4920 New York # 28, Old Forge, NY 13420

33 beds33 baths18,000 sqft

For Sale
$2,300,000
Est. Mortgage
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My Notes

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The North Woods Inn is a beautiful and successful resort complex for sale in the heart of The Adirondack Park of New York State. The resort sits on 13.53 acres, has 600 feet of waterfront, and sits elevated with sweeping views of the area's largest and most popular lake, Fourth Lake in Old Forge, NY. The North Woods Inn consists of 29 rooms, with 3 cabins, 18 motel rooms and 8 rooms in the main lodge, all with spectacular mountain and water views. There is a large in-ground swimming pool, very profitable catering business for weddings, banquets, conferences, etc.Additionally, there is a separate conference room, tavern with tavern food and bar, 2 commercial kitchens, fine dining room seating up to 80 people, and staff quarters or an owner/operator apartment. There is also a huge wedding tent that seats up to 250, with associated equipment, that's available but NOT included in the list price.The property also boasts a large dock with 20 brand new slips and a sandy beach, providing lake accessibility for people to come and dine, stay at or simply visit the resort. The North Woods Inn is a very successful business with a double-digit capitalization rate, priced aggressively with a great return on investment. There is also significant potential to grow the existing business, expand the resort's capacity on the large land parcel, and increase revenues in a short amount of time with certain steps. The property has been operated as a resort since its inception, but presents several opportunities for a new buyer to utilize the property for possibly a different use, such as converting to town homes, condominiums, or a possible private residence/retreat for a large family or a group of families. The North Woods Inn presents a unique opportunity to invest and own a piece of the Adirondack lifestyle. Seller financing available for qualified buyers. Call today for the full offering report and to schedule a showing.  More Less 

Facts

  • Lot: 13.53 acres
  • Single Family
  • 268 days on Zillow
  • Cooling: Central, Wall
  • Heating: Baseboard, Forced air, Other
  • Price/sqft: $128

Features

  • Fireplace
  • Patio
  • Pool
  • Porch
  • Security System
  • Sprinkler System
  • View: Mountain, Water
  • Waterfront

Appliances Included

  • Dishwasher
  • Dryer
  • Garbage disposal
  • Microwave
  • Range / Oven
  • Refrigerator
  • Trash compactor
  • Washer

Construction

  • Roof type: Asphalt
  • Structure type: Other

Other

  • Floor size: 18,000 sqft
  • Heating: Gas, Oil
  • Laundry: In Unit
  • Zillow Home ID: 2108109011

Zestimate Details

Zestimate
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$677,264
-$4,314 Last 30 days
$494K
$955K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,383/mo
-$160 Last 30 days
$1.3K
$3.8K
Zestimate range

Popularity on Zillow

Trending! This home is one of the top 10% most visited in the neighborhood this week.
1,573 views since listing
1,693 all-time (chart)
4 shoppers saved
this home to their list of favorites

Home Expenses

Internet, phone and TV
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Neighborhood

Market guide

Zillow predicts Utica Metro home values will rise 3.2% next year.

Learn more about forecast calculations.
 

    For Sale

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    Rentals

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    Other Units in this Building (1)ZestimateBedsBathsSqft
    # 28$778K4312,000

    Nearby Schools in Webb

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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