Listed by eXp Realty, LLC, EXP Realty
$3,499,999
Kathy's Resort and Cottage
Details
APN 522289 264.03-2-19
Property Type Hospitality
Sub Type Hotel
Square Footage 5,618
Units 18
Cap Rate 13.00%
Tenancy Multi
Class A
Year Built 1970
Buildings 18
Stories 2
Acreage 5.820
Parking Spaces 70 spaces
Parking per 1,000 SqFt 12.46
Motel For Sale In The Heart Of Lake George
Marketing description
Welcome to Kathy's Resort & Cottages. Nestled on over 5 acres of beautifully maintained grounds, this well-established, family-run resort features 18 total units, including a 2,500 sq. ft. main house with private living quarters and office, 8 charming A-frame chalets, and 9 fully equipped housekeeping apartments. Each unit offers modern kitchens and updated baths with tubs and showers, providing guests with the perfect balance of Adirondack charm and home-like comfort. Resort amenities include a 20'x40' heated in-ground pool, picnic tables, gas grills, park, ping pong table and open space for recreation, and ample parking. This property offers excellent cash flow potential with both strong summer and winter rental income proven history of success supported by loyal, repeat clientele. Accessibly located on the south end of Lake George Village, the resort is just 3 minutes from the lake, shops, restaurants, and all local attractions, and a short drive to West Mountain, Gore Mountain, and countless Adirondack outdoor activities. With a proven history of success, this property offers long-term, sustainable income and an exceptional investment opportunity. Don't miss your chance to own one of Lake George's beloved resort destinations!
Listing Contacts
Listed by eXp Realty, LLC, EXP Realty
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