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    OFF-MARKET
    Commercial real estate

    12508 State Highway 37, Waddington, NY 13694

    11,000 SF 8.7 ac lot Built 1951
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11,000 sq ft motel, operating successfully for 70 years, presents a unique investment opportunity. Situated on 8.7 acres of waterfront property in Waddington, NY, this turnkey business includes 12 guest rooms (three with kitchenettes), six fully appointed cabins, and a five-bedroom owner's suite with a full kitchen and office. The property boasts two docks (one on the St. Lawrence River, one on a 40-acre lake), ample parking for guests and boats, and spacious garages for equipment storage. The motel enjoys a prime location along State Highway 37, near local beaches and state parks, catering to a diverse clientele of tourists, fishermen, boaters, and outdoor enthusiasts. The property's infrastructure and expansive acreage offer significant potential for expansion and growth, capitalizing on the increasing demand for lodging in this desirable North Country location. All amenities, equipment, and supplies are included in the sale price of $850,000. The motel's established reputation and loyal customer base ensure a strong foundation for continued success. This is a rare chance to acquire a well-established, profitable business with significant upside potential in a stunning natural setting. The property's proximity to popular attractions, including the St. Lawrence Seaway and various fishing tournaments, further enhances its appeal and profitability. The existing infrastructure, combined with the potential for additional docks, provides a solid base for future expansion and diversification. This is a truly exceptional opportunity for an investor seeking a profitable and established business in a picturesque location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1951
    Total area 11,000 SF
    Lot 8.7 ac (378,972 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
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