Turn-Key 10-Unit Motel
2624 NY-40 Thomson, NY 12834
2624 NY-40, Thomson, NY, 12834
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For Sale
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Newly renovated 10-unit motel near Saratoga Springs and Adirondacks.
Property Size3,000 SF
Price / SF$191.67
Days on Market791
Property Features for 2624 NY-40
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Retail
Listing agency
Coldwell Banker Prime Properties Saratoga Springs
Listed by
Cathy Libecci · License #NY
Source
Crexi
Added: May 22, 2024 Updated: Jul 6 at 8:05AM Checked: Jul 21 at 12:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Prime Properties Saratoga Springs
Investment Insights
Based on property information with market context.
This is a newly renovated, turn-key 10-unit motel located in Greenwich, New York. Its location is near Saratoga Springs, Vermont, and the Adirondack Mountains. The property is suited for tourists, outdoor enthusiasts, and event-goers. Over the past 3 years, business has tripled due to consistent upgrades and regional tourism. The units feature updated interiors, fresh paint, linens, and fixtures. Capital improvements include a new roof, hot water tanks, and updated mechanicals. The property is suited for an owner-operator or investor looking to step into a thriving business with strong cash flow and future growth potential. The property size is 3000 square feet.
Key Highlights
- Turn‑key, newly renovated 10‑unit motel.
- Strategic location near Saratoga Springs, Vermont, and the Adirondack Mountains.
- Business has tripled in the past 3 years due to consistent upgrades and strong regional tourism.
Property Analytics
Location Intelligence
Current Use by Public Records
Motels
Similar Off Market Nearby
- Timmins Homestead — 368 co rd 52, greenwich, ny 12834
- Gather — 103 Main St, Greenwich, NY 12834
FAQs
What type of property is this?
Motel - Newly renovated 10-unit motel near Saratoga Springs and Adirondacks.
Where is this motel located?
The property is located at 2624 NY-40 Thomson, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Turn‑key, newly renovated 10‑unit motel.; Strategic location near Saratoga Springs, Vermont, and the Adirondack Mountains.; Business has tripled in the past 3 years due to consistent upgrades and strong regional tourism.
