3873 Rte 9L

Investment Highlights

Building completely gutted and renovated in 2019 A turnkey Restaurant with year-round opportunity Fully-equipped Stainless Steel Kitchen, great condition A fantastic community of loyal customers who frequently patronize the establishment Great Location in Lake George, NY - plenty of parking There is an option for a lease to purchase with a minimum duration of 1 year.

Executive Summary

This is an exceptional opportunity to own a turnkey restaurant in Lake George, NY that experiences high year-round traffic. The East Cove restaurant has been a successful business since 1968 and has established a loyal customer base over the years. The free-standing building boasts a spacious area of 5,855 sq ft and has undergone a recent, top-to-bottom renovation to create a beautiful fine dining establishment. The restaurant can accommodate up to 124 guests and offers a range of amenities, including a main dining room, custom wine lockers, a spacious bar area with high-top dining, a fully-equipped kitchen and new walk-in cooler, four bathrooms, and office space. The main dining room is elegantly decorated with tasteful furnishings that creates a warm and inviting atmosphere. The custom wine lockers are perfect for wine collectors and provide an additional source of revenue for the restaurant. The spacious bar area with high-top dining is perfect for those who want to enjoy a drink and meet locals. The bar features a state-of-the-art bar system that ensures quick and efficient service. The well-maintained kitchen is equipped with top-of-the-line appliances and is capable of handling high-volume orders during peak hours. This place is perfect for anyone looking to indulge in fine dining throughout the year, whether it's for a romantic date night, a family celebration, or a corporate event. With its excellent location and high-quality amenities, the East Cove restaurant is a must-see for anyone looking to invest in the hospitality industry.There is an option for a lease to purchase with a maximum duration of 1 year. The person leasing the property is responsible for paying monthly rent and utilities. Please inquire. All FFE included.

• Sale Type    Investment or Owner User
• Sale Conditions    Business Value Included Business Value Included Lease Option Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Freestanding Restaurant
• Building Size    5,855
• Building Class    C
• Year Built/Renovated    1968/2019
• Price    1,550,000
• Price Per SF    265
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.54
• Land Acres    0.25 AC

• Fenced Lot
• Restaurant
• Security System
• Signage
• Wheelchair Accessible
• Accent Lighting
• Storage Space
• Recessed Lighting
• Air Conditioning
• Smoke Detector