About This Home

This 0-bedroom, 0-bathroom commercial at 5825 Cascade Rd in Lake Placid, NY is listed for $1,700,000 ($204 per sqft). Built in 1975, the home offers 8,344 sqft of living space on a 1.10 acres lot.

Key Features

  • Built in 1975
  • 1.10 acre lot
  • 2 stories
  • 21 parking spaces

Property Details

2 stories
21 spaces
1975

Amenities

A/C
Listing Description

The Carriage House Motel offers a hospitality investment opportunity in the Olympic village of Lake Placid. The property has 17 Rooms and a three-bedroom, two-bath home. Located along Route 73, just minutes from Main Street and Lake Placid's shops, dining, and Olympic venues, this well-positioned property benefits from tourism driven by outdoor recreation, international sporting events, and the natural beauty of the Adirondacks.

The motel features a mix of guest rooms, each with air conditioning, WiFi, and in-room conveniences such as refrigerators and cable TV, and ample on-site parking. The Carriage House Motel combines strong location appeal with a practical lodging format that caters to budget-conscious travelers, families, and groups.

Proximity to major attractions such as the Olympic Jumping Complex, Mirror Lake, Whiteface Mountain, and the High Peaks Wilderness ensures consistent demand across all four seasons. This offering presents investors with the chance to own a stable, hospitality asset in one of the Northeast's most desirable mountain resort destinations.

Monthly Cost Estimate

$9,092/mo

20% down · 6.5% · 30 years

Principal$1,229
Interest$7,367
Insurance$496

Estimates only. Actual payments may vary.

Location

5825 Cascade Rd

Lake Placid, NY 12946

Property Details

Construction

Wood Siding

Heating

ZonedBaseboard

Cooling

Multi Units

Appliances

Ice MakerWasher/DryerWater Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 5825 Cascade Rd is listed at $1,700,000 ($204/sqft). The estimated monthly payment is $9,092 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1975, 1.10 acre lot, 2 stories, 21 parking spaces.

This property is listed by Marie Wigger Morgan.

MM

Marie Wigger Morgan

Agent at Merrill L. Thomas, Inc.

Listed by Merrill L. Thomas, Inc. · Broker phone: 5185232519 · View on Broker Site · Broker website

MLS# 205889· Source: Adirondack Champlain Valley MLS· 402 days on PropertySimple

Copyright © 2026 Adirondack Champlain Valley MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5825 Cascade Rd, Lake Placid, NY 12946

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