$2,500,000

217 Main Street

Saugerties NY, 12447

Description

Boutique style Hotel with restaurant is located in Village of Saugerties just off NYS Thruway Exit 20 and about 100 miles from NYC. Property offers 17 hotel rooms, 1 two bedroom apartment, 1 store-front rental ($950 a month) and a thriving restaurant and bar business. Three of the hotel rooms are renovated, one with a full bath in the room, the other two renovated rooms have shared baths in the hall, the other 14 rooms need renovation and are not in rentable condition. Restaurant and bar is owner operated, the business is included in the sale. Saugerties is know for its thriving Horse Shows in the Summer season, know as HITS (HITS-on-the-Hudson) it is a nationwide company with world-class hunter/jumper circuits in 5 states. The Village is flooded with with out of town guests during the Summer and early Fall participating and watching the events. The hotel has tremendous growth potential, the 14 remaining rooms need renovation but well worth the investment, there is only one other hotel in the Village and lodging is very hard to find.

Details

MLS#10624725
StyleIndustrial
Sub-TypeResale
StatusActive
Year1817
Days On Site144

Features

SQ Feet8,912
Story(s)0
Units20

Loading Form

Loading Form

Area Information

StateNY
CitySaugerties
Zip Code12447
Listing VS Median (in 12447)
Price:
$2,500,000
low | high
Med:
$2,500,000
50% of Average
SqFt:
8,912
low | high
Med:
8,912
50% of Average
$ / SqFt:
$281
low | high
Med:
$281
50% of Average
On Site:
144
low | high
Med:
144
100% of Average
Listing Updated: 12/08/2019
MLS Number: 10624725
Listing Provided By:
Gregory Berardi  of  Win Morrison Realty