L4.200 US-9, Schroon Lake, NY 12870 | MLS #202610706 | HUNT Real Estate
 
  • 164 days on site
  • 4 views

Rare Opportunity: Witherbee's Carriage House Restaurant & Cabins. Discover an extraordinary investment in the heart of New York's Adirondacks with the iconic Witherbee's Carriage House Restaurant, a beloved Schroon Lake institution offering unparalleled potential for savvy buyers. This remarkable offering includes a fully operational restaurant with seating for over 325 guests, perfectly positioned to serve both locals and the thriving tourist market. The property comes complete with four charming cottages boasting stunning lake views. Generate year-round revenue through short-term rentals and providing immediate income diversification. With room for additional cottages, the expansion possibilities are exceptional, allowing you to significantly scale the hospitality operation. The package also includes a vacant lot ideal for residential development or additional cottage construction. Spanning 4.31 acres across three parcels, this property offers both immediate cash flow and substantial long-term growth potential. Located just minutes from the Adirondack Northway for effortless accessibility, you'll be nestled in the quaint town of Schroon Lake, surrounded by year-round activities and attractions including Gore Mountain, Schroon Lake beach, boat launches, hiking trails and a recently renovated wedding venue just down the road. Whether you're an experienced restaurateur looking to acquire a turnkey operation, a developer ready to capitalize on the booming vacation rental market, or an investor seeking a diversified real estate portfolio, this once-in-a-lifetime opportunity delivers on every front. Listing includes parcels 156.12-2-4.100(1.54 acres), 156.12-2-4.200 (1.35 acres), 156.12-2-4.400 (1.42 acres)

Source: Global MLS, MLS#: 202610706

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  • Property Type
    Residential
  • Lot
    4.31 acres

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  • Median Age
    49
  • Population Density
    15
  • College Educated
    47%
  • Estimated Median Income
    $50,800
  • Estimated Total Home Owners
    625
  • Estimated Total Renters
    161
  • Owner / Renter Divide
    80% / 20%
  • Estimated Average Household Size
    2
  • Total Population
    1,736
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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