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5017 Cascade Road, Route 73
Lake Placid, NY 12946
MLS# 177961 ID: 79618724
9798 sq.ft.
$895,000
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Property Description
Commercial Sale, Other - Lake Placid, NY Iconic Lake Placid landmark, the Cascade Inn, has been family owned and operated for over 30 years. Home of the famous Saturday night all you can eat King cut Prime Rib! With a huge, local following, the delicious home cooked meals and down to earth hospitality take you back to a simpler time. The location is ideal, on 5 acres with an 11 room drive up to your room motel, high traffic, high visibility, Craig Wood 18 hole golf course , a driving range, hiking & biking on the Jack Rabbit trail are all right across the street! Golf packages, hikers and LP Horseshows provide steady stream of motel and restaurant patrons. Peaceful setting outside the village with magnificent sunsets! The Cascade Inn is a favorite spot for rehearsal dinners, birthday celebrations, holiday parties and family gatherings! The property is complete with the convenience of a 3 BR, 1 BA owner's residence. Restaurant and Motel are being sold turnkey. Don't miss your chance to own a piece of Lake Placid history!
Property Features
Status
Days On Market 13 days
Last Updated February 1, 2023
Market Status Available
Description
Property Type Commercial
Year Built 1952
Approx. Lot Size 5.01 Acres
Sq. Feet 9798
Building Features
Cooling System Wall Unit(s) A/C
Roof Metal
Heating Fuel Electric; Oil
Listing Features
Property Type Commercial; Commercial
Offered By:
Brenda Goulette
Engel & Volkers Lake Placid

Data Provided by Engel & Volkers

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