Property profile

935 Ny-313 Cambridge, NY 12816

OFF-MARKET
Hospitality properties
81.68 ac lot Built 2023
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hospitality properties
Year built 2023
Lot 81.68 ac (3,557,981 SF)

Cap rate & NOI

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

Location

935 Ny-313 Cambridge, NY 12816
Cambridge metro
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Value estimations

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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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