935 Ny-313 Cambridge, NY 12816
- Hospitality properties
- 81.68 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 935 Ny-313
- Year built
- 2023
- Lot size
- 81.68 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 81.68-acre riverfront property in Cambridge, NY (zip code 12816) presents a unique investment opportunity. The 35-unit luxury glamping resort, built in 2023 and renovated in 2024, boasts a 22.20% pro-forma cap rate and a $509,475 pro-forma NOI. The property includes various accommodation types: deluxe tent cabins with private bathrooms and river views, glamping pods offering panoramic views, and off-grid travel trailers with full amenities. Guests enjoy on-site amenities such as a dining bistro, an outdoor store, a pavilion with pizza ovens, and access to various recreational activities including fishing, kayaking, and hiking. The resort's prime location, nestled between the Green Mountain National Forest and the Adirondack Mountain State Park, offers easy access to major cities like New York City, Boston, and Montreal. The property is zoned commercial and presents significant expansion potential. This turnkey operation is ready for the 2024 season, offering incredible profit margins in the luxury glamping market. The sale includes three buildings, all single-story structures. This is a rare opportunity to acquire a thriving, high-return hospitality business in a stunning natural setting.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cambridge
- County
- Washington
- State
- New York
- Longitude
- -73.3328
- Latitude
- 43.0697
