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Mixed-Use Hospitality and Residential Property
For Sale
$1,750,000

1114 Main St, Leeds, NY 12451

Includes a 30+ bed hotel, 14 rental units, and five vacant land lots.

Property Size6,090 SF
Price / SF$287.36
Days on Market167

Property Features for 1114 Main St

General Information

Standard status Active
Size 6,090 SF

Additional Details

Multifamily Units 14

Taxes and HOA fees

Annual Taxes $27,717
Listing Agency: Century 21 New West
Listed By: Suzanne Casabella
Source: Exprealty
Added: Mar 2 Changed: Aug 14 Last Checked: Aug 16 at 11:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 New West

Investment Insights

Based on property information with market context.

This mixed-use property at 1114 Main St in Leeds, NY combines hospitality, residential income, and developable land. The portfolio features a 30+ bed hotel with historic architectural character, with upgrades and maintenance performed by the current owner. The hotel also has a new electric and heat system in place. In addition, there are 14 rental units that can support ongoing income.

The remainder of the offering includes five vacant land lots for future development: four lots are approximately 2 acres each, and one lot is approximately 3 acres. The seller describes the hotel and rentals as a combined revenue stream, with the land providing additional paths for residential, commercial, or mixed-use development.

Key Highlights

  • Mixed‑use portfolio in Leeds includes a 30+ bed hotel plus 14 rental units and five vacant land lots.
  • Hotel features historic architecture and has new electric and heat systems in place.
  • Five vacant land lots for future development: four 2‑acre lots and one 3‑acre lot.

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Storage Facility Parking Lot & Garage Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 12451, NY

1,560
Population
545
Households
2.9
Avg Household Size
45
Median Age
11%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
141
Density / Sq Mi
$54,615
Median Household Income
$39,800
Median Earnings
$1,260
Median Rent
$253,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Includes a 30+ bed hotel, 14 rental units, and five vacant land lots.
Where is this hotel located?
The property is located at 1114 Main St Leeds, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Mixed‑use portfolio in Leeds includes a 30+ bed hotel plus 14 rental units and five vacant land lots.; Hotel features historic architecture and has new electric and heat systems in place.; Five vacant land lots for future development: four 2‑acre lots and one 3‑acre lot.
More about this property
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