Mario's Restaurant of Lake George 429 Canada St

Investment Highlights

Exceptional Italian-American Restaurant in its 70th year of family ownership! Great Location in the Village of Lake George - plenty of parking! Live above the store! Three bedroom apartment for Owner! Open All Year! Lake George is America's first Vacation Destination! Modern Stainless Steel Kitchen! All equipment updated & like new! Enormous Potential to take this iconic restaurant to the next level!

Executive Summary

Mario's of Lake George is well known as an exceptional dining experience for locals and tourists alike! Since 1954 this landmark restaurant has been owned by Paul & Nancy Nichols, and has been serving delicious cuisine to multi-generational families! If you?re in Lake George, this is the place to come and enjoy great food & service. Mario's is located at the north end of Lake George Village, in the beautiful Adirondack Mountains of upstate New York, and is now marking its 70th year under one family ownership. Both Italian and American fare are featured, from imported pastas, with a vast array of made to order sauces, to fresh seafood, steaks, chicken, pork chops, as well as hand cut veal specialties. From Osso Buco to Steak Pizzaiola, Chicken Marsala to Chicken Scampi to Chicken or Veal Saltimbocca. Salmon Filet to Seafood Fra Diavolo, Mario's has something to satisfy everybody! A full liquor license and a fine wine menu is always available to compliment your meal!

• Sale Type    Investment
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    5,630
• Building Class    C
• Year Built/Renovated    1950/2022
• Price    2,395,000
• Price Per SF    425
• Cap Rate    10
• NOI    239,500
• Tenancy    Single
• Building Height    3 Stories
• Building FAR    0.32
• Land Acres    0.41 AC

• Bus Line
• Fireplace
• Pylon Sign
• Signage
• Accent Lighting
• Storage Space
• Air Conditioning
• Balcony