30 Acres at Interstate Exit - Near Lake George

Chestertown, NY
Warren County


Asking Price: Annual Revenue:
$2,990,000 Not Disclosed

Commercial Real Estate: Land


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RE: 30 Acres at Interstate Exit - Near Lake George Broker: Stephen "Steve" Borgos

Quick Facts

Asking Price: $2,990,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: NY
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 300015004
Broker Reference #: I-87 - 8

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Business Overview:

The last known vacant commercial parcel immediately adjacent to an Adirondack Northway [I-87] Exit. This is in the southeastern portion of the Adirondack Mountains and convenient for travelers to Lake Placid and Montreal.

This is perfect for a major outdoor recreation retail project [Bass Pro Shops/Cabela's, etc.] or a Lowe's or Home Depot, or a hotel or supermarket chain. Most traffic is long distance travel related, although this is an area of many seasonal homes and outdoor activities. This location would be perfect for one or more restaurants. Great visibility.

Owner prefers to sell as one parcel, but smaller parcels may be considered. If purchased as corporate stock, owner will offer substantial price reduction.

Listing broker is the president and majority stockholder of the small corporation which owns the property.

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Property Features and Assets:

Vacant land: mostly flat with sandy soils. 1,900 feet of frontage along I-87 [Adirondack Northway]. Within the Adirondack Park, but most of the land is zoned as "Hamlet", which is the most flexible zone available.. Immediately at Exit 25 at Chestertown, and directly across the road from a New York State Department of Transportation staging area. 1/2 mile from a regional public school. NO PREDETERMINED DENSITY LIMIT in Hamlet zone. SPDES permit in place! Survey completed. Test pits done. The deed restriction against sale of petroleum products has expired!!

Market Competition and Expansion:

This is vacant land waiting to be developed. Visible and accessible. Electric power at site. Services for travelers are needed in this area. Potential to establish one or more destination businesses.

Reason for Selling:

Land sale.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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