Elizabethtown Antonia Watson Brochure

THE HALFWAY HOUSE | ELIZABETHTOWN, NY 7150-7158 US ROUTE 9

HALFWAY HOUSE MOTEL & RESTAURANT THE ASSET OFFERING The Watson International Team at Berkshire Hathaway has been exclusively retained to offer this unique and profitable hospitality business for sale in the heart of the Adirondack Mountains! Boasting a near 10% Cap Rate, the Halfway House Motel and Restaurant offers an unbeatable investment opportunity located 30 minutes from Lake Placid and in close proximity to local and international airports. Gross Income of approximately $500,000 per year is generated from nightly guest room rentals, parking space rentals, food sales, liquor sales, and lottery commissions. After all expenses — including the cost of goods sold, all applicable taxes, utilities, propane, payroll, insurance, repairs, maintenance, sanitation, supplies, food, liquor, lotto, entertainment, and merchant account fees — the asset offering boasts a Net Operating Income of approximately $200,000 per annum.* The roughly 3 year old hotel boasts rustic charm and a bucolic aesthetic featuring local Adirondacks lumber and a cabin theme throughout. Each of the 12 guest rooms contains an en suite bathroom, flatscreen TV, sitting area, coffee maker, microwave, hair dryer, complimentary toiletries, free WiFi, air conditioning, and a private balcony with a breathtaking view of the Bouquet River and Otis Mountain. Parking for each guest room is available for an additional parking fee. Pets are also welcome for an additional fee. Free on-site amenities for guests include a Conference Facility as well as a Game Room equipped with a billiards table, foosball table, shuffle board, darts, TVs, and a Bar Room with a jukebox and music. The on-site restaurant and bar features a delectable menu and an idyllic setting. The hotel is set upon over 10 acres of rich land, attracting guests who seek hiking, fishing and other outdoor activities. The hotel offers a scenic and serene escape for city dwellers. The hotel operates at a minimal vacancy rate. All real estate, fixtures, inventory, and chattel are included in the sale. The opportunity to own a profitable newly constructed hospitality business can be yours. Contact us today to request further information. *Actual Data from the 2020 Calendar Year has been provided herein.

FINANCIALS INCOME & EXPENSES 2020

FINANCIALS INCOME & EXPENSES 2020

FINANCIALS INCOME & EXPENSES 2020

ACCESSIBILITY AIRPORT PROXIMITY The location of the Halfway House Motel and Restaurant is conveniently situated among many regional and international airports, including, but not limited to: • Plattsburgh International Airport • Burlington International Airport • Lake Placid Airport • Adirondack Regional Airport

LOCAL ATTRACTIONS ELIZABETHTOWN The hamlet of Elizabethtown, the original “Pleasant Valley,” is a historical jurisdiction located at the heart of the 6-million acre Adirondack Park, the largest forest preserve in the continental United States. It is situated on the Boquet River, at the base of Hurricane and Giant Mountains. Spectacular mountain views, stunning scenery, and a quintessential old-fashioned charm welcomes visitors. Elizabethtown is home to one of the oldest golf courses in America, namely, Cobble Hill Golf Course. Located at the juncture of Route 9N and Route 9, this course, created in 1896, offers nine challenging holes ringed with majestic pines and Adirondack Mountain views. The Boquet River is a staple destination of Elizabethtown, frequented by avid fisherman and outdoorsmen. Characterized by copious easily accessible fishing sites along the river, the Boquet River offers trout fishing, canoeing, and kayaking. The Adirondack History Museum and Colonial Garden are located in beautiful Elizabethtown. Located on Court Street, the museum is an impressive triplex featuring historical, so- cial and military exhibits focusing on the Adirondack region. The Colonial Garden is a display of formal beds of annuals and perennials, located at the rear of the Adirondack History Museum, adjacent to Hand Avenue. The brilliant local Farmers Market is also operated here. Lincoln Pond State Campsite and Picnic Area is open from May through October, and boasts 35 campsites. Blueberry Hill Trails, part of the Champlain Area Trails System, encompasses over 800 acres in the heart of the Adirondack Park, providing more than 30 miles of marked hiking trails.

NEARBY LAKES LAKE CHAMPLAIN & LAKE PLACID Located just 12 miles from the Halfway House Motel and Restaurant lies Lake Champlain, the eighth largest naturally occurring body of fresh water in the continental United States. At roughly 120 miles in length and 12 miles at its widest point, Lake Champlain boasts over 587 miles of shoreline. The impressive lake occupies three states, New York, Vermont and Quebec, and thus two countries, the United States and Canada. Lake Champlain is special in many ways. It is a paradise for boaters, beach-goers, fishermen, bikers, hikers, hunt- ers, skiing enthusiasts and history lovers. It is legendary for it’s bass fishing, ranking 5th in the United States by Bassmaster. While bass fishing wins Lake Champlain it’s notoriety, many fisherman frequent the lake for it’s trout and landlocked salmon as well. As the lake was once a major throughway for iron ore and lumber ex- ports, and an integral part of the Revolutionary War, it is also known for it’s rich collection of lighthouses, some of which welcome visitors as part of the Adirondack Architectural Heritage sponsored tour, “Lighthouses of Lake Champlain.” In addition to Lake Champlain’s nearly 500 square miles of water, the Champlain Area Trails System includes more than 40 miles of hiking trails with stunning views. An adequate review of Lake Cham- plain tourist attractions would be incomplete without mentioning the American folklore legend, “Champ.” This alleged lake monster has over 300 sightings on record. “Champ” plays a cultural role throughout the region as well. An annual festival such as “Champ Day” in Port Henry, New York, is one of many. In addition, Minor League Baseball Teams and College Leagues use “Champ” as their mascot. Moreover, small businesses in the region even utilize “Champ” as part of their company logo.

