Inventory #CO0199

EXTRAORDINARY DEVELOPMENT POTENTIAL

100+ ACRES IN HIGH TRAFFIC HIGH VISIBILITY LOCATION ---   LAKE PLACID, NY VICINITY

PROFITABLE ….WITH PERMITTED EXPANSION

SHERWOOD FOREST MOTOR INN – Now operates operating as a Cabin Rentals and Site Rental Hospitality Business and can ease economic transition while development designs evolve and essential permits are secured, construction marshaled, etc.   Site has 100+ acres in high traffic, commercial business zoning, and high visibility location.

FUTURE USE:  Institutional campus (Education, religious, research, high tech manufacturing), Hotel/motel, RV Park, Single Residence/Town Homes, Upscale Retail/restaurant w/approval, Day Care Facility, Nordic Ski Center, Two family dwellings, Mobile Home Court, Tourist rooming house, B&B, Retail or Service Trade, Shopping Center or Country Gift Shops – Tourist Attraction, Convenience Store, Business Complex, Public/municipal Center, Church Complex, Research Facility, Science Labs & Development Center, Multi-family Dwellings, Mixed Commercial – residential sites, Residential Campsite, Light Industrial use and others.  The pictures below DO NOT speak a thousand words, as there is so much more to develop on this parcel.

100+ ACRES, COMMERCIAL ZONE, LOTS OF ROAD FRONTAGE:

• 100+ acre core wooded site, partially developed with 30+ buildings, located on high traffic highway between famous resort villages of Lake Placid and Saranac Lake in the beautiful Adirondack Park
• Site has 2 body of water - Wolf Lake / Duprey Pond and prior site of Raybrook’s town water (and possible bottled water marketing), a pond, existing profitable amenities (cabin and RV Park) and spectacular views.
• Present development includes
  • Two rustic log cabin complexes
    • One on the main road, 10 units
    • One tucked in the woods, 21 units
  • Lake for swimming and boating
  • Owner’s Residence and Office - a charming 3 bedroom home
  • 20 Unit Recreational Vehicle Park - permitted to 50 units, all with individual septic and electrical
  • Easy entry to “back country” wooded property at slightly higher elevation
• No permits or zoning approvals needed for 25 unit new motel.
• Profitable low cost hospitality business -SHERWOOD FOREST MOTOR INN - of cabin and site rentals to ease economic transition while development designs evolve and essential permits are secured, construction marshaled, etc.
• First Rights of refusal for additional adjacent Duprey prior owned parcels that totals 240 acres

Adirondack Lake	RV Park
Raybrook's Old Town Water Supply Spring	Commercial Business Zone

Inventory Reference:  CO0199     OFFERED AT $ 8.5M

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