# 5828 Cascade Road, Lake Placid, NY 12946 > **TL;DR:** commercial, $4,750,000 ($100/sqft), built 1978, 47,568 sqft. > A/C. Est. $25,404/mo. Listed 3 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $4,750,000 | | Price/sqft | $100 | | Square Feet | 47,568 | | Year Built | 1978 | | Lot Size | 65,776 sqft (1.51 acres) | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 3 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $24,019 | | Estimated Insurance | $1,385 | | **Total** | **$25,404** | ## Key Amenities - A/C ## Property Highlights - Built in 1978 - 1.51 acre lot - 2 stories ## Description ### Agent Description Excellent Commercial Investment Opportunity in Lake Placid! Located along the highly traveled Route 73 corridor, the Rodeway Inn offers an opportunity to acquire an established 61-room hotel in one of the Adirondacks' premier four-season resort destinations. Also on the property are two apartments. Situated on 1.51 acres, the property enjoys convenient access to downtown Lake Placid, Mirror Lake, the Olympic Ski Jumping Complex, Whiteface Mountain, and numerous year-round recreational attractions. The hotel features an indoor swimming pool, hot tub and ample on-site parking. Currently operating as a lodging establishment, the property presents an opportunity for an investor or experienced hospitality operator to build upon the existing business through renovations, improvements, and repositioning. Lake Placid continues to attract visitors for its Olympic heritage, outdoor recreation, sporting events, skiing, hiking, and year-round tourism. With its established location and proximity to major attractions, this property offers significant potential for a buyer seeking a hospitality investment in the Adirondack region. An opportunity to bring new vision and improvements to an established Lake Placid lodging property. ## Location - **Address:** 5828 Cascade Road, Lake Placid, NY 12946 - **County:** Essex - **Coordinates:** 44.269729, -73.975191 - **Google Maps:** https://www.google.com/maps?q=44.269729,-73.975191 ## Listing Agent - **Name:** Marie Wigger Morgan - **Brokerage:** Merrill L. Thomas, Inc. - **Broker Phone:** 5185232519 - **Listing URL:** [View original listing](http://www.usamls.net/adirondack-champlainvalley/?mls_number=208698&content=expanded&this_format=0) ## Photos ![5828 Cascade Road - Photo 1](http://lh.rdcpix.com/4ade573a15eb1f6254b628c6cf997a78l-f853391103r.jpg) ![5828 Cascade Road - Photo 2](http://lh.rdcpix.com/4ade573a15eb1f6254b628c6cf997a78l-f2635354478r.jpg) --- **MLS#:** 208698 | **Updated:** 2026-10-31 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/5828-cascade-road-lake-placid-ny-12946-4c664c7e30ac4fd2879ae155f507faec) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/5828-cascade-road-lake-placid-ny-12946-4c664c7e30ac4fd2879ae155f507faec#listing", "url": "https://www.propertysimple.ai/listing/5828-cascade-road-lake-placid-ny-12946-4c664c7e30ac4fd2879ae155f507faec", "name": "5828 Cascade Road, Lake Placid, NY 12946", "description": "Excellent Commercial Investment Opportunity in Lake Placid! Located along the highly traveled Route 73 corridor, the Rodeway Inn offers an opportunity to acquire an established 61-room hotel in one of the Adirondacks' premier four-season resort destinations. Also on the property are two apartments. Situated on 1.51 acres, the property enjoys convenient access to downtown Lake Placid, Mirror Lake, the Olympic Ski Jumping Complex, Whiteface Mountain, and numerous year-round recreational attractions. The hotel features an indoor swimming pool, hot tub and ample on-site parking. Currently operating as a lodging establishment, the property presents an opportunity for an investor or experienced hospitality operator to build upon the existing business through renovations, improvements, and repositioning. Lake Placid continues to attract visitors for its Olympic heritage, outdoor recreation, sporting events, skiing, hiking, and year-round tourism. With its established location and proximity to major attractions, this property offers significant potential for a buyer seeking a hospitality investment in the Adirondack region. 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