Inn with
For Sale
$1,750,000
56 Main Street, Stamford, NY 12167
A downtown lodging property combines guest accommodations with event, dining, and gathering spaces.
Property Size16,000 SF
Lot Size0.63 Acres
Price / SF$109.38
Days on Market461
Property Features for 56 Main Street
General Information
Standard status
Active
Size
16,000 SF
Total Parking Spaces
12
Lot size
0.63 Acres
Property subtype
Commercial
Zoning
414, Commercial
Taxes and HOA fees
Annual Taxes
$13,937
Amenities
Innkeepers suite with full kitchen
grand ballroom/conference center
dining area/bar area
geothermal radiant floor heat
lounging area for 2nd floor guests
elevator access
basement potential
large balcony
covered front porch
Bedroom on Main Level
Building Details
Building Size
16,000 SF
Year Built
1900
Buildings
1
Stories
3
Listed By:
Heidi Westcott
(315) 796-9034
Source:
Deeprootedrealty
Added: Jul 25, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:46AM
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 Heidi Westcott
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Investment Insights
Based on property information with market context.
This Stamford inn includes 19 bedroom-and-bathroom suites, an innkeeper’s suite with a full kitchen, and several rooms connected by adjoining doors. Shared spaces include a ballroom and conference center, dining and bar areas, and a second-floor guest lounge. Geothermal radiant floor heating and elevator service to every floor are among the building’s features; a basement offers additional interior space. A large balcony extends from the third floor, while a covered porch faces Main Street.
The property occupies 0.63 acres in downtown Stamford, New York, and is zoned 414, Commercial. It is approximately 70 minutes from Albany, 50 minutes from Cooperstown, and just over 2.5 hours from the George Washington Bridge. The building’s reported construction dates conflict, so no year is included.
The property occupies 0.63 acres in downtown Stamford, New York, and is zoned 414, Commercial. It is approximately 70 minutes from Albany, 50 minutes from Cooperstown, and just over 2.5 hours from the George Washington Bridge. The building’s reported construction dates conflict, so no year is included.
Key Highlights
- 19 bedroom‑and‑bathroom suites
- Ballroom and conference center, plus dining and bar areas
- Innkeeper’s suite with full kitchen; some rooms have adjoining doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,477
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,540
$1.7M
Cap Rate 7%
$1,221,100
$1.2M
Cap Rate 9%
$949,744
$949.7K
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$220.8K $13.80/SF
− Vacancy
−$40.8K −$2.55/SF
EGI
$180.0K $11.25/SF
− OpEx
−$94.5K −$5.90/SF
NOI
$85.5K $5.34/SF
Area
Schoharie County, NY
Vacancy
18.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,709,540
Cap Rate 7%
$1,221,100
Cap Rate 9%
$949,744
Alternative Uses
Best Use
Hotel Hospitality
$1.22M
$1.07M – $1.42M
NOI $85,477 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,488 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
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Business Placement
Demographics for 12167, NY
2,342
Population
1,486
Households
1.6
Avg Household Size
52
Median Age
21%
College-Educated
91%
High-School Grad
53.5 sq mi
ZIP Area
44
Density / Sq Mi
$58,950
Median Household Income
$31,481
Median Earnings
$838
Median Rent
$192,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - A downtown lodging property combines guest accommodations with event, dining, and gathering spaces.
Where is this hotel located?
The property is located at 56 Main Street Stamford, 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: 19 bedroom‑and‑bathroom suites; Ballroom and conference center, plus dining and bar areas; Innkeeper’s suite with full kitchen; some rooms have adjoining doors
