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State Route 17 Parksville, NY 12768

For Sale
$1,195,000

NY Motel & Diner: 23 Rooms, Huge Potential

Property size:
6,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
360
This exceptional investment opportunity presents a vacant, 23-room motel and diner situated on 2.42 acres in Parksville, NY. The property boasts 6,000 square feet across two buildings, featuring a diner and 22 guest rooms plus a manager's apartment. Built in 1950, the property includes a high-quality septic system and benefits from its location near a busy gas station and diner, attracting significant truck traffic. The property also features a picturesque stream ideal for fly fishing, offering a unique selling point. While currently vacant and requiring some updating, including repairs to one fire-damaged room, the property presents significant upside potential for expansion, such as adding cabins along the stream. The seller is offering owner financing with 30% down and a 70% balance at 6% interest-only for up to five years, with no prepayment penalties or fees. This property is zoned C and offers a rare chance to create a thriving hospitality business catering to both travelers and outdoor enthusiasts. The property's address is 960/968 Parksville Rd, Parksville, NY 12768, or 7234 Route 17 W, Parksville, NY 12768. The asking price is $1,195,000, with a minimum earnest money deposit of 10% or $20,000, whichever is greater.

Property Features for 0 State Route 17

General Information

Property type
Motels
Square Feet
6,000 SF
Lot Size
105,415 SF

Building Details

Year Built
1950
Buildings
2
Stories
1

HighLights

  • Vacant 23‑room motel and diner on 2.42 acres in Parksville, NY.
  • 6,000 sq ft building with 22 guest rooms plus manager's apartment.
  • High‑quality septic system; near busy gas station and diner, attracting significant truck traffic.
  • Picturesque stream on property, ideal for fly fishing.
  • Requires updating and repairs (one fire‑damaged room); significant upside potential for expansion.
  • Owner financing available: 30% down, 70% balance at 6% interest‑only for up to five years, no prepayment penalties.
Property Profile Location Intelligence

Current Use by Public Records

Motels

Map

City
Parksville
County
Sullivan
State
New York
Longitude
-74.7576649
Latitude
41.8510693

FAQs

What type of property is this?
Motel - NY Motel & Diner: 23 Rooms, Huge Potential
Where is this motel located?
The property is located at State Route 17 Parksville, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Vacant 23-room motel and diner on 2.42 acres in Parksville, NY.; 6,000 sq ft building with 22 guest rooms plus manager's apartment.; High-quality septic system; near busy gas station and diner, attracting significant truck traffic.
More about this property
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