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Adirondack Country Homes Realty Inc.

Our High Peaks Branch Office

518-532-9323

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Inventory #RE0600

 

Great Location at the Intersection to

Titus Ski Mountain

432 Country Route 25, Malone NY 12953, Elevation 990'

(click on any picture to enlarge)

 
1st floor 2nd floor

 

INCOME PRODUCING PROPERTY (has current renters for the past 20 years) .   Great investment for resort hotel/motel or B&B operation.   The property is only 1/2 mile to the slopes of Titus Mountain Ski Resort and also close to the Salmon River for some great fishing!

The home was built in '59 and renovated in '82.  Good condition with new furnace in '17.   There is 3,350 s/f with two apartments currently, with a total of 8 bedrooms (great for large families or B&B conversion) and a total of 16 rooms.   Very spacious home.   The property has 7.5 +/- acres with nice large road frontage on Chasm Falls Road (Route 25).   The home includes 3-car garage in the basement, a nice screened-in back porch, and a wonderful studio (two artist built the home, renown Jane Harwood, and her husband Robert).  The studio was fashioned to bring in the best of day's light.   By evening, one can watch the night skiers from their windows.

If you are considering a 2nd career as a B&B owner, this property would lend itself to many recreational guests (skiing, fishing, hiking and more).     As a duplex, it may be possible for a 4plex due to the size.    Also because of the location, location, and location, a resort operation would be welcomed by the skiers.   The business possibilities due to the location are many.

 

Offered at:  $355,000 USD 

POSSIBLE OWNER CARRY 2ND $100,000.00 FOR 3-YEARS

 

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