Property Description

Exceptional Opportunity! 1st Time all 4 Buildings on this .68 acre commercially zoned multi use parcel have been offered together. THE LAST MULTI UNIT ON LAKE PLACID LAKE! 32′ of frontage directly on Paradox Bay, a view of Whiteface Mountain from the water’s edge, 3 charming historical residences and an oversized storage shed. Incredible location on one of the main roads leading into Lake Placid promises a commercial investor prime exposure with potential as retail/office/lodging/corporate retreat/wedding venue. For the family looking to capture a generational compound on the water, the grassy, level back yard at the water’s edge is private and quiet. DEC dredging permit in place and transferrable to allow for a dock and deep water slip for exploring all of Lake Placid Lake. Paradox Lodge, once a well-established intimate restaurant and B&B,  is 2200SF 4BR 4.5BA with a wrap-around porch, parlor, commercial kitchen and dining room in place. Cedar Lodge is 1700SF 4BR 4BA with oversized ensuite baths and custom woodwork, currently operated as an AirBnB with rooms rented individually. There is no kitchen in Cedar, since tenants would dine at Paradox next door.  Highlights include an attached garage, oversized foyer and separate laundry. The owner’s cottage is 1100 SF, w 1BR 1BA and a kitchenette. The 4th structure is a shed with potential for conversion to a garage and/or liveable space. Ample Parking with a horseshoe driveway for easy ingress and egress.