Adirondack Country Homes Realty Inc.
presented by our Glens Falls Office
Inventory CO0231 - off market
"Royal Mountain Inn"
Turnkey and Great Corner Location
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Fantastic opportunity for serious restaurateur. This property was totally renovated in 2009. This country style restaurant is located approximately on 4 acres of prime land (large enough for an additional home), and in the center of Route 29 and 10 intersection (both major highways). The Royal Mountain Inn Restaurant was established in the early '30's. The restaurant features new stainless steel kitchen (a chef's delight), 52 seating plus outdoor deck dining. There are living quarters above with three bedrooms. A full bar in the dining room is a nice asset. Grounds are nicely appointed. All furnishings (except personal items) and small wares are included.
Amenities includes: Garage and sheds, all furnishings & equipment included, new generator w/40 amp breaker system, roof (only 5 yrs. old), new 200 amp service, 3,000 s/f of commercial space, 500 gal. distribution tank plus 1,00 gal. septic and 500 gal personal tank; two drilled wells, new 166,000 btu oil hot air heating system and duct work, taxes approximately $3,500/yr.Offered at: $150,000 USD
Time to buy low now, and sell high later. "The Standard-Poor's/Case-Shiller 20-city index of prices has fallen back to where it was in 2003. Housing prices in Phoenix are at 2000 levels, and Las Vegas is revisiting 1999."Bloomberg Businessweek, July 2011
Own this working business for ....