$675,000

71 Demars Blvd

Tupper Lake NY, 12986

Description

1.5 acres Land for sale with Sunset Park Motel and 320 feet on Raquette Pond in Tupper Lake, NY! Family operated Motel with 55-60% repeat customers in Tupper Lake NY. With 11 rental units, 7 of which are year-round, this business opportunity is ideal for anyone wanting to live and work in the Adirondacks. Sandy beach for swimming, fishing, relaxing just outside of each bay window. Pristine shoreline boasting 320 ft. of frontage on Raquette Pond. Each room overlooks the water with views of mountains in the distance. The entire business is for sale including website, all furnishings....TURN KEY! Operates at a 17% CAP Rate. NOI and Profit/Loss offered upon request to qualified buyers only. Business assets: Residential home with full kitchen 3, bedrooms, 2 full bathrooms, living room, laundry home, main business office, 2 car garage. Return client list from 2002... 55-60% repeat customers. 11 rental unit with wifi, cable, televisions. All furnishings, appliances, linens, cleaning supplies. 75' dock with room for 8 boats, 4 motor boats, 1-row boat, fishing supplies (tackle shop), boat rental business. Advertising brochures, website, signage. Picnic tables, grills, fire pit. The entire property is on municipal water and sewer and zoned commercial. Endless potential for expansion for Marina, Restaurant or Outfitter! Located along the Olympic Byway Scenic Highway, Rt. 3 just on the north side of Tupper Lake... great exposure! Borders a town park to the south. Other Features: 320 feet of pristine frontage on Raquette Pond offering boating, swimming and trophy walleye, Northern Pike, and bass fishing Raquette Pond connects to Big Tupper Lake, Raquette River and Raquette Flow offering miles of exploring, fishing and boating 1 mile to downtown Tupper Lake, 15 minutes to Saranac Lake, and 30 minutes to Lake Placid Next door to annual Tupper Lake Woodsman's Field Days! Close to several new breweries and potential Big Tupper Ski area! This is the perfect opportunity to own an established business with a strong return customer base while enjoying the beautiful Adirondacks and all it has to offer!

Details

MLS#10622319
StyleIndustrial
Sub-TypeResale
StatusActive
Year1980
Days On Site156

Features

SQ Feet65,535
Story(s)1

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Area Information

StateNY
CityTupper Lake
Zip Code12986
Listing VS Median (in 12986)
Price:
$675,000
low | high
Med:
$675,000
50% of Average
SqFt:
65,535
low | high
Med:
65,535
50% of Average
$ / SqFt:
$10
low | high
Med:
$10
50% of Average
On Site:
156
low | high
Med:
156
100% of Average
Listing Updated: 12/11/2019
MLS Number: 10622319
Listing Provided By:
Pete Martino  of  NY OUTDOOR REALTY LLC