129 Park StTupper Lake, NY 12986

Property Details for 129 Park St

Lot size

0.08 AC

Property type

Commercial land

APN

162001 490.59-4-13

APU

16200149059413

Description

This exceptional investment opportunity presents a fully approved, shovel-ready plan for a 44-room boutique hotel in the heart of the Adirondack Park, Tupper Lake, NY. Located on a 1.18-acre lot at 129 Park St, this prime location boasts high visibility along NY Routes 3 & 30, ensuring significant exposure to tourists traveling through the Adirondack region. The proposed "Classic Adirondack" style hotel will feature a bar and restaurant, a meeting room, and a fitness area, catering to the growing tourism industry and addressing the current need for additional hospitality services in the area. The project's total square footage is 29,448 square feet, and it's designed to provide a much-needed amenity for visitors. The project has already secured necessary approvals and is poised for immediate construction. Furthermore, there's potential for public funding assistance to further enhance the project's financial viability. Detailed plans are available upon request for serious buyers. This is a unique chance to capitalize on the thriving Adirondack tourism market and establish a significant presence in this desirable location. The asking price for this exceptional development opportunity is $1,150,000. Don't miss this chance to own a piece of the Adirondack experience.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,808,030

  Retail / Commercial

  $922,266

  Mixed-Use / Specialty

  $915,130

  Hospitality / Lodging

  $666,391

  Office

  $905,685

  Institutional / Educational

  $949,991

  Residential Income

  $1,111,490

  Multifamily

  $1,354,400

  Automotive / Energy

  $814,278

  Parking / Income-Based Land

  $284,800

  Restaurant / Food Service

  $467,752

  Healthcare / Senior Housing

  $942,395

Location Insight

City

Tupper Lake

County

Franklin

State

New York

Latitude

44.2242

Longitude

-74.464

CBSA code

31660

CBSA name

MALONE, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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