Salmon River Inn and Venue

Pulaski, New York

Asking Price: USD $845,000
Guest Rooms: 10    7
Owners Quarter: 3    1

Property Overview

Spectacular North Country Inn and additional sister property event venue in the Heart of Salmon River Country!

An extraordinary opportunity to own your dream North Country Lodge and potential wedding venue. Two gorgeous properties - The Henry Clark House, a stunning and profitable 1889 Queen Ann Victorian property, and her adjacent 1840’s Brick Colonial sister property.

Located in the historic district of the bustling village of Pulaski, NY, minutes from world class sport fishing in Lake Ontario and its tributaries. The Victorian features 5 suites totaling 8 bedrooms, 5 kitchens & baths, including the additional 1500 sq ft Carriage House. The 3300 square foot stately Brick Colonial, Birch House, has two further guest suites, each with their own bath, along with additional self-contained second floor owners quarters. It’s huge post and beam carriage house would make a spectacular barn-style wedding venue.

Beautiful, private grounds, ample off street parking and mature trees grace these one and a half acre combined properties. The Clark House currently enjoys excellent demand in this highly desirable area. Having undergone complete and thoughtful renovation in 2022, this flexible property may be set up in a traditional bed and breakfast format, or 5 independent Airbnb apartments.

Birch House, its sister property, is a 5 bedroom 3 bath federal colonial gem, with stunning grounds, and carriage house ripe for development as an event venue. Utilize this elegant home as gracious owners residence, or for its 2 extant guest suites.

Both of the 1500 square foot detached Carriage houses are original to the properties, and are zoned for business. The first features an 6x12 office space, separate residential suite equipped with full plumbing and electric, finished first floor utility room w/laundry, kitchen, shower and bath. Large bedroom sleeps 4, and the spacious second story holds additional possibilities. Additional 15x25’ unheated garage rounds out the structure.

About the Owner's Quarters

Brick Colonial with owners apartment, or convert one of the two spectacular carriage houses to a separate residence.

Features:
  • Has a Barn Barn
  • Is Historic Historic
  • Has a Barn Romantic
  • Has a Wedding Venue Wedding Venue
Lifestyle:
  • Near the Beach Beach
  • Close to Fishing Fishing
  • Near Skiing Ski
Business Description:

Minutes walk from the world class fishery of Northern NY’s Salmon River, a brief minutes drive to Lake Ontario’s Eastern Shore and the Tug Hill Plateau, both properties enjoy year-round demand.

The Clark and Birch House feature keyless electronic entries, and new whole-house, high-speed mesh Wi-Fi system, making them ideal for vacationing guests, corporate housing clients and work away from home.

A sport-fishing fishing Mecca in the Great Lakes, the renowned Salmon River, running through the village of Pulaski NY, enjoys year-round popularity as a North Country vacation and sportsman’s paradise. Properties are a quick walk away from local attractions, restaurants, shopping and amenities. Several diverse income streams, including recreational travel, sport fishing, vacationers and corporate housing have provided an annual gross receipts in excess of $100k. With the addition of events hosting, this could easily double.

Terms of Sale:

Asking price: $850,000.00 for both properties together. As a pair, the houses total over 8000 square feet, and offer two carriage houses, office, garage, parking lot, gardens and 1.5 acres. Offered as a completely turn-key business, with contents and business assets included- property and business will not be separated. Contents include new smart TVs, antiques & bedding & furniture, all appliances & outdoor equipment, high end towels and linens as well as business branding & graphics, client lists and all rights to extant intellectual property and online assets.

Owner financing for contents may be considered for qualified buyers with excellent credit.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Noah Taylor (Listing Agent)
  +1 (315) 778-6473
Keller Williams, LLC

MLS:

S1523568

Sq Ft:

8,800

Owner's Quarters Sq Ft:

1,200

Acres:

1

Year Built:

1889

Last Renovated:

2022

Years in Business:

2
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Financial Overview

Asking Price:

USD $845,000

Cap Rate:

1%

NOI:

USD $0

Annual Gross Revenue:

USD $125,000

Gross Revenue Multiplier:

0x

Revenue Per Room:

USD $0

Occupancy Rate:

60%

Average Daily Rate:

USD $175

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