396 Elizabethtown Rd, Ilion, NY 13357
This exceptional 10,578-square-foot special purpose property, situated on a sprawling 32.8-acre lot in Columbia, New York (Herkimer County, zip code 13357), presents a unique investment opportunity. The property, located at 396 Elizabethtown Road, boasts an impressive history, having been extensively renovated by renowned architect Frank Falino and featured in various publications. Currently operating as a successful bed and breakfast, this property offers the potential for continued income generation or a transition to a private residence. The property's construction cost would exceed $3 million in today's market. Key features include two designated helicopter landing areas, three ponds, and a stunning natural setting. The property also benefits from solar panel income generation and first-floor radiant heating. Recent upgrades include a new $30,000 propane heating system. Further details and stunning visuals can be found by searching "Cristman Barn & Events" on Facebook and Google. The asking price for this remarkable estate is $1,800,000. This is a rare chance to acquire a truly exceptional property in Upstate New York. The property is zoned for commercial use.
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Cristman Barn + Events Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.