3873 NY-9L, Lake George, NY 12845 (MLS# 202411952)

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3873 NY-9L, Lake George, NY 12845

$1,650,000
Property Type: Commercial Sale Baths: 4 Square Footage: 5,855 Lot Size (sq. ft.): 5,855 Status: Active
Current Price: $1,650,000 List Date: 2/12/2024 Last Modified: 2/22/2024

Description

Great opportunity to own a turnkey, restaurant in Lake George with year-round, high traffic count. Successful business known as East Cove restaurant was established in 1968. This free-standing 5,855 sq ft building was gutted and fully restored into a beautiful 124 seating capacity fine dining establishment and landmark. Features include main dining room, custom wine lockers, spacious bar area with high top dining, well-maintained kitchen, four bathrooms and office space. This is the place where you can have a drink, meet the locals and enjoy fine dining all year long. Current lease in place for potential investment opportunity.

More Information MLS# 202411952

Contract Information

Property Sub Type: Business Status: Active Original List Price: 1650000 List Price: $1,650,000 Lease Considered: No Listing Contract Date: 2024-02-12 Current Price: $1,650,000 List Price/SqFt: 281.81 List Price/Acres: 6600000

Location

Street Number: 3873 Street Name: NY-9L County: Warren State/Province: NY Postal Code: 12845 City/Town (Mail): Lake George Geo Lat: 43.417496 Geo Lon: -73.696622

Commission Detail

Broker Agent Compensation: 2.25 Broker Agent Compensation Type: %

Property Detail

Year Built: 1962 Year Established: 1968 Stories: 1 Number Of Buildings: 2 Bathrooms Total: 4 Business Name: The East Cove Restaurant Lot Size Square Feet: 5855 Zoning: Commercial Lot Size Dimensions: 23000 Lot Size Acres: 0.25 Building Area Total: 5855 Building Available SQFT: 5855 Main Road Frontage: 168 Waterfront Y/N: No Enhanced Accessible Y/N: Yes Land Lease Y/N: No Parking Y/N: Yes

Parcel, Tax, HOA

New Construction Y/N: No Parcel Number: 264.08-2-30 Tax Annual Amount: 10000 Total Taxes Description: Estimated Tax Block: 2 Tax Section: 30 Tax Lot: 264.08 School District: Lake George Elementary School: Lake George High School: Lake George Association Y/N: No

Directions & Remarks

Directions: Corner of Beach Rd and Rt 9L in Lake George. Public Remarks: Great opportunity to own a turnkey, restaurant in Lake George with year-round, high traffic count. Successful business known as East Cove restaurant was established in 1968. This free-standing 5,855 sq ft building was gutted and fully restored into a beautiful 124 seating capacity fine dining establishment and landmark. Features include main dining room, custom wine lockers, spacious bar area with high top dining, well-maintained kitchen, four bathrooms and office space. This is the place where you can have a drink, meet the locals and enjoy fine dining all year long. Current lease in place for potential investment opportunity.

Status Change Info

Status Change Date: 2024-02-12

Building Detail

Fire Sprinkler System Y/N: Yes

Financial Details

Tax Assessed Value: 1077500 General Taxes: 12778.7 General Taxes Description: See Remarks School Taxes: 6830.83 School Taxes Description: See Remarks Seller Financing: No

Parking Features

Parking Total: 30

Property Features

Accessibility Features: Accessible Approach with Ramp; Accessible Doors; Accessible Full Bath; Accessible Hallway(s) Architectural Style: Bar/Tavern/Lounge; Restaurant Association Amenities: None Basement: Other Construction Materials: Log; Wood Siding Cooling: Central Air Current Use: Restaurant Business Type: Restaurant Electric: 200+ Amp Service; 220 Volts; Three Phase Exterior Features: Lighting Heating: Forced Air Interior Features: Built-in Features; Stone Countertops Lot Features: Road Frontage Parking Features: Paved; Private Possession: At Closing Possible Use: Restaurant; Tavern Roof: Rubber; Shingle Sale Includes: Building Only; Business & Building Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Agent to Accompany; No Sign; Restricted Hours; Showing Service Special Listing Conditions: No Disclosures Water Source: Public

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.