Listing Agency: Corcoran Country Living r***@corcorancl.com Show Phone

Listed By: Richard Vizzini Show Phone

Source: Exprealty

Added: Sep 9, 2024 Changed: Jul 6 Last Checked: Aug 11 at 11:05AM

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Investment Insights

Based on property information with market context.

This restored venue, hotel, pub, and restaurant is located in the heart of the Great Northern Catskills. The property features nine guestrooms, indoor and outdoor event spaces, two custom oakwood bars, a stage, a vintage food truck, a commercial catering kitchen, and a prep and storage basement. The location offers mountain, sunset, and waterfall views of Kaaterskill Clove. It is situated at the junction of Routes 32a and 23a, across from Circle W Sandwich Shop & General Store, and near Kaaterskill Falls, Hunter and Windham Ski Resorts, and North/South Lake State Park. The property is intended for use as a venue, hotel, pub, and restaurant.

Key Highlights

• Turn‑key venue with hotel, pub, and restaurant, offering immediate income potential.
• Prime location in the Great Northern Catskills near popular attractions and major routes.
• Nine well‑appointed guestrooms and indoor\/outdoor event spaces suitable for various events.

Property Analytics

Property Profile

Current Use

Hotels

Suggested Use

Top Pick Building Supply Electrical Service Auto Repair Shop Restaurant Hair Salon (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

68

Businesses Nearby

9k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,698 visits/mo 0.1 miles

Mobil Shops & Services

4,422 visits/mo 0.1 miles

Demographics for 12463, NY

1,405

Population

825

Households

1.7

Avg Household Size

48

Median Age

27%

College-Educated

99%

High-School Grad

7.5 sq mi

ZIP Area

187

Density / Sq Mi

$45,993

Median Household Income

$59,167

Median Earnings

$1,002

Median Rent

$246,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Hotel - Turn-key venue, hotel, pub, and restaurant in the Great Northern Catskills.

Where is this hotel located?

The property is located at 3311 Route 23a Palenville, NY.

What is the asking price?

The asking price for this property is $1,950,000.

What are key features of this property?

This property features: Turn‑key venue with hotel, pub, and restaurant, offering immediate income potential.; Prime location in the Great Northern Catskills near popular attractions and major routes.; Nine well‑appointed guestrooms and indoor\/outdoor event spaces suitable for various events.