930 1st St Fulton, NY 13069-4907
- Motels
- 37,130 SF
- 4.44 lot acres
Current Use by Public Records
- Red Roof Inn Fulton / Motel / Hotel
- El Mezquite de Luna / Mexican Restaurant
Property Details for 930 1st St
- Year built
- 1987
- Lot size
- 4.44 lot acres
- Property size
- 37,130 SF
- Zone code
- C2
- Property type
- Motels
- APN
- 350400 253.51-01-01
- APU
- 350400253510101
Description
Exceptional opportunity to acquire the fee-simple interest in a thriving 70-room Red Roof Inn located in Fulton, New York. This well-maintained hotel, built in 1987 and boasting 37,130 square feet on a 4.44-acre lot, features a recently completed upgrade to the latest Red Roof Inn design package, including new LTV flooring throughout. The property includes 130 parking spaces and convenient amenities such as an outdoor patio, a meeting room, and a unique boat dock situated along the Oswego River. The hotel benefits from a strong location, just 20 minutes north of Syracuse Hancock International Airport and 15 minutes south of Oswego and Lake Ontario. Its proximity to the new Micron plant, creating 55,000 jobs, ensures strong future demand. The property generates approximately $800,000 in annual revenue and currently includes a separately leased restaurant generating $48,000 annually, with no operational responsibilities for the hotel owner. Minimal capital improvements are anticipated for the new owner. The hotel is zoned for commercial use and has a two-story building. This is a turnkey operation with significant upside potential. Asking price: $3,200,000. APN: 253.51-01-01.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $721,000
Market price range: $722k - $2.80M
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Location Insight
- Map
- Local Demand
- City
- Fulton
- County
- Oswego
- State
- New York
- Longitude
- -76.3977
- Latitude
- 43.307
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
