307 Water St Morristown, NY 13664
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Hospitality properties
Property Details for 307 Water St
- Lot size
- 1.95 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
Exceptional investment opportunity: a fully permitted, 64,000 square foot hotel and retail development situated on a 1.95-acre waterfront lot in Morristown, NY. This prime location on the St. Lawrence River, directly across from Brockville, Canada, boasts stunning views and excellent accessibility. The project includes an Ascend Hotel (Choice Hotels International franchise) featuring approximately 27 single rooms and 4 suites, a conference center, and approximately 16,000 square feet of ground-level retail space, including restaurants and shops. An additional 6,000 square feet of commercial space is available on the second floor. The site benefits from an expanded dock accommodating approximately 30 boats, and is adjacent to a public boat launch and village park. All environmental studies, permits (including Army Corps of Engineers), and geotechnical investigations (solid granite base) are complete. The building design is finalized, with renderings and floor plans available. This turnkey project offers significant potential for high returns, capitalizing on the area's robust tourism and its status as a US port of entry. The asking price is $2,500,000. Annual visitor numbers to St. Lawrence County exceed 415,000. The property includes a 500-foot seawall, pilings, and a docking system. Utilities are ready on-site.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- St Lawrence
- State
- New York
- Longitude
- -75.6498
- Latitude
- 44.5864
