2003 US-9
Schroon Lake, NY, 12870 $ 989,000
Bedrooms-- Baths7.0 Sq 7,560 Monthly Estimate*
$ 6,245
for $989,000 with 7 full baths. This 7,560 square foot building was built in 1840 on a lot size of 12.5.
Unique Business Opportunity! Rich in history, unmatched in character, and brimming with commercial potential, this extraordinary, turn-key estate offers a once-in-a-generation opportunity to create the Adirondacks' next iconic culinary destination, historic inn, tavern, boutique hotel, or hospitality venue. Originally dating to the late 1700s and famously known as the Silver Spruce Inn and the historic Sally Miller Smith Retreat, this remarkable property sits on over 9 picturesque acres along the Schroon River, complete with waterfalls, English gardens, a gazebo, and two natural springs. Designed for entertaining on a grand scale, the commercial-style kitchen features double ovens, generous prep space, and a dumbwaiter for efficient service between floors. The legendary Prohibition-era speakeasy, ''The Tavern,'' showcases fixtures sourced from the original Waldorf Astoria Hotel, creating an unforgettable setting unlike any other. The impressive Great Hall, anchored by a massive stone fireplace, is ideal for weddings, chef's table dinners, wine tastings, private events, and corporate retreats. Offering approximately 7,560 square feet with 27 rooms, including nine bedrooms (six with private baths), seven fireplaces, two wood stoves, original servant call stations, secret passages, and a historic Glenwood cookstove, the estate seamlessly blends timeless craftsmanship with modern functionality. Perfect for a destination restaurant, chef-owned culinary retreat, luxury lodge, wellness retreat, private club, event venue, or an exceptional private residence, this one-of-a-kind property is limited only by your imagination. A truly rare opportunity to own one of the Adirondacks' most distinctive historic hospitality properties, where timeless character, commercial versatility, and unforgettable guest experiences come together. Seller may consider owner financing for qualified buyers. Furnishings are negotiable.
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FeaturesInteriorInterior Amenities High Speed Internet Built-in Features
Basement Exterior Entry Finished Full Heated
Flooring Hardwood
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 7
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GeneralSewer Septic Tank
Heating Baseboard Hot Water Propane Tank Owned Wood Oil
Cooling Window Unit(s) Other
Possession At Closing
Roof Slate
Zoning Single Residence
Patio/Porch Features Enclosed
Construction Materials Wood Siding
Year Built 1840
Electric 200+ Amp Service Generator
View River
Property Subtype Business
Waterfront Features Lake/River Across Rd River Front
County Essex
New Construction N
Property Type Commercial Sale
HOA N
Attached Garage N
Possible Use Boarding House Business Farm Hotel/Motel Mixed Office/Retail Restaurant Tavern Tavern Plus Equestrian
Other Structures Gazebo
Status Active
Directions Take Rt 87 to exit 28 N on Rt 9 for about 2 miles on left.
High School Schroon Lake Central
City Schroon
Body of Water Schroon River
High School District Schroon Lake
Lot Size Units Acres
Lot Size Square Feet 402930.0
Carport Y/N N
Elementary School Schroon Lake Central
Land Lease Y/N N
Tax Annual Amount 7283.37
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Concessions No
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 0
Tax Lot 34.036
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ExteriorExterior Amenities Garden Lighting
Parking Features Off Street Stone Workshop in Garage Garage Door Opener Heated Garage
Lot Features Views Meadow Mountain(s) Road Frontage Level Wooded Garden Landscaped Waterfront
Water Source Other Spring
Total Parking 10.0
Lot Size Area 12.5
Number of Buildings 1
Spa N
Building Area Total 7560.0
Lot Dimensions 941x454x492x580
Lot Size Acres 12.5
Waterfront Y/N Y
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByGlenn HarrisListing Agent
gth@LakeGeorgeRe.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,245
- Monthly Property Taxes
- $607
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Schroon Lake, NY
Average List Price $650,271
Percent of Sale Price 34%
About Schroon Lake, NY 1,498 Population
-8% Since 2002
$ 44,721 Median Income
51.75 Median Age
15% Households with Children
Trends Information provided by ATTOM Data Solutions.
3061666 Elementary School
944417 Middle School
Schroon Lake Central High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/2/2026 | $989,000 | -1.10% | Price Down |
| 4/27/2026 | $999,999 | | Listed Price |