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Two restaurants in Colton area closed, for sale

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Two Colton-area restaurants have closed in recent weeks and are for sale.

The Shorelounge Restaurant, Hannawa Falls, has an asking price of $299,000, or $276,500 without the kitchen equipment.

Ten miles away in the hamlet of South Colton, the South of the Rock Inn also has been shuttered and is on the market for $299,000, according to LaValley Real Estate agent Robert T. McLaughlin. He said both properties are listed with LaValley.

Both restaurants closed in late December, Mr. McLaughlin said.

Shorelounge owner Frederick J. Mayer did not return calls regarding his restaurant's closure.

Nicole A. Petrosill, co-owner of the South of The Rock Inn, said closing the restaurant was not related to the economy but was a personal decision.

Mr. McLaughlin said both restaurants feature upstairs apartments, where an owner could live while managing the business or rent the space.

The Shorelounge, near the Raquette River in the town of Pierrepont, sits on two acres of land, with 150 feet of frontage on the water and 260 feet on Route 56, according to Mr. McLaughlin. The two-story building is 3,500 square feet, Mr. McLaughlin said.

The South of the Rock Inn also features a large living space. Mr. McLaughlin said the upstairs is being remodeled into living quarters and the building itself offers 4,400 square feet.

"When the owners are finished, they plan to have one single living area over the restaurant, at least three bedrooms," he said. "The restaurant itself seats 72 people. It's a pretty big space."

The South of the Rock Inn is one of several businesses that have closed in the hamlet of South Colton in recent months. Other businesses to close their doors in 2009 include Adirondack Artisans and the Sunday Rock Coffee Shop.

Colton Town Supervisor Lawrence C. Patzwald said the most recent business closing is noticeable to anyone driving through the Adirondack hamlet.

"Four years ago we had a little boom town and now all of that is gone," Mr. Patzwald said. "The South of the Rock Inn was a very good restaurant. They had excellent food. It was a welcome addition."

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