Lake Placid See all listings

5017 Cascade Road, Lake Placid NY 12946

$895,000

MLS# 171910

5.01 acres

9,798 sq. ft


Listing Courtesy of: Four Seasons Sotheby's International Realty

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Overview

The renowned Cascade Inn and Restaurant has been a locals’ and tourist hot spot for over 32 years. Patrons adore the traditional Adirondack ambiance and rustic elegance that the restaurant and cocktail lounge offer. From the hand hewn beams to the candle lit fireside dining, this is truly a unique and gratifying experience. The boutique Inn offers some of the best golf packages around – including unlimited golf, breakfast, diner and lodging. Guests, not looking to golf, will enjoy the endless hiking trails the High Peaks have to offer. During the winter months the Inn hosts several visitors who enjoy the famous cross country skiing “Jack Rabbit Trail”, downhill skiing at Whiteface Mountain and/or the Olympic Luge and Bobsled Tracks of Mt. Van Hoevenburg. Sale includes all fixtures, all kitchen equipment, a turnkey restaurant, a turnkey inn, a three bedroom inn keeper’s residence all resting on just over 5 acres of pristine adirondack land. An unexpected opportunity awaits…

Details & Amenities

Listing Details

  • MLS #: 171910
  • Status: Active
  • Date Listed: 10-09-2020
  • Days On Market: 493
  • Sq. Ft: 9,798
  • Acreage: 5.01
  • Business Type: Restaurant/Bar, Hotel/Motel
  • Seasonal Property: No
  • Listing Courtesy of: Four Seasons Sotheby's International Realty

Interior Features

  • Basement: Full, Unfinished
  • Heating Type: Hot Water, Combination, Oil, Baseboard, Electric, Hot Air, Propane
  • Air-conditioning Type: Wall Unit(s)

Exterior & Lot Features

  • Area: None
  • County: Essex
  • Town: Lake Placid
  • Township: N Elba
  • School District: Lake Placid
  • Views: Golf Course
  • Lot Features: View Mountains
  • Lot Size Area: 5.01
  • Road Type: Paved
  • Sewer: Septic Tank
  • Waterfront Features: None
  • Zoning Description: Mixed

Building & Construction

  • Tax Map #: 52.121.000
  • Annual Taxes: $12,456
  • Year Built: 1980
  • Parking Features: Off Street
  • Exterior Siding: Frame, Wood, Asphalt
  • Roof Type: Metal
  • Electric AMP: Other
  • Water Source: Private
  • Features: Kitchen