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    OFF-MARKET
    Hospitality properties

    172 Airport Rd, Yulan, NY 12792

    8.66 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional hospitality property, located at 172 Airport Road in Yulan, New York, presents a unique investment opportunity. The 8.66-acre site features a main house and nine additional buildings, totaling ten structures, and offering 38 rooms. Currently configured as a former hotel, this property is ideally suited for a variety of uses, including a hotel, inn, boarding home, tourist home, or even fraternity/sorority housing. The property's lakefront location provides significant appeal and potential for increased revenue. The existing infrastructure offers a solid foundation for redevelopment or continued operation as lodging. The property's zoning allows for a range of uses, providing flexibility for future development plans. Annual real estate taxes are $28,382.75, comprising $14,721.88 in school taxes and $13,660.87 in town taxes. This property offers significant potential for a savvy investor seeking a profitable venture in Sullivan County, New York. The property's size and existing buildings provide ample space for expansion or renovation, catering to a variety of hospitality needs. The location in Yulan, NY, 12792, offers access to local amenities and attractions, further enhancing its appeal to potential guests or residents.

    Property profile
    Verified
    Property type Hospitality properties
    Lot 8.66 ac (377,230 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kastoria Realty Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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