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    Hospitality properties

    5705 Us-20, East Springfield, NY 13333

    10,400 SF 0.85 ac lot Built 1958
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Hospitality properties
    Year built 1958
    Total area 10,400 SF
    Lot 0.85 ac (37,026 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
    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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