129 Franklin Ave, Saranac Lake, NY 12983
15 Room Hotel | Saranac Lake, NY 12983 | $1,299,000 ($86,600/Room)
For Sale
Active
Asking Price $1,299,000
- Property Type
-
Hospitality
- Square Feet
- 15,000 SF
Listing Contacts
Cherrie Sayles
Property Overview
Once in a lifetime opportunity to own one of the premier buildings in Saranac Lake! The Prescott House ADK is a very well maintained, one-of-a-kind, historic building on a large 2.30-acre lot. 19 guest rooms, 4 with private baths, 15 with access to shared baths and two 2BR long-term units with their own baths and kitchens. With a stately, welcoming appeal it has a stellar, high-rated track record as a short-term rental destination. Also perfect for wedding parties, family reunions, hiking trips through the area and so many other opportunities. Huge potential for growth and expansion to larger events with the added advantage of being directly in the heart of Saranac Lake. Located just a few quick blocks from Lake Flower, Moody Pond, Mt. Baker, Main ST, Broadway, several Cafe's, Pubs, Unique Shops, Museums, the Adirondack Carousel, Music in the Parks, and Saturday Farmers Market! Sold turnkey with some items negotiable.
Property Details
- Class
- C
- Year Built
- 1905
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 100,188 SF
- Units
- 15
Highlights
- Abundance of natural lighting.
- Beautiful hardwood floors.
- Surrounded by scenic greenery.
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