REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,649,000
Est. payment /mo
New
5239 NY-86 Wilmington, NY 12997
21,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $126
MLS Listing ID 208669
Year Built 1972
Annual Tax Amount $26,546
Lot Size 9.100 Acres
Acres 9.1
Property Sub-Type Hotel/Motel
Source Adirondack-Champlain Valley MLS
Property Description
Set on 9.1 scenic acres with approximately 1,300 feet of frontage on the legendary West Branch of the Ausable River, The Hungry Trout Resort offers a rare blend of lodging, dining, and outdoor recreation, just one mile from Whiteface Mountain Ski Area. The 20-unit motel features a mix of queen, king, and suites, each with convenient drive-up exterior entry. Guests enjoy a 40,000-gallon swimming pool with a new pump and chlorine system, smaller pool, an outdoor play set, and an open large field that gives groups plenty of room to spread out and enjoy the surrounding area adjacent to the restaurants. This offering includes two distinct restaurant spaces, plus indoor and outdoor seating. The lower-level restaurant area has been fully remodeled, the upstairs dining room now has new mini-split heating and cooling, and the kitchens have been upgraded with new restaurant equipment and an updated air exchange system. A fully equipped fly shop with guide service rounds out the offering, putting world-class trout fishing right outside the door. The spacious separate residence includes a private fenced-in yard and a new refinished basement apartment, ideal for added flexibility. Additional updates made by the current owner include - new roofs that have been installed on two of the motel buildings, new roof on the restaurant building, a new roof on the separate home, and a new septic system with a high-end Fuji system serving the restaurants. With decades of history in the area and a following of skiers, anglers, and Adirondack travelers, this turnkey property is being sold with all furniture, fixtures, and equipment included. This offering includes tax map parcel 26.3-1-4. Bring your vision and set up a showing today!
Location
State NY
County Essex
Direction From Lake Placid - Take NYS Route 86 towards Wilmington - Look for sign of Hungry Trout Resort across from Fox Farm Rd.
Exterior
View Mountain(s), Pool, Water
Roof Type Asphalt
Street Surface Paved
Building
Water Public
Others
Senior Community No
Tax ID 26.3-1-5.000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Listed by Blythe Niles-Linster • Engel & Volkers Lake Placid Real Estate
