5705 Us-20 East Springfield, NY 13333
- Hospitality properties
- 10,400 SF
- 0.85 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- 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 5705 Us-20
- Year built
- 1958
- Lot size
- 0.85 lot acres
- Property size
- 10,400 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
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
- East Springfield
- County
- Otsego
- State
- New York
- Longitude
- -74.8152
- Latitude
- 42.8314
