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1815 State Route 8, Lake Pleasant, NY 12108

47 Photos
West side of building
$825,000
Active for Sale
 
Listing ID 11251827
Property Type Commercial Business
Commercial Type FOOD SERVICE, Diner, Restaurant, Bar
County Hamilton
Township Lake Pleasant
School Piseco Common School District
Total Tax $3,979
Tax ID 120.017-1-34
FEMA Flood Map fema.gov/portal
Year Built 1940
Virtual Tour

Rustic Adirondack Tavern with Many Possibilities

The Oxbow Inn is a successful business in a prime location with a rich history. Sitting on approximately 4.2 acres, it also has 345 ft of lakefront on Oxbow Lake. Currently, it is being used as full-service restaurant and bar which boasts excellent reviews. The restaurant has many updates including a new kitchen. Upstairs offers several rooms to rent or use as the new owner sees fit. There is a small apartment on the west side of the building and a separate 2-bedroom mobile home with covered porch. There is also a 2-car garage. The outside offers extra event space, has a nice deck, propane fireplace and pergola. Out on the large lawn there is plenty of room to host outdoor events. Currently there are picnic tables, 2 lean-tos outfitted with power, a fire pit which all offer a nice area for live music, games and fun. The owner has invested in a 1000-gal gas tank to service snowmobiles in the winter, as the trail comes directly to the property. The recently installed large generator can handle any power outages that may come. If you are looking for a turnkey business with a good reputation, look no further! Possibilities for this property are endless!
Property Details
  • 2 Full Baths
  • 3 Half Baths
  • 5000 SF
  • 4.20 Acres
  • Built in 1940
  • Renovated 2016
  • 2 Stories
  • Available 2/24/2024
  • Full Basement
  • 1000 Lower Level SF
  • Lower Level: Unfinished, Walk Out, Bilco Doors
  • Renovation: Bar,3 Bathrooms, Owners Apartment, Kitchen 1, Expanded Kitchen 2 + stainless steel walls/new flooring, new propane heating system w/ on-demand hot water, new septic system, compressors, evaporators and automatic generator. Ask for list! There's more.
Unit Information
Unit #1Manufactured Housing/Mobile Home, Gross Area: 744, Bedrooms: 2, Full Baths: 1
Unit #2Residential Income, Gross Area: 500, Bedrooms: 1, Full Baths: 1
Interior Features
  • Carpet Flooring
  • Ceramic Tile Flooring
  • Hardwood Flooring
  • Laminate Flooring
  • Alarm System
  • Fire Sprinklers
  • Baseboard
  • Hot Water
  • 7 Heat/AC Zones
  • Propane Fuel
  • Wood Fuel
  • Wall/Window A/C
Exterior Features
  • Frame Construction
  • Wood Siding
  • Metal Roof
  • Detached Garage
  • 2 Garage Spaces
  • Private Well Water
  • Private Septic
  • Open Porch
  • Room For Pool
  • Driveway
  • Survey
  • Trees
  • Utilities
  • Street View
  • Water View
  • Lake View
  • Mountain View
  • Scenic View
  • Lake Waterfront
  • Water Frontage: 343
Commercial Info
  • Monthly Price Sq Ft: 0.00
  • Annual Price Sq Ft: 0.00
  • Oxbow Inn (Business Name)
  • 60 Parking Spaces
Income/Expenses
  • Gross Income $854,712
  • Net Income $633
  • Operating Exp $345,618
  • Management Exp $22,000
  • Maintainence Exp $21,615
  • Legal Exp $1,151
  • Insurance Exp $45,201
  • Heat Exp $12,000
  • Electric Exp $12,000
  • Misc Exp $13,260
  • Paid by Landlord: Electric, Heat, Gas, Insurance, Ground Maint.
Taxes and Fees
  • $684 School Tax
  • $3,295 County Tax
  • $3,979 Total Tax
  • Tax Year 2024
Listed By
ALICIA C MILLER REAL ESTATE INC
Office: 518-924-4255
Listing data is deemed reliable but is NOT guaranteed accurate.
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