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    6812 Us-209 Kerhonkson, NY 12446

    Sponsored
    For Sale
    $8,250,000

    Historic Motel, Huge Development Potential

    Property size:
    8,425 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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 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

    HighLights

    • 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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Wholesale Shop Hotel & Motel Department Store Storage Facility Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kerhonkson
    County
    Ulster
    State
    New York
    Longitude
    -74.3405787
    Latitude
    41.7684575

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    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.
    Request Owner's contact information
    6812 Us-209 Kerhonkson, NY 12446
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    Kerhonkson, NY 12446
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6812 Us-209 Kerhonkson, NY 12446
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