Adirondack Country Homes Realty Inc.
Presented by our Lake Placid Regional Office

518.569.8884

 

 

 

 

 

Inventory #CO0226 - SOLD

 

Solid Branding and Name Recognition

Solid Revenue Performance and Great Location

Drakes Restaurant For sale

 

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 clientelle. 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

Owner Financing Available (inquire)

 

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