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518-523-3333

Prague Motor Inn

$1,295,000
| MLS #: 164307
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Karen Mergenthaler
New York State Real Estate Agent
Office: (518) 523-3333
Cell: (518) 524-4022
karen@adkpp.com
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Prague Motor Inn is a locally known Commercial property being sold with 2.70 acres that holds a total of 7 buildings and an in-ground pool. This property is located on a highly visible main road in Lake Placid that is within walking distance to the center of the Village and has gorgeous views that include the surrounding Mountains and overlook the meandering Chubb River. Take advantage of this real estate offering that presents the opportunity for a new owner to enhance the excellent location with a modern hotel or a commercial business. The Prague is currently renting 13 bedroom suites in two separate buildings and many of the suites are complete with kitchens. In addition to the main building, there is also a separate home on the property that is also utilized as a rental. One of the included parcels has a third house that could be used for storage or a tear down and there is a vacant lot. This great commercial offering includes 5 tax parcels, 42.239-4-12.000, 42.239-4-13.000, 42.239-4-14.000, 42.239-4-15.000 and 42.239-4-16.000 on 2.7 level acres all sold together with a total assessed value of  $1,141,700.00. This lot is larger than the lot the Marriott Courtyard was built on, making this an ideal site for another hotel, store or restaurant.

 

2.70 Commercial Acres - Multiple Buildings - Pool - Great Views

Interior Details

Style:
  • Commercial
Interior Features:
  • Cable

Exterior Details

Location: : Lake Placid
Exterior Features:
  • Deck
  • Fire-Pit
  • Patio
  • Paved Drive
  • Swimming Pool
APX Acreage: 2.7
5 Tax Parcels Included in Sale
County: Essex
No Garage
School District: Lake Placid
Total Taxes: $ 19414
Views:
  • Mountains
  • Residential
  • River
  • Wooded
Zoning:
  • Mixed
  • Additional Features: In-Ground Swimming Pool
  • Additional Features: Multiple Buildings
  • Additional Features: Overlooking the Chubb River
  • Additional Features: Located on Highly Visible Road
  • Additional Features: 5 Tax Parcels Included for Total of 2.7 Acres