508 Lake Avenue, Lake Luzerne, NY 12846 (MLS# 202425303)


$699,000
508 Lake Avenue
Lake Luzerne, NY 12846
MLS# 202425303
Status: Closed
16 baths


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Property Description
10 unit motel with a flex space which could be a manager or owner residence. A separate 2,851 sq ft house with 3 apartments. A 20 x 40 in-ground pool and barbecue area and fire pits. Two RV sites for additional income. Motel rooms are spacious, comfortable, clean and each has microwave, refrigerator, coffee machine and air conditioning. Set back from the highway & situated on 2.22 acres. An established business for several years. There is one exclusion.

Details
Maps
Contract Information
Original List Price: 795000
List Price/Acres: 314864.86
Sold Price/Acres: 314864.86
Status: Closed
Property Sub Type: Hotel-Motel
Sold Price: $699,000
Listing Contract Date: 2024-09-12
Current Price: $699,000
Location
City/Town (Mail): Lake Luzerne
Cross Street: Towner Road
Street Number: 508
Street Name: Lake
Street Suffix: Avenue
County: Warren
State/Province: NY
Postal Code: 12846
Geo Lat: 43.337839
Geo Lon: -73.83782
Property Detail
Year Established: 1975
Stories: 2
Number Of Buildings: 3
Business Name: Luzerne Court Motel
Lot Size Square Feet: 96703
Zoning: Commercial
Lot Size Dimensions: 96703sf
Lot Size Acres: 2.22
Year Built: 1975
Bathrooms Total: 16
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 292-1-48.1
Tax Annual Amount: 4475
Tax Section: 292.
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 48.1
Directions & Remarks
Directions: From I-87 take exit 21 then left on Route 9N for approximately 7.5 miles to Luerne Coiurt Motel on left at corner of Lake Avenue (Route 9N) and Towner Road
Public Remarks: 10 unit motel with a flex space which could be a manager or owner residence. A separate 2,851 sq ft house with 3 apartments. A 20 x 40 in-ground pool and barbecue area and fire pits. Two RV sites for additional income. Motel rooms are spacious, comfortable, clean and each has microwave, refrigerator, coffee machine and air conditioning. Set back from the highway & situated on 2.22 acres. An established business for several years. There is one exclusion.
Sewer
Septic Tank: 1
Current Use
Motel: 1
Multi-Family: 1
Architectural Style
Motel: 1
Multiple Dwelling Unit: 1
Office: 1
Electric
200+ Amp Service: 1
Financial Details
General Taxes: 1984.61
General Taxes Description: Actual
School Taxes: 2490.4
School Taxes Description: Actual
Seller Financing: No
Cooling
Wall Unit(s): 1
Basement
Partial: 1
Unfinished: 1
Lot Features
Cleared: 1
Corner Lot: 1
Level: 1
Road Frontage: 1
Construction Materials
Drywall: 1
Frame: 1
Vinyl Siding: 1
Possession
At Closing: 1
Business Type
Hotel/Motel: 1
Showing Requirements
Agent to Accompany: 1
Showing Service: 1
Roof
Metal: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Hot Water: 1
Oil: 1
Parking Features
Parking Total: 16
Off Street: 1
Paved: 1
Patio And Porch Features
Porch: 1
Possible Use
Apartment Plus: 1
Hotel/Motel: 1
Sale Includes
Building & Land: 1
Business & Building: 1
Status Change Info
Status Change Date: 2025-05-01
Under Contract Date: 2025-02-27
Sold Date: 2025-04-30
Sold Price: $699,000
Property Features
Architectural Style: Motel; Multiple Dwelling Unit; Office
Basement: Partial; Unfinished
Construction Materials: Drywall; Frame; Vinyl Siding
Cooling: Wall Unit(s)
Current Use: Motel; Multi-Family
Business Type: Hotel/Motel
Electric: 200+ Amp Service
Heating: Baseboard; Hot Water; Oil
Lot Features: Cleared; Corner Lot; Level; Road Frontage
Parking Features: Off Street; Paved
Patio And Porch Features: Porch
Possession: At Closing
Possible Use: Apartment Plus; Hotel/Motel
Roof: Metal
Sale Includes: Building & Land; Business & Building
Sewer: Septic Tank
Showing Requirements: Agent to Accompany; Showing Service
Water Source: Public

IDX
Listing Courtesy of Davies-Davies & Assoc Real Est
Listing Agent: Richard Blake
518-361-3793 | richardrblake@yahoo.com

Information deemed reliable but not guaranteed.