Lake George, NY 12845

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