5825-28 Cascade Road, Lake Placid, NY 12946 | 173921 | HUNT Real Estate

5825-28 Cascade Road $3,150,000

    Close

    5825-28 Cascade Road Lake Placid, NY 12946

    Closed
    SOLD 7/1/2022

    $3,150,000

    Market Estimate
    • 55,000 sq. ft.
    • 2.61 Acres
    • Commercial
    • MLS# 173921
    Favorite Share
    Views: 1454

    Property Details

    This is your chance to shape the entry to the Olympic Village! This property comprises 78 rooms across 2.6 acres on Lake Placid's busiest artery. Family owned, operated, and meticulously maintained for decades, the property features a 3 bedroom, 2 bath home and a 2 bedroom apartment for owners/managers to live on site, as well as both indoor and outdoor pools and a wax room for skiers. Purchase one or both properties together, 5828 Cascade for $2.5M and 5825 Cascade for $875,000.

    • General Features
      • Sale Includes Equipment, Fixtures, Furniture, Inventory
      • Township N Elba
      • Zoning Commercial
      • Year Built 1978
      • Waterfront Description None
      • Waterfront Y/N 0
      • Subdivision None
      • County Essex
      • Body of Water None
      • Apx Total SqFt 55000
      • Area Lake Placid
      • Apx Acreage 2.61
    • Building Features
      • Basement/Foundation Full, Finished
      • Building Style Commercial/Residential, Hotel/Motel
      • Construction Block
      • Electric Other
      • Exterior Wood
      • Amenities Break Room, Swimming Pool
      • Roof Metal
    • Property Features
      • Views Commercial
      • Water Sewer Gas Sewer Connected,Water Connected
    • Schools
      • School District Lake Placid

    Neighborhood

    12946 (Lake Placid) Demographics

    37 Median Age
    36 Population Density (per sq. mile)
    56% College Educated
    $63,055 Estimated Median Income
    1,363 Estimated Total Home Owners
    710 Estimated Total Renters
    66% / 34% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,819 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $522,000 Median Sales Price
    6 Homes Sold
    13 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/1/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $3,150,000

        About

        HUNT Mortgage

        HUNT Mortgage Lending Partner

        At HUNT Mortgage, we pride ourselves on providing superior customer service and creating satisfied customers. From mortgage processing and underwriting to loan closing and funding, our expert Mortgage Consultants will efficiently expedite your entire mortgage transaction and keep you informed every step of the way. We’re committed to building rewarding, long-term customer relationships.

        HUNT Mortgage Corporation NMLS #37405 - Mortgage Banker License #B500142 - New York State Department of Financial Services  

        Listing information is provided in part by the Internet Data Exchange (IDX) program of New York State Adirondack-Champlain Valley Multiple Listing Service, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2022 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.