148 State Route 28 Inlet, NY $ 3,420,000
148 State Route 28
$ 3,420,000
Share Save

148 State Route 28

Inlet, NY, 13360
$ 3,420,000
Baths0.0 Sq 4,442

Monthly Estimate*

$ 22,730

148 State Route 28, Inlet, NY 13360 - Image 1
148 State Route 28, Inlet, NY 13360 - Image 2
148 State Route 28, Inlet, NY 13360 - Image 3
148 State Route 28, Inlet, NY 13360 - Image 4
148 State Route 28, Inlet, NY 13360 - Image 5
148 State Route 28, Inlet, NY 13360 - Image 6
148 State Route 28, Inlet, NY 13360 - Image 7
148 State Route 28, Inlet, NY 13360 - Image 8
148 State Route 28, Inlet, NY 13360 - Image 9
148 State Route 28, Inlet, NY 13360 - Image 10
148 State Route 28, Inlet, NY 13360 - Image 11
148 State Route 28, Inlet, NY 13360 - Image 12
View a Virtual Tour
Studio

Commercial Property for sale in Inlet, NY

for $3,420,000. This 4,442 square foot building was built in 1904 on a lot size of 3.7.

The Woods Inn was just featured in Travel and Leisure Magazine as one of the best places to stay and eat in the Adirondacks. There are 4 new townhomes and two other rental units plus workout area in the newly built Casino behind the hotel. The current owners have permission to build 6 more units on the property as well as utilizing the Town Sewer for the hotel and new units. They added a heated, covered pavilion for weddings and parties. In total there are 30 rental facilities, 27 of which are year round. There are panoramic sunsets from the 4 season enclosed porch, the covered porch and many of the rooms. They have a conference building, a 2 bedroom rental cottage, 3 Adirondack glamping tents, 24 rooms with private baths, and in the summer a dockside cafe with dock seating. The Tavern on the lower level seats 36 with a rating to 65 and there is a game room and much more. With 300' of shoreline and well over 3 acres, right in the heart of town, there is potential for more growth. Owners are retiring.

See more

Commercial Active

Price

$ 3,420,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 30,728

Style

Business

Lot Size

3.7

Year Built

1904

Town/City

Inlet

County/Region

Hamilton

MLS | Web ID

S1474169

Features
General
Sewer PublicSewer Other SeeRemarks
Heating Oil ForcedAir
Utilities SewerConnected
Possession CloseOfEscrow
Roof Metal
Zoning C2
Year Built 1904
Electric Item440Volts
Stories 3
Township Not Applicable
Property SubType Business
Business Type BarTavernLounge
Waterfront Features Lake
Business Name The Woods Hotel
County Hamilton
Net Operating Income -30728.0
Property Type CommercialSale
Possible Use HotelMotel
Status Active
Directions Route 28 to the Hamlet of Inlet The Woods Hotel is right in the town will easy walking to shops park tennis courts and a short drive to the Inlet Golf course.
City Inlet
Body of Water Fourth Lake
High School District Inlet
Zoning Description Commercial
Total Units 0
MLS Area Inlet-202800
Waterfront Y/N Yes
Street Name State Route 28
Year Built Details Existing
Tax Annual Amount 30728.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1474169 //youtu.be/xs_St0uGucA
Days on Market 151
Standard Status Active
Middle/Junior School District Inlet
Elementary School District Inlet
Tax Assessed Value 3107500
TaxOtherAnnualAssessmentAmount 0.0
Property Sub Type Additional Business
See more
Interior
Flooring Carpet Hardwood Varies
Total Fireplaces 0
Total Stories 3
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
See more
Exterior
Parking Features Driveway OnSite
Water Source Well
Total Parking 30.0
Inclusions Equipment Land Building and Business
Lot Size Area 3.7
Number of Buildings 5
Building Area Total 4442.0
Lot Dimensions 400X200
Lot Size Acres 3.7
Frontage Length 400
Lot Size Units Acres
See more
Internal Only
Street Number 1 148
See more
* Excluded Features
List By
Timm Associates Sotheby's

Broker

(315) 369-8682

Phone

Affordability Calculator

$25,291
Per Month
90%
10%
0%
Monthly Principal & Interest
$22,730
Monthly Property Taxes
$2,561
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3040251 Elementary School
3040368 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/29/2023$3,420,000 Listed Price

Map


See all

148 State Route 28, Inlet, NY, 13360 is a Commercial Property for sale at $3,420,000 with 4,442 sqft and a lot size of 3.7. 148 State Route 28 is a studio with 0.0 baths and was built in 1904. The property's zip code is 13360 which is in Inlet, NY