Property summary
This exceptional investment opportunity presents a meticulously maintained 18-room motel situated on a 0.85-acre lot at 5705 US-20 in East Springfield, New York, zip code 13333. The property, totaling 10,400 square feet, boasts a rich history, having been originally constructed in 1958 and significantly updated by the owner-operator in 1992. The sale includes not only the motel itself but also an adjacent restaurant/diner, complete with all equipment and contents. This turnkey operation presents a unique chance to acquire a well-established business in a desirable location. The motel's prime location in Cherry Valley offers easy access to major roadways, ensuring high visibility and convenient access for guests. While financial details are not currently available, the property's strong operational history and established presence in the community make it an attractive proposition for experienced hospitality investors. The property is situated in Otsego County, New York, and its 0.85-acre lot provides ample space for potential expansion or future development. This is a rare chance to acquire a profitable, established business in a thriving area. Serious inquiries are encouraged. Note that no financial information is available for this property.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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