Waterfront
Address
148 State Route 28, Inlet, NY
Price
$ 3,420,000
Property Attributes
  • MLS#S1474169
  • TypeCommercial
  • CountyHAMILTON
  • CityInlet
  • AreaInlet
  • Zip13360
  • StyleBusiness
  • Year Built1904
  • Taxes$ 30728
  • Price$ 3,420,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4442
  • Lot Size3.7 Acres
Data Source:
Central New York Information Services (CNYIS)
Property Description

The Woods Inn was just featured in Travel and Leisure Magazine as one of the best places to stay and eat in the Adirondacks. There are 4 new townhomes and two other rental units plus workout area in the newly built Casino behind the hotel. The current owners have permission to build 6 more units on the property as well as utilizing the Town Sewer for the hotel and new units. They added a heated, covered pavilion for weddings and parties. In total there are 30 rental facilities, 27 of which are year round. There are panoramic sunsets from the 4 season enclosed porch, the covered porch and many of the rooms. They have a conference building, a 2 bedroom rental cottage, 3 Adirondack glamping tents, 24 rooms with private baths, and in the summer a dockside cafe with dock seating. The Tavern on the lower level seats 36 with a rating to 65 and there is a game room and much more. With 300' of shoreline and well over 3 acres, right in the heart of town, there is potential for more growth. Owners are retiring.

Price History
5/29/2023 Listed $3,420,000

General Features

Sewer PublicSewer,Other,SeeRemarks
Heating Oil,ForcedAir
Utilities SewerConnected
Possession CloseOfEscrow
Roof Metal
Zoning C2
Year Built 1904
Electric Item440Volts
Stories 3
Township Not Applicable
Property SubType Business
Business Type BarTavernLounge
Waterfront Features Lake
Business Name The Woods Hotel
County Hamilton
Net Operating Income -30728.0
Property Type CommercialSale
Possible Use HotelMotel
Status Active
Directions Route 28 to the Hamlet of Inlet,The Woods Hotel is right in the town will easy walking to shops,park,tennis courts and a short drive to the Inlet Golf course.
City Inlet
Body of Water Fourth Lake
High School District Inlet
Zoning Description Commercial
MLS Area Inlet-202800
Waterfront Y/N Yes
Street Name State Route 28
Year Built Details Existing
Tax Annual Amount 30728.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1474169
Days on Market 151
Standard Status Active
Middle/Junior School District Inlet
Elementary School District Inlet
Tax Assessed Value 3107500
TaxOtherAnnualAssessmentAmount 0.0
Virtual Tour //youtu.be/xs_St0uGucA
Property Sub Type Additional Business

Interior Features

Flooring Carpet,Hardwood,Varies
Total Stories 3
Heating Y/N Yes
Fireplace Y/N No

Exterior Features

Parking Features Driveway,OnSite
Water Source Well
Total Parking 30.0
Inclusions Equipment,Land,Building and Business
Lot Size Area 3.7
Number of Buildings 5
Building Area Total 4442.0
Lot Dimensions 400X200
Lot Size Acres 3.7
Frontage Length 400
Lot Size Units Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 13360

Price
AVG $2.03M
$3.42M
Taxes
AVG $16,640
$30,728
Visits
AVG 144
153
Data Provided by Inside Real Estate®
Year Built
AVG 1926
1904
Walkscore
AVG 43
46
Data Provided by Walkscore® not using MLS data

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