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    5674 Ny-52 Kenoza Lake, NY 12750

    Sponsored
    For Sale
    $195,000

    Historic 12,000 sq ft Inn on 13 acres

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This unique redevelopment opportunity presents the chance to acquire The Fern Inn, a 12,000 square foot historic bed and breakfast situated on 13 acres in Kenoza Lake, New York. Located at 5674 NY-52, Sullivan County, this property offers significant potential for restoration and renovation. The asking price is $195,000, translating to $24.58 per square foot. The property consists of one building and features a fee simple ownership. Town of Delaware tax map # 2600-027-0-0001-011-000. Annual property taxes are approximately $5,400. The property's zoning allows for adaptive reuse of older residential structures, aligning with its historic character and the area's tourism economy. This presents a multitude of options for expansion and repurposing, beyond its original use as a bed and breakfast. Owner financing is available with a 30% down payment and a 70% balance at interest-only monthly payments over five years, with no fees or prepayment penalties. This attractive financing option allows for the acquisition and subsequent securing of permanent financing once operational. The property's size, location, and historical significance make it an exceptional investment prospect.

    Property Features for 5674 Ny-52

    General Information

    Property type
    Hotels
    Square Feet
    12,000 SF
    Lot Size
    566,280 SF

    Building Details

    Buildings
    1

    HighLights

    • Exceptional adaptive reuse opportunity.
    • Prime location with high visibility and foot traffic.
    • Significant historical character and architectural details.
    • Flexible zoning allows for diverse commercial uses.
    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

    Restaurant Realty agency Spa & Massage Kitchen & Bath Hotel & Motel Plumbing Service Pet Store Breakfast Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenoza Lake
    County
    Sullivan
    State
    New York
    Longitude
    -74.9496779
    Latitude
    41.7334561

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    FAQs

    What type of property is this?
    Hotel - Historic 12,000 sq ft Inn on 13 acres
    Where is this hotel located?
    The property is located at 5674 Ny-52 Kenoza Lake, NY.
    What is the asking price?
    The asking price for this property is $195,000.
    What are key features of this property?
    This property features: Exceptional adaptive reuse opportunity.; Prime location with high visibility and foot traffic.; Significant historical character and architectural details.
    Request Owner's contact information
    5674 Ny-52 Kenoza Lake, NY 12750
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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
    5674 Ny-52 Kenoza Lake, NY 12750
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