LAKE PLACID The Lake Placid Region gained notoriety as the host of the 1932 and 1980 Winter Olympics. It has since be- come a global travel destination that honors it’s Olympic heritage. It is one of the oldest vacation destinations in the United States, and continues to be an internationally renowned holiday destination. The jurisdiction is esteemed as a premier destination for snow sports and other outdoor pursuits, boasting many of the famed Adirondack High Peaks. The region is home to world-class alpine skiing and winter sports, as well as boat- ing, biking, fishing, golfing, and hiking opportunities. In addition, the region is known for welcoming athletes training for the Olympic games. Lake Placid is a charming village near the lake of the same name, in New York State’s Adirondack Mountains. In the center of the town, Mirror Lake contains a shoreline trail frequented by visitors. In addition, Lake Placid Club, Saranac Golf Club and the Ticonderoga Country Club are exquisite locations for golfers to flock to in the Adirondacks. The Lake Placid Olympic Museum is another celebrated attraction, exhibiting artifacts in- cluding Olympic team uniforms and medals. The Historical Society Depot Museum is located in the old train station.

NEARBY CITIES WESTPORT & PLATTSBURGH Plattsburgh is the largest municipality in northern New York State, sitting on the western shore of Lake Champlain, 25 miles south of the Canadian border. The home of SUNY Plattsburgh, the juris- diction is a festive college town in close proximity to Montreal, Burlington and Lake Placid. The city features a culturally-rich downtown, where unique shops, trendy restaurants, and nightlife options in- tersect with historical tributes. Strand Center for the Arts which offers gallery exhibits, art classes, and performances is located downtown, as is historic City Hall which is listed on the National Register of Historic Places and was designed by famed archi- tect John Russell Pope. The museums, monuments and historic houses are a constant reminder of the significance of the region in U.S. history. A battle- ground through three wars, Plattsburgh offers glim- mers into the nation’s past. The former Plattsburgh Air Force Base, which closed in 1994 and dates back to the early 1800s, is the longest active mili- tary installation in the country. Plattsburgh’s recre- ational trails, beaches and parks all lead to Lake Champlain. Water sports and activities, including sailing, fishing, windsurfing, scuba diving, boating, paddling, ice skating and snowshoeing are pastime options here. Plattsburgh boasts one of the longest fresh water beaches in the country.

WESTPORT The Halfway House Motel and Restaurant is also in attractive proximity to the city of Westport, New York. The hamlet provides a major draw for fisher- man, boaters, golfers, performance enthusiasts, art connoisseurs, history buffs and leisure seekers. Ide- ally situated on iconic Lake Champlain, the pictur- esque community of Westport became a popular re- sort destination following the the Revolutionary War, retaining its historic quality and gothic character. For golfers, Westport Country Club boasts a historic championship golf course that is rated as one of Ad- irondacks’ finest. For those seeking performances and art exhibi- tions, the Depot Theatre is a coveted attraction with a fascinating history. Situated between the shores of Lake Champlain and the High Peaks of the Ad- irondacks, the Depot Theatre originated out of a community-wide effort in 1978 to save the historic Westport train station and in 1988 became a profes- sional theatre company operating under an agree- ment with the actors and stage managers union, the Actors Equity Association. In addition to the Depot Theatre, the city of Westport offers live concerts in Ballard Park’s open air pavilion.

WESTPORT Many art studios line the city streets as well. The boating scene is Westport is one of splendor. The city offers a full service marina and New York state boat launch. There are also many waterfront restau- rants with available boat docking which boaters can dine at, including venues such as the Westport Yacht Club. In addition, Westport offers cultural ex- periences such as the annual summer Essex Coun- ty Fair and the Adirondack Harvest Festival, which attracts locals as well as visitors from afar. An array of community activities such as craft fairs, art exhibits, lectures and educational programs are also offered at the Westport Heritage House, a for- mer 1870s Gothic Church which now serves as a visitor center.

PHOTO GALLERY

PHOTO GALLERY

THE HALFWAY HOUSE | ELIZABETHTOWN, NY 7150-7158 US ROUTE 9 15,000 SF CONTACT INFORMATION © 2020 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity. Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.