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Turnkey Event & Retreat Venue

2215 State Route 80 Otisco, NY 13159

2215 State Route 80, Otisco, NY, 13159

$1,999,900

For Sale

$1,999,900

Fully furnished event barn with on-site lodging and resort amenities near Otisco Lake.

Property Size18,000 SF

Price / SF$111.11

Days on Market49

Property Features for 2215 State Route 80

General Information

Standard status: Active
Size: 18,000 SF
Property subtype: Commercial

Building Details

Year Built: 1920

Listing agency

Listed by Eric O'Mara

Source Elliman

Added: Jun 3 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 8:45AM

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 Eric O'Mara

Investment Insights

Based on property information with market context.

2215 State Route 80 is an approximately 18,000-square-foot, fully furnished and finished event barn and retreat venue built to host weddings and special events. The property includes multiple on-site lodging accommodations for overnight guest stays. A standout feature is a fully renovated silo converted into a one-of-a-kind guest suite that functions as a short-term rental experience. The grounds are set up for entertaining and relaxation, with swimming pools, outdoor entertainment areas, bars, patios, and maintained outdoor spaces.

Located in Central New York near Otisco Lake, the property is designed for destination-style gatherings where guests can remain on-site. With a car-dependent setting, the venue is best suited for operators and hosts who plan for guest arrival by vehicle.

This turnkey setup supports event and hospitality operations for a new owner, whether continuing existing uses or reimagining how the space is programmed. The combination of event space, overnight accommodations, and a distinct short-term rental suite offers a flexible platform for weddings, retreats, reunions, private parties, and other guest-based hospitality concepts.

Key Highlights

Approximately 18,000 SF fully furnished and finished event barn designed for weddings and special events
On‑site lodging accommodations for guests staying overnight during events and retreats
Fully renovated silo converted into a one‑of‑a‑kind guest suite

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$330.5k	$18.36
− Vacancy	−$21.5k	−$1.19
EGI	$309.0k	$17.17
− OpEx	−$139.0k	−$7.72
NOI	$169.9k	$9.44

18,000 SF · lease $18.36/SF/yr · vacancy 6.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.43M

$2.12M – $2.83M (±1% cap)

NOI $169,949 @ 7.0% cap · market cap 8.50%

Second Best

Hotel Hospitality

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,351 @ 7.0% cap · market cap 6.37%

Theoretical Best

Office A

$3.13M

$2.74M – $3.65M (±1% cap)

NOI $218,972 @ 7.0% cap · market cap 10.95%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Resorts

Suggested Use

For sale
Resorts
NY
Otisco
13159
2215 State Route 80

What type of property is this?

Resort - Fully furnished event barn with on-site lodging and resort amenities near Otisco Lake.

Where is this resort located?

The property is located at 2215 State Route 80 Otisco, NY.

What is the asking price?

The asking price for this property is $1,999,900.

What are key features of this property?

This property features: Approximately 18,000 SF fully furnished and finished event barn designed for weddings and special events; On‑site lodging accommodations for guests staying overnight during events and retreats; Fully renovated silo converted into a one‑of‑a‑kind guest suite