Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3264/multifamily/wells/ny Marcus & Millichap is pleased to offer 1454 State Route 30, a unique opportunity to acquire a former rehabilitation/hospitality property in the Adirondack community of Wells, New York. The Property is being offered significantly below replacement cost, presenting a compelling opportunity for owner-users or investors to acquire a well located, adaptive reuse asset at an attractive basis. FIRST BID MEETS RESERVE! The Property includes a ±8,661-square-foot, 17-bedroom building on ±2.2 acres with a commercial kitchen, dining room, lounge/study areas, basement space, and existing hospitality-oriented infrastructure. Positioned along Route 30 near Lake Algonquin, the asset is well suited for a buyer seeking an adaptive reuse opportunity for lodging, retreat, group housing, wellness, nonprofit, institutional, or other destination-oriented uses, subject to buyer due diligence and applicable approvals. The surrounding Adirondack Park location offers access to outdoor recreation, small-town character, and regional tourism demand, while the reported absence of local zoning may provide additional flexibility, subject to Adirondack Park Agency and other regulatory review. Wells, New York is a small-town Adirondack submarket in Hamilton County, positioned along Route 30 in the southern Adirondacks and shaped more by tourism, recreation, and second-home demand than by traditional traffic drivers. The town and surrounding area benefit from year-round outdoor appeal tied to lakes, hiking, snowmobiling, and the broader Adirondack visitor economy, while Hamilton County’s economic development efforts continue to support small business and tourism-related activity.