Property profile

644 County Route 48 Altmar, NY 13302

OFF-MARKET
Commercial real estate
7,840 SF 10.4 ac lot Built 1990
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Property summary

AI-generated overview

This exceptional turnkey business opportunity in Altmar, NY, presents a 7,840 sq ft motel and campground on a sprawling 10.4-acre lot. The property boasts a recently renovated 16-room motel with a large basement/game room and an inviting outdoor gathering space complete with grills and picnic tables. A spacious office with an attached garage provides ample administrative space. Upstairs, a private owner's suite offers a large kitchen, two bedrooms, one full bath, and a new walk-out deck. The campground features 30 campsites with water and electric hookups, complemented by a newly constructed bathhouse including four half-baths and two full baths, plus a utility storage room with new appliances. Additional amenities include a large storage shed and a functioning walk-in cooler. A commercial laundry area is conveniently located behind the office. This centrally located property is ideal for outdoor enthusiasts, attracting fishermen, hunters, ATV riders, and snowmobilers. The property includes tax map # 072.00-03-17.18. This is a rare chance to acquire an established and profitable business in a desirable location. The property is ready for immediate operation, presenting a significant return on investment for the right buyer. All systems are in place and ready for a new owner to step in and continue the success of this well-maintained and popular destination.

Property profile

Verified
Property type Commercial real estate
Year built 1990
Total area 7,840 SF
Lot 10.4 ac (453,024 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

644 County Route 48 Altmar, NY 13302
Altmar metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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