365 River DrLake Luzerne, NY 12846

Property Details for 365 River Dr

Year built

1960

Lot size

5.00 AC

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional hospitality property, situated on five acres along the scenic Hudson River in Lake Luzerne, NY, presents a unique investment opportunity. The property boasts twelve recently renovated cottages, comprising a seven-bedroom lodge, a four-bedroom house, and ten two-bedroom cottages, all featuring fully equipped kitchens. A total of 31 bedrooms are available across the twelve units. The property includes a newly constructed dock, a small beach area, a pontoon boat, kayaks, and a keyless entry system, minimizing operational costs and maximizing efficiency for short-term and long-term rentals. Built in 1960 and extensively renovated in 2024, the property is zoned RT and consists of twelve buildings across two stories. Its prime location offers year-round rental potential, with easy access to popular destinations like Lake George and Saratoga Springs (15 minutes away), and Albany International Airport (45 minutes away). The lodge and three other units are winterized, while the remaining units are seasonal. This turnkey operation presents strong upside potential, given its recent renovations and prime location within a highly desirable tourist area, just three hours from both Boston and New York City. The property's amenities and proximity to outdoor recreational activities in the Adirondacks make it an ideal destination for vacationers seeking a tranquil escape. This is a rare opportunity to acquire a well-maintained, income-generating property with significant growth potential.

Location Insight

City

Lake Luzerne

County

Warren

State

New York

Latitude

43.2726

Longitude

-73.8266

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