6812 Us-209 Kerhonkson, NY 12446
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Historic Motel, Huge Development Potential
Property size:
8,425 SFProperty Features for 6812 Us-209
General Information
- Property type
- Motels
- Square Feet
- 8,425 SF
- Lot Size
- 4,074,167 SF
Building Details
- Year Renovated
- 2010
- Buildings
- 7
- Stories
- 2
Listing Agency: Brick & Mortar LLC Listing Agent: Jason Larusso
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Exceptional investment opportunity: The Colonial Motel, a 25-room hospitality property in Kerhonkson, NY, is offered at $8,250,000. This established motel boasts a 9.90% cap rate and a strong NOI of $377,000. Situated on a sprawling 93.53-acre lot, the property presents significant value-add potential. The existing motel features seven buildings, including a renovated three-bedroom, two-bathroom home with an office, and a turn-of-the-century schoolhouse. The motel itself comprises 20 existing rooms, with an additional 17 rooms built within existing structures. The property also includes two older cottages. Built in 1965 (with some structures dating back to 1920 and renovated in 2010), the motel offers 8,425 square feet of space and 26 parking spaces. The property is zoned 418 Inn Lodge, allowing for diverse development options, including eco-cabins, year-round green homes, or expansion of the existing motel. The location on the busy US-209 corridor in the Hudson Valley ensures high visibility and accessibility. This unique property offers a rare chance to capitalize on both existing income and substantial future development potential. The property is shown by appointment only.
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Kerhonkson
- County
- Ulster
- State
- New York
- Longitude
- -74.3405787
- Latitude
- 41.7684575
Nearby Similar for Sale
FAQs
What type of property is this?
Motel - Historic Motel, Huge Development Potential
Where is this motel located?
The property is located at 6812 Us-209 Kerhonkson, NY.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: High cap rate investment opportunity.; Value-add potential with redevelopment options for hotel or residential use.; Excellent visibility and high traffic count due to prominent location on a busy thoroughfare.
