3873 NY-9L Lake George, NY ^$ 1,599,000

3873 NY-9L

^$ 1,599,000

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3873 NY-9L

Lake George, NY, 12845

^$ 1,599,000

Studio Baths4.0 Sq 5,855

Monthly Estimate*

^$ 10,627

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Studio

Commercial Property for sale in Lake George, NY

for $1,599,000 with 4 full baths. This 5,855 square foot building was built in 1962 on a lot size of 0.25.

This is a great opportunity to own a turnkey restaurant in Lake George that experiences high traffic all year round. The East Cove restaurant has been a successful business since 1968. The free-standing building boasts an area of 5,855 sq ft and was gutted and fully restored to create a beautiful fine dining establishment. It can accommodate 124 guests and includes a main dining room, custom wine lockers, a spacious bar area with high-top dining, a well-maintained kitchen, four bathrooms, and office space. This place is perfect for those who want to enjoy a drink, meet locals, and indulge in fine dining throughout the year. The current lease in place also presents a potential investment opportunity.

Commercial Active

Price

^$ 1,599,000

Bedrooms

Studio

Full Bath

Property Type

Commercial

Taxes

^$ 10,000

Style

Business

Lot Size

0.25

Year Built

1962

Town/City

Lake George

County/Region

Warren

MLS | Web ID

202411952

Features

General

Interior Features Built-in Features

Sewer Public Sewer

Heating Forced Air

Cooling Central Air

Possession At Closing

Roof Rubber Shingle

Exterior Features Lighting

Zoning Commercial

Security Features Smoke Detector(s) Carbon Monoxide Detector(s)

Construction Materials Log Wood Siding

Year Built 1962

Electric Three Phase 200+ Amp Service 220 Volts

Stories 1

Property SubType Business

Current Use Restaurant

Business Type Restaurant

Accessibility Accessible Approach with Ramp Accessible Doors Accessible Full Bath Accessible Hallway(s)

Business Name The East Cove Restaurant

County Warren

New Construction N

Property Type Commercial Sale

Association Amenities None

HOA / Comm Assn N

Attached Garage N

Possible Use Restaurant

Status Active

Directions Corner of Beach Rd and Rt 9L in Lake George.

High School Lake George

City Lake George

Buyer Agent Compensation 2.25

View Y/N N

High School District Lake George

Lot Size Units Acres

Lot Size Square Feet 5855.0

Waterfront Y/N N

Carport Y/N N

Street Name NY-9L

Elementary School Lake George

Land Lease Y/N N

Tax Annual Amount 10000.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 109

Standard Status Active

Tax Assessed Value 1077500

Tax Lot 264.08

Buyer Agent Compensation Type %

Interior

Basement Other

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Electric On Property Y/N N

Total Baths 4

Exterior

Parking Features Paved Private

Lot Features Road Frontage

Water Source Public

Total Parking 30.0

Inclusions {u'Building & Land': True u'Business & Building': True}

Lot Size Area 0.25

Number of Buildings 2

Spa N

Building Area Total 5855.0

Lot Dimensions 23000

Lot Size Acres 0.25

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 3873

* Excluded Features

List By

Kristine Owen

Listing Agent

Owen & Associates Real Estate

Broker

(518) 857-5606

Phone

kristiowen@owenassoc.com

Affordability Calculator

$11,461

Per Month

Monthly Principal & Interest: $10,627
Monthly Property Taxes: $833
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lake George, NY

Average List Price ^$1,792,100

Percent of Sale Price 12%

About Lake George, NY

3,605 Population

1% Since 2002

^$62,757 Median Income

49.57 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3061549 Elementary School

3061686 Middle School

Lake George High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/3/2024	$1,599,000	-3.09%	Price Down
2/12/2024	$1,650,000		Listed Price

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3873 NY-9L, Lake George, NY, 12845 is a Commercial Property for sale at $1,599,000 with 5,855 sqft and a lot size of 0.25. 3873 NY-9L is a studio with 4.0 baths and was built in 1962. The property's zip code is 12845 which is in Lake George, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from The Internet Data Exchange Program of ©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.

Data is updated as of 6/2/2024.

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3873 NY-9L

Commercial Property for sale in Lake George, NY

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