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- LoopNet Team
3 Lake Ave
Lake George, NY 12845
Motel Montreal · Hospitality Property For Sale · 16,250 SF
Investment Highlights
- Rare opportunity to acquire an established Lake George hotel near to restaurants and attractions!
- Exceptionally well run and maintained motel. Great condition and ready to transition to new owner!
- Rooms only business - no food & beverage. Easy to staff...front desk, housekeeping and maintenance!
- Seasonal property that offers high returns in season and free time for its ownership in the off season.
- Efficient operation that offers ease of operation & management. Very stable business with tons of repeat customers
- Lake George has an active Chamber of Commerce & Convention Board - fast becoming a year round destination for business & tourism.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1955 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.92 AC | Parking Ratio | 3.66/1,000 SF |
| Building Size | 16,250 SF | Corridor | Exterior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 16,250 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 3.66/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- Business Center
- Pool
About 3 Lake Ave , Lake George, NY 12845
The Motel Montreal in Lake George, New York has strong financials and an impressive bottom line. The Owner has efficiently minimized costs to maximize revenue. The seasonality of the business offers ownership a busy summer and time off in the winter to refresh. Guests can select a variety of room types including two 2-bedroom apartments with full kitchen. The Motel Montreal offers a relaxed pool environment with a choice of guestrooms that include kings, queens, doubles and suites. Lake George has been called the Queen of American Lakes, and has been welcoming guests for 200 years. This family friendly village and town offers something for everyone. This is best best value in all of Lake George. Schedule an appointment to see it soon!
PROPERTY TAXES
| Parcel Number | 522201-251-010-0003-065-000-0000 | Improvements Assessment | $1,787,436 |
| Land Assessment | $427,227 | Total Assessment | $2,214,663 |
PROPERTY TAXES
zoning
| Zoning Code | 05 (Commercial - Hospitality) |
| 05 (Commercial - Hospitality) |
