Adirondack Country Homes Realty Inc.
presented by our Schroon Lake Office
Solid Branding & Name Recognition
"Drakes Restaurant & Motel"
Virtual Tour (click here)
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Solid Revenue Performance and Great Location
Well-known historic restaurant and motel offered in excellent turnkey condition. Solid branding and name recognition with continuous operation for almost 70 years and loyal clientele. Recently updated kitchen with state of the art equipment. Fully automated and integrated POS system with touch screen technology. Solid revenue performance and great location with frontage on US Route 9 and less than 1 mile from Interstate. Currently open Memorial Day to Columbus Day, but can easily become a year-round operation. Close to snowmobile trails and acreage behind motel for possible expansion.
Amenities includes: Lot size: 2.62+/- (two lots), 5,500 s/f, built in 1940/49, town water & private septic, 2 attach garages, all furnishings & equipment included, mixed wall treatments (knotty pine, panel, sheetrock), mixed flooring (laminate, wood, vinyl), oil hot air heat (restaurant) and electric heat (motel), metal and shingle roofing (new), wood siding, paved parking, standing signage. Leasing options available (inquire).Offered at: $575,000 USD
Time by buy low now, and sell high later. "The Standard-Poor's/Case-Shiller 20-city index of prices has fallen back to where it was in 2003. Housing prices in Phoenix are at 2000 levels, and Las Vegas is revisiting 1999." Bloomberg Businessweek, July 2011
Own this working restaurant for ....