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    172 Airport Rd Yulan, NY 12792

    Sponsored
    For Sale
    $1,399,000

    Lakefront Hotel, 38 Rooms, 10 Buildings

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional hospitality property, located at 172 Airport Road in Yulan, New York, presents a unique investment opportunity. The 8.66-acre site features a main house and nine additional buildings, totaling ten structures, and offering 38 rooms. Currently configured as a former hotel, this property is ideally suited for a variety of uses, including a hotel, inn, boarding home, tourist home, or even fraternity/sorority housing. The property's lakefront location provides significant appeal and potential for increased revenue. The existing infrastructure offers a solid foundation for redevelopment or continued operation as lodging. The property's zoning allows for a range of uses, providing flexibility for future development plans. Annual real estate taxes are $28,382.75, comprising $14,721.88 in school taxes and $13,660.87 in town taxes. This property offers significant potential for a savvy investor seeking a profitable venture in Sullivan County, New York. The property's size and existing buildings provide ample space for expansion or renovation, catering to a variety of hospitality needs. The location in Yulan, NY, 12792, offers access to local amenities and attractions, further enhancing its appeal to potential guests or residents.

    Property Features for 172 Airport Rd

    General Information

    Property type
    Hotels
    Lot Size
    377,230 SF

    Building Details

    Buildings
    10

    HighLights

    • Lakefront former hotel with redevelopment potential.
    • Ten buildings totaling 38 rooms on an 8.66‑acre site in Yulan, NY.
    • Suitable for lodging, boarding house, or other hospitality uses.
    • Annual real estate taxes: $28,382.75 ($14,721.88 school, $13,660.87 town).
    Property Profile Location Intelligence

    Current Use by Public Records

    Kastoria Realty Real Estate Agency

    Suggested Use

    Realty agency Restaurant Auto Repair Shop Hotel & Motel Food Market Coworking Space Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Yulan
    County
    Sullivan
    State
    New York
    Longitude
    -74.9354909
    Latitude
    41.5178244

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Hotel - Lakefront Hotel, 38 Rooms, 10 Buildings
    Where is this hotel located?
    The property is located at 172 Airport Rd Yulan, NY.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Lakefront former hotel with redevelopment potential.; Ten buildings totaling 38 rooms on an 8.66-acre site in Yulan, NY.; Suitable for lodging, boarding house, or other hospitality uses.
    Request Owner's contact information
    172 Airport Rd Yulan, NY 12792
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    Yulan, NY 12792
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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
    172 Airport Rd Yulan, NY 12792
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