Lake Placid Motel
For Sale

Excellent Business Opportunity
For Sale in Lake Placid, NY

Established, family owned and operated motel for sale in the Adirondack Mountains.

This well established, family owned and operated motel provides the buyer with an excellent business opportunity and life style in Lake Placid NY, the High Peaks region of the Adirondack mountains of northern New York. Also known as the Olympic Village, Lake Placid was host to two Olympic winter games and continues to host world class winter events including Bobsled, Luge and skiing. This is a two story motel with 24 units, sitting on 0.71 acres - nicely kept, meticulously maintained with attached spacious owners-managers residence. Located in the middle of Lake Placid, the motel is a long established landmark. It is a year round resort destination in one of northeast America’s premier ski resorts. In addition to some of the best skiing at Whiteface Ski Resort, the summer offers fishing, hiking, biking and mountain bike riding as well as a quiet place to just get away from it all. The secluded location allows the guests to enjoy the best of Lake Placid village life, and then escape to a quiet setting. It is a popular traveller's stop, attracts Skiers in the Winter for winter sports and other tourists and travellers during summer so it is a year round attraction.Lake Placid business opportunity for sale

The Cottage

The Motel building is arranged in double "L"-shaped configuration, wrapped around the pool and two-story owners-manager residence. The property, built in 1975, went through renovation and refurbishing and is in overall very good condition. The units themselves are clean and show evidence of an on-going maintenance and repair schedule. Typical guest room furnishings include refrigerator, color television, wireless internet connection, phone with voice mail, two chairs, table, luggage bench, wall hung pictures, wall hung mirror, lamps and headboard, smoke alarm, window curtains, carpeted floors, wallpapered walls, and in the private bathroom: sheet vinyl/tile flooring, adequate lightening & ventilation, bathtub with shower in one, shower curtain, lavatory, and single sink with wall attached mirror. Click here to view additional photos of the motel and grounds. Additional information about the motel and accommodations available can be found on our web site at Town and Country Motor Inn.Lake Placid motel for sale

Guest Room Breakdown: 2 suites with fully equipped kitchen, wood fireplace, private bathroom, bedroom with one king bed/ two double beds, 15 rooms with two double beds, 2 rooms with one king size bed, 2 rooms with one queen size bed, 2 rooms with one double bed, one kitchenette with one queen size bed. Each guest room is heated and cooled by its own individual unit. Property information: outdoor-inground heated pool, ample paved parking, wireless internet equipment, exterior corridors, private balconies, outdoor lighting, professionally landscaped, public sewer, lake & mountain view, restaurants nearby.Excellent business opportunity for sale in Lake Placid

The Motel

The Pool

Nearby Attractions: Olympic Center & Museum, Olympic Venues within 3 miles, access to swimming, Gondola Ski Resort, outdoor, indoor winter and summer activities. Recent Renovations: inside and outside painting, room renovations, marble tiles in bathrooms, new carpet, complete remodelled kitchen in owner’s residence, remodelled kitchen in one of the suites, added new kitchenette unit in one of the renovated rooms, new windows & patio doors, new ski wax room. Heating: electric baseboard, oil (owner’s residence only) Water heater: electric Price: $2.1 mil For additional information, serious buyers may Click here to contact us by email, or call 518-523-9268.Excellent business opportunity for sale in Lake Placid