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Lake Placid See all listings

5017 Cascade Road, Route 73, Lake Placid NY 12946

$895,000

MLS# 177961

5.01 acres

9,798 sq. ft

Listing Courtesy of: Engel & Volkers Lake Placid Real Estate

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Portrait of Stu Ruttan

Stu Ruttan

518-524-6334

[email protected]

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Overview

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, seats 114 guests and is a favorite spot for all celebrations, parties & 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!

Details & Amenities

Listing Details

  • MLS #: 177961
  • Status: Active
  • Date Listed: 01-19-2023
  • Days On Market: 30
  • Sq. Ft: 9,798
  • Acreage: 5.01
  • Business Type: Hotel/Motel, Restaurant/Bar
  • Seasonal Property: No
  • Listing Courtesy of: Engel & Volkers Lake Placid Real Estate

Interior Features

  • Basement: Full, Unfinished
  • Heating Type: Combination, Electric, Oil, 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: Trees/Woods
  • Lot Features: View Mountains
  • Lot Size Area: 5.01
  • Total Parking: 16
  • Road Type: Paved
  • Sewer: Septic Tank
  • Body of Water : None
  • Waterfront Features: None
  • Zoning Description: Mixed

Building & Construction

  • Tax Map #: 52.121.000
  • Annual Taxes: $11,748
  • Year Built: 1952
  • Parking Features: Off Street, Parking Lot
  • Exterior Siding: Frame, Asphalt, Wood
  • Roof Type: Metal
  • Foundation Details: Block, Stone
  • Electric AMP: 200+ Amp Service
  • Water Source: Private, Shared Well