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    OFF-MARKET
    Specialty properties

    396 Elizabethtown Rd, Ilion, NY 13357

    10,578 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Total area 10,578 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
    Current use
    Occupant on record · Public records
    • Cristman Barn + Events Hotel & Motel Resort
    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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