$1,650,000
$1,950,000
15.4%For more information regarding the value of a property, please contact us for a free consultation.
12,625 SqFt
SOLD DATE : 06/30/2026
Key Details
Sold Price $1,650,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 12,625 sqft
Price per Sqft $130
MLS Listing ID 205985
Sold Date 06/30/26
Year Built 1979
Annual Tax Amount $12,335
Lot Size 197.710 Acres
Acres 197.71
Property Sub-Type Business
Source Adirondack-Champlain Valley MLS
Property Description
A rare opportunity at the entrance to Olympic Village of Lake Placid, this nearly 200-acre property combines a rich recreational legacy with development potential. Formerly the Cascade Cross-Country Ski Center, the property includes miles of ski/trail running/mountain biking trails, an 12,500± SF lodge with retail, restaurant, bar, ski shop, bunkhouse lodging, and two recently remodeled apartments—one a one-bedroom, one-bath; the other a two-bedroom, one-bath—each with spectacular mountain views.
Set within a 200-acre boreal forest of spruce, balsam, and tamarack, the land borders state wilderness and connects directly to the Jackrabbit Trail and the Olympic trail network at Mount Van Hoevenberg. A year-round brook, beaver pond, and views into the High Peaks define the landscape.
Recent improvements under current ownership have enhanced infrastructure, trail systems, and lodging facilities. Additional features include a maintenance building, ample parking for 100+ vehicles, and on-site employee housing.
Ideally situated along a busy approach into the Village of Lake Placid on RT 73, the property enjoys exceptional visibility and access—just minutes from Main Street, Whiteface Mountain, High Peaks hiking and back country skiing, and the region's renowned Olympic venues. Its scale, setting, and infrastructure make it suitable for hospitality, recreation, or private use of uncommon scope and quality.
Location
State NY
County Essex
Zoning Commercial
Direction From downtown Lake Placid, head northwest on Wilmington Road and turn left onto South Main Street/Sentinel Road. Continue for approximately 0.6 miles, then continue onto NY-73 East/Cascade Road. Follow NY-73 for about 4.2 miles; property is on the right.
Body of Water Other
Schools
School District Lake Placid
Others
Senior Community No
Tax ID 52.1-1-54.100
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