Historic Hotel with Renovation
2805 State Route 49 Vienna, NY 13308
For Sale
$279,000
Two-story, 6,500 SF building on 2.5 acres with frontage.
Property Size6,500 SF
Lot Size2.50 Acres
Price / SF$42.92
Days on Market95
Property Features for 2805 State Route 49
General Information
Standard status
Active
Size
6,500 SF
Lot size
2.50 Acres
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
(214) 597-8269
Listed By:
Erica Laquidara
(214) 597-8269
Source:
Elliman
Added: Apr 27
Changed: Jul 10
Last Checked: Jul 29 at 9:32AM
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 Erica Laquidara
Investment Insights
Based on property information with market context.
Located on a prominent corner at Route 49 and Route 13 in Blossvale, the former Vienna Hotel is a 6,500 square foot, two-story building presenting a commercial opportunity. The property is set on approximately 2.5 acres and features 582 feet of total road frontage. Significant improvements have been completed, including major updates in 2015 and additional recent upgrades. The roof, siding, heat pumps, and many windows have been updated. The property will be cleared out for its next owner. The main level features a large custom bar, while the upstairs includes four former hotel rooms. Potential uses include a destination restaurant, craft cocktail bar, event venue, or a boutique-style retreat. The location is just minutes from the water.
Key Highlights
- Prime corner location at Route 49 and Route 13 with high visibility and 582 feet of road frontage.
- Substantial recent improvements including roof, siding, heat pumps, and many windows.
- Large 6,500 square foot two‑story building on approximately 2.5 acres.
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $18.00 |
| − Vacancy | −$64.4k | −$9.90 |
| EGI | $52.6k | $8.10 |
| − OpEx | −$27.6k | −$4.25 |
| NOI | $25.0k | $3.85 |
6,500 SF · lease $18.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$357.3K
$312.6K – $416.8K
NOI $25,009 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,902 @ 7.0% cap · market cap 42.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Hotel - Two-story, 6,500 SF building on 2.5 acres with frontage.
Where is this hotel located?
The property is located at 2805 State Route 49 Vienna, NY.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Prime corner location at Route 49 and Route 13 with high visibility and 582 feet of road frontage.; Substantial recent improvements including roof, siding, heat pumps, and many windows.; Large 6,500 square foot two‑story building on approximately 2.5 acres.
