LAKE GEORGE — The popular Lake George restaurant Duffy’s Tavern is for sale.
Co-owner Linda Duffy said the family is looking to move on.
“My husband’s been doing it for 40 years —myself for over 20 years. We have two teenage girls. It’s just time to slow down a little bit,” she said.
Duffy said her daughters will be heading off to college soon and she wants time to enjoy life and watch them play sports.
“I don’t plan on going anywhere,” she said.
The restaurant and bar at 22 Amherst St. is one of three parcels owned by the Duffys that are for sale — either separately or as a package.
The 320 Canada St. property is home to Duffy’s Corner Deli & Convenience. The deli business and all equipment is included in the sale. The 326 Canada St. property is home to the Bank Café, which leases the space from the Duffys. There is also another 1,500 square feet of space attached to Duffy’s that was formerly a liquor store.
Howard Hanna is the broker handling the sale. The asking price is $4,375,750 for all three properties, or $2.827 million for just the restaurant.
“Maybe just one parcel will sell right now. Who knows?” Linda Duffy said.
Duffy said there is no specific timetable on when she hopes the sale would be completed.
“We’re not looking to give it away,” she said. “We’ll see what happens in the next year or two.”
Duffy said she would miss her regular customers and the employees.
“We’ve got some good employees that have been with us for a number of years. We’ve pretty much become a family,” she said
Duffy said she will continue to be active in the community. She has been in charge of the New Year’s Day Polar Plunge for close to two decades. Duffy also organized the Lake George Winter Carnival, but has stepped back from that role. She remains a volunteer.
Duffy said she is not sure what her next endeavor will be.
“I’m not old enough to retire,” she said.
The businesses are doing well, she added.
Real estate agent Charles Curto said he is optimistic the property will sell. He is already receiving calls based upon advertisements in different publications.
The property sits in a prime location across the street from the Marriott hotel. Curto owned the Sicilian Spaghetti House, which was one of four buildings knocked down for the hotel. He said a developer may see this property as an opportunity to attract more year-round business to Lake George.
“Now, with the Marriott there, it’s bringing in a lot of the different organizations for meetings — the conventions and different-type things like that. It’s generating people coming into town in the winter,” he said.
A prospective buyer might want to keep the business or might want to knock down the buildings and start over, Curto said.
“If they’re a restaurant/bar-type guy, they might buy it for Duffy’s because they do very, very well,” he said.
He anticipates that interest will pick up around the end of February, which is when the real estate market heats up in Lake George.