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Madison Inn & Suites For Sale

121 Pike Road, Sackets Harbor, NY 13685

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For Sale

$1,450,000

Inn & Suites with suites and standard rooms available for sale.

Type:Hospitality

Property size:

11,582 SF

Price / SF:

$125/SF

HighLights

Eleven suites feature full kitchens, offering extended stay options and self‑sufficiency.
Option to purchase with the Theatre, Madison Barracks Marina, and Fitness Club, creating a potential investment opportunity.
Black Water Bay views available from some rooms and the porch.
Flexible rental options: overnight, weekly, or monthly.
Conveniently located near grocery stores, restaurants, and other amenities.
Open year‑round.

We can help!

Listing Contact

Thomas Lockwood

For Sale

$1,450,000

Inn & Suites with suites and standard rooms available for sale.

Type:Hospitality

Property size:

11,582 SF

Price / SF:

$125/SF

Added:: Nov 21, 2025
Days on Market:: 203
Last Refresh:: May 19 at 8:28 pm

Property Features for 121 Pike Road

General Information

Standard status: Active
Size: 11,582 SF
Property subtype: Hospitality

Building Details

Year Built: 1907

We can help!

Listing Contact

Thomas Lockwood

Listing agent Thomas Lockwood License #30LO0935938

Listing office Empire Realty Group

Listing date Nov 21, 2025

Source Huntcommercial

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 Empire Realty Group

HighLights

Eleven suites feature full kitchens, offering extended stay options and self‑sufficiency.
Option to purchase with the Theatre, Madison Barracks Marina, and Fitness Club, creating a potential investment opportunity.
Black Water Bay views available from some rooms and the porch.
Flexible rental options: overnight, weekly, or monthly.
Conveniently located near grocery stores, restaurants, and other amenities.
Open year‑round.

Overview

The Madison Inn & Suites features uniquely different rooms, including eleven suites with full kitchens and seven standard-size rooms. The Inn accommodates overnight, weekly, or month-to-month stays and operates year-round. Some rooms offer views of Black Water Bay. Guests can enjoy sunset views from the porch. The property is located near grocery stores, a pizza shop, a liquor store, a laundromat, and restaurants. The property size is 11582 square feet. It can be purchased with the Theatre, Madison Barracks Marina and the Fitness Club. The cross street is Backus Road.

Local Financial Insights For Hotel Hospitality

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$293.3k	$25.32
− Vacancy	−$33.4k	−$2.89
EGI	$259.8k	$22.43
− OpEx	−$136.4k	−$11.78
NOI	$123.4k	$10.66

11,582 SF · lease $25.32/SF/yr · vacancy 11.40% · expense 52.50%

Alternative Uses

Best Use

Hotel Hospitality

$1.76M

$1.54M – $2.06M (±1% cap)

NOI $123,417 @ 7.0% cap · market cap 8.51%

Second Best

—

no second resolved use

Theoretical Best

Office A

$3.19M

$2.79M – $3.72M (±1% cap)

NOI $223,486 @ 7.0% cap · market cap 15.41%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Madison Barracks Apartment Building

Suggested Use

Location Insight

Map
Local Demand

City: Sackets Harbor
County: Jefferson
State: New York
Longitude: -76.1105
Latitude: 43.9535

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Historic Fitness Center at Madison Barracks

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For sale
Hotels
NY
Sackets Harbor
13685
121 Pike Road

What type of property is this?

Hotel - Inn & Suites with suites and standard rooms available for sale.

Where is this hotel located?

The property is located at 121 Pike Road Sackets Harbor, NY.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: Eleven suites feature **full kitchens, offering extended stay options and self‑sufficiency.**; Option to purchase with the Theatre, Madison Barracks Marina, and Fitness Club, creating a potential investment opportunity.; **Black Water Bay views available from some rooms and the porch.